Updated about 5 years ago on . Most recent reply
Legitimacy if offers when using an escalation clause?
My wife and I are about to buy a property cash and we used an escalation clause in our contract. And conveniently we were maxed out. Is there a way to check the legitimacy of an offer?
Most Popular Reply
If you won the bid and had an escalation clause, the clause should have been written up in such a way that it includes receiving proof of the competing offer(s) that drove your offer up. Next time, ensure your Realtor includes that language in the escalation clause.