Special offer

Financially Aggressive Buyers

By
Real Estate Agent with Weichert Realtors Appleseed Group, 2043 Richmond Ave. S.I.N.Y. 10314. office phone 718-698-9797, Appleseedhomes.com -

 

Financially Aggressive Buyers

Recently I listed and sold a short sale property here in Staten Island.  Funny thing about it was that I had 4 buyers, 2 were very aggressive financially.  They kept outbidding each other, until I emailed both the same message.  Please submit your highest and best offer, we can't keep going on like this.  One of the buyers had his  own Escalation Clause without me saying anything about outbidding the other buyer.  Both were my buyers so there was never an issues with agency.

The funny thing about it was not too long ago I did a post about Escalation Clause in helping my buyer outbid any and all competition.  I received over 90 comments and 2000 views, so it must be a hot topic.

BTW, I sold it in 8 days.

Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Congratulations for selling the house so quickly. Have a good Sunday.

Mar 23, 2013 09:18 PM
Al & Peggy Cunningham, Brokers
RE/MAX West Realty Inc., Brokerage - Brampton, ON
Our Family Wants To Help Your Family!

Very interesting Ken and what an excellent option. Did the client using the escalation clause win the house? Congratulations on your quick sale.

Mar 28, 2013 01:08 AM
Kenneth Cole
Weichert Realtors Appleseed Group, 2043 Richmond Ave. S.I.N.Y. 10314. office phone 718-698-9797, Appleseedhomes.com... - Staten Island, NY
NYS Licensed Real Estate Salesperson

Yes, the buyer who told me that his bid will increase over any other won the condo.

Thanks for stopping by.

Mar 28, 2013 01:18 AM
Richard Weeks
Dallas, TX
REALTOR®, Broker

The Texas Real Estate Commission has advised Texas agents that esculation clauses are not to be used.

Oct 20, 2013 09:50 PM