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Updated almost 4 years ago on . Most recent reply

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Ethan Antwain Reynolds
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escalation clause in contract how to screen fake offers pls Help?

Ethan Antwain Reynolds
Posted

Put in an offer for 153k with an escalation clause to 167k and it was escalated to 166k how can I check the legitimacy of the offer that caused the escalation?

  • Ethan Antwain Reynolds
  • Most Popular Reply

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    Steve Morris
    • Real Estate Broker
    • Portland, OR
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    Steve Morris
    • Real Estate Broker
    • Portland, OR
    Replied

    If a buyer put an escalation clause in the offer could the seller then counter at the top of the escalation clause whether someone else bid up to that or not?

    Sure, the buyer's tipped his hand already which is another reason why I don't like an escalation clause.  You're letting the seller write the buyer's offer.

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