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[quote=Anonymous][quote=Anonymous]We just bid on a property and provided an escalation clause that went up over $250k over ask. There were five total offers, and apparently none of them got to the price "the sellers were hoping for." We had the highest cap, but they refused to show us where the escalation landed based on the next best offer. Instead, they countered with "a number they would feel comfortable with." While that number was slightly under our cap, we were unwilling to engage without receiving documentation showing where the escalation ended, and they didn't want to show their cards. Deal fell through because of ridiculous games on the part of the listing agent. They claim they got another offer to "come up" and are ratified. Listing agent told our realtor that "we would be disappointed," but the listing is still active on MLS. Total insanity. Buh-bye![/quote]

This sounds pretty standard.  Agents use an escalation to counter.  You have basically showed your hand.  Good for you for not backing down.  Most buyers do.  [/quote]

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