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Updated almost 4 years ago on . Most recent reply

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Sean Yang
  • Investor
  • San Diego, CA
18
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69
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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!

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Michael Dumler
  • Real Estate Agent
  • Atlanta, GA
1,704
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1,608
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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. 

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