Reply to Escalation Clause versus waiting to make a counteroffer?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Don't do escalation. Agents abuse them and will just tell other buyers that you've made an offer at the top of your escalation. Also, you never know what games are played to trigger the escalation.

In almost all situations, if you don't do an escalation but your offer is competitive, agents will try to get you to counter -- so that's the better route. There's still abuse here ([b]agents sometimes lie and say that there's a higher offer when there isn't[/b]), but it's not as terrible.[/quote]

You have no evidence of that. And it doesn't make any sense, either.

Look, you agent haters talk out of both sides of your mouths. On the one hand, you say all they care about is closing the deal and getting paid. On the side, you say they'll risk closing the deal by playing games. Which is it?

(Not to mention if there's an offer for list or higher, the seller will owe the commission, so why would the agent risk alienating a good faith buyer? It doesn't make sense).

-- No, not an agent, etc. [/quote]

Actually, it happened to me. Agent told me that there was a higher offer and asked if I wanted to make a new offer. I declined and withdrew my existing offer. House was still on the market a couple weeks later without being contingent/pending.[/quote]

That doesn’t mean it happened to you, genius.[/quote]

Hey agent -- Sorry that your stupid tricks backfire on you. Not my fault that you promised the seller a bidding war that never materialized.[/quote]

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