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Real Estate
Reply to "If I had an a offer accepted without an inspection contingency"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP, have you used an escalation clause or just made an offer over ask? [/quote] Just made an offer over ask. It was stupid, I should have used an escalation clause.[/quote] The agent should have advised you better.[/quote] Yes, I agree. I wish I had thought of this. I paid at least $50K over what it might have gone for.[/quote] An escalation clause is not appropriate for the situation you were in. [/quote] Why not? I wound up paying $100K over ask for a house that isn’t worth that.[/quote] Because putting in an escalation clause wouldve encouraged the sellers to try to get another offer to activate the escalation clause. There is now way that you know that you overpaid by $100K. Im not sure why you think you know that so definitively. [/quote]
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