Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on . Most recent reply

User Stats

69
Posts
18
Votes
Sean Yang
  • Investor
  • San Diego, CA
18
Votes |
69
Posts

Escalation Clause -- Does Expired Competing Offer Count?

Sean Yang
  • Investor
  • San Diego, CA
Posted

I am making an offer for a duplex in the state of Washington. I used an escalation clause and it's triggered. According to the contract, the listing agent is required to provide me with the highest competing offer in order to escalate the price; however, the competing offer he presented is an expired one (expired 2 days ago). Is that still valid? The house is located in King County, WA. Thank you a ton!

Most Popular Reply

User Stats

1,587
Posts
1,686
Votes
Michael Dumler
  • Real Estate Agent
  • Atlanta, GA
1,686
Votes |
1,587
Posts
Michael Dumler
  • Real Estate Agent
  • Atlanta, GA
Replied

@Sean Yang even though the offer expired, the listing agent is most likely in talk/negotiation with the buyer's agent that put in the offer. The expiration date of an offer can easily be crossed out and extended with the acceptance of both parties. 

Loading replies...