Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
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 5 years ago on .

User Stats

22
Posts
4
Votes
Justin Reid
  • IL
4
Votes |
22
Posts

Right time to use an escalation clause?

Justin Reid
  • IL
Posted

I put in an offer on a bank owned (US Bank)property today. The house has been listed for 200 days, and just over 2 weeks at its current price point. Miraculously my realtor calls me & says the listing agent told her they have multiple offers & I should start considering my “best & final”

I find it HIGHLY suspicious that after all this time there are multiple offers now, in a time when a large chunk of the country is out of work and almost nobody is making large purchases. I think the listing agent is full of ****.

I’m considering submitting my best & final with an escalation clause dependent on verifiable offers.

What do you guys think? Would this be the appropriate time to use such a clause or just stick with my original offer. I more or less want to call their bluff.