1,466,207
Stefen Lee Liberti Accelerations clauses can work in a hot market. However, the seller should look at the overall merits of the offer and not just choose it because the buyer offered $1,000 more than the highest offer. All things considered, it may not be the best choice.
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S. Leanne Paynter ☼ Br...
Davie, FL
1,622,432
We had it when the market was hot. Not anymore. Yet, I'd suggest anyone be careful with sending such offers in if financing involved.
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S. Leanne Paynter ☼ Br...
Davie, FL
4,800,082
630,251
3,071,489
911,338
Offering $1000.00 more doesn't mean the seller will accept the offer. That's just one consideration of many that make up an offer. I've seen sellers acceept offers more than $5000.00 less than the highest offer. It's not always about the money.
1,725,996
5,805
Personally, I wouldn't use one as the seller will most likely counter right back at your escalation price since you just showed him/her what you are capable of paying.
1,712,676
I have never seen that. If I represented a buyer I would never do that. Why should I trust a listing REALTOR® or seller not to manipulate that. What I would ask for in multiple offer situations is that highest and best with a cut off period happens.
921,504
In this example. no one seems to have an issue with revealing the value of an existing offer. Does that not violate some pledge or oath or contract we all cite when convenient?
192,741
Wow, that's really interesting! I've honestly never seen this before on an offer. Seems tricky if the buyer is getting a loan..?
2,443,250
4,319,419
Stefen Lee Liberti - well, this has helped many of my buyers - and I love the 'escalation' clause.
115,432
New Jersey chiming in - an escalation clause is a very effective tool in a competitive bidding process. Our market has heated up and multiple offers are not uncommon - I explain the escalation clause tool to my buyers so that they can consider it as we navigate the market. I consider it a good tie breaker, most effective when attached to a very strong offer.
36,135
856,072
Yes they are legal, Idaho speaking. I can not get behind them. It is my personality that gets in the way on this one. If I were a seller I would want someone to put forth their best. Not nickle and dime someone that was upfront from the get go. Just me speaking there. Some people in our office have used the forms and swear by em. Mark
1,139,819
Yes I believe so. It is a great clause to put in an offer if you want to win.
3,986,258