Reply to Escalation Clause versus waiting to make a counteroffer?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Escalations are fine, but require proof of written offer that triggered the escalation (they will remove personal information). Verbal offers do NOT trigger the escalation - if it's not written down, it never existed.

Also put a time limit on your offer (48 hours max) so they can't shop your offer.[/quote]

And then the seller will just counter offer with the escalation amount. Take it or leave it, not all sellers want to play these stupid little games. Make your offer and be done with it.[/quote]

Why would I accept the seller’s counter at the top of my range? Show me bid that triggered the escalation. [/quote]

You would accept the bid because you want the house. I'm speaking from personal experience as a seller and from hearing about the same thing playing out with others. There doesn't need to be a claim that another bid triggered the escalation. If the house is good, and you express willingness to pay a high dollar amount, expect to get called out on it.[/quote]

Only agents benefit from escalation. If you disclose what you are willing to pay then seller will surely use that information to make a counter offer.

Best is to just put you offer with a short deadline. [/quote]

How do agents benefit from escalation? The effect on their commission is marginal. [/quote]

It means house is going to close quickly and quickly getting the check is the only thing agents care about.[/quote]

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