Anonymous

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Rainmaker
2,974,333
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I don't "do" anything...it's up to the seller to determine how to negotiate further with input from me. And it's impossible to generalize a response... every situation is unique.

Aug 12, 2018 12:56 PM
Ambassador
3,185,615
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

You can't go back willy-nilly with full escalation price if you want to keep your license! The buyers can ask to see the Offer they were to 'beat' with their clause after the sale. You have to abide by the escalation clause. If they say they will got $1K above your highest bidder, then that's as high as your seller responds.

As well, it's really up to your Sellers as to whether or not they want to go back to the buyer with the EC, responding with the amount over your other highest bidder or ask the buyers to state a specific price.

Aug 12, 2018 01:13 PM
Rainmaker
3,240,957
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Discuss with seller who has the ultimate decision.   Why is this an anonymously asked question?

Aug 12, 2018 12:54 PM
Ambassador
2,344,389
Fred Griffin presently on Leave of Absence
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

  Present the offer to the Seller.  Discuss their options.  Let the Seller decide.

  Remember that a counteroffer is a rejection.  

Aug 12, 2018 12:50 PM
Ambassador
2,849,864
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Seller's decision.  I present offer and give them their options.  I've had sellers reject escalation offers because of other terms.  It's a seller decision, not an agent's.

Aug 12, 2018 12:53 PM
Rainmaker
350,570
Susie Kay
Ultima Real Estate - Plano, TX
North Dallas Specialist

It's not up to the agent but it's the client's decision, but lay everything on the table so client knows his/her options and possibilities.

Aug 12, 2018 02:51 PM
Rainmaker
1,024,267
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I agree with Tammy Lankford, 150% 

Aug 12, 2018 02:13 PM
Rainmaker
4,869,368
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

it's the decision of the seller.... give the seller the options and let the seller decide.... go back with exactly what the seller requests....

Aug 12, 2018 02:10 PM
Rainmaker
1,211,014
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Seller's decision obviously, but as to what I'd recommend really depends on the other offers. 

Aug 12, 2018 02:05 PM
Rainmaker
5,264,119
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

The home seller will make the decision. Follow the advice of your broker in these situations.

Aug 12, 2018 01:43 PM
Ambassador
1,611,744
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I have never received an offer like this in 28 years.

Aug 12, 2018 01:36 PM
Rainmaker
911,112
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Not enough info, seller's choice.

FYI: typically you can't max an esc. clse. They are always X above highest.

Aug 12, 2018 01:01 PM
Rainmaker
680,424
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

What does your broker say--and what does your seller want?

This question needs to be posed to somebody with direct knowledge. The answers you'll get here will confuse at best and could even mislead.

I can however give you lucky lottery numbers. Just messing with you. 👿💰💰

Good luck though, this sounds like a pretty good problem to have, indeedie!

Aug 12, 2018 12:59 PM
Rainmaker
982,854
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

It's a matter of semantics at this point. Your Seller is the final word. 

Aug 12, 2018 12:57 PM
Rainmaker
3,167,411
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

What does your seller want to do?

Aug 12, 2018 12:46 PM
Rainmaker
651,427
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Is the escalation clause maximum the highest amount that you have received? Are the other terms of that offer attractive compared to other offers received? If so, I think that I would advise the seller to counter that buyer at that max figure. You could do the same to the other buyers at the figure despite having submitted their “highest and best” offers because they may be able to stretch a little more for their special house.

On the other hand, if you are seeking advice here that you are actually going to use in real life...maybe you need help from your broker, mentor or senior agent at your agency.

Aug 12, 2018 04:46 PM
Rainmaker
382,677
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

We have had this scenario before and the escalation clause topped all other offers.  It was the highest and best and our buyer got the home.

Aug 12, 2018 04:07 PM
Rainmaker
2,895,002
Richard Weeks
Dallas, TX
REALTOR®, Broker

In Texas we are not allowed to use escalation clauses, so I would tell my client to speak to an a real estate attorney.

Aug 12, 2018 03:29 PM
Rainmaker
2,763,575
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Talk to your broker.  If you an agent in my brokerage I would want you to come to me anything you doubted what to do.  Anything we do not know, that we are expected to know, needs our broker's input ... or in some cases, seek legal advice.  

Aug 12, 2018 03:13 PM
Rainmaker
984,394
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

It was already posted by one of your classmates.

Aug 12, 2018 01:21 PM
Rainmaker
743,532
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

When a LISTING states, 'highest & best' the meaning of the term equals ZERO.

The concept behind Highest & Best should be shared with those known to be responsible with such information. Anonymous does not qualify as that person.

Aug 12, 2018 01:10 PM
Rainmaker
1,505,122
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

Why would you work against your sellers best interests? Let them kill themselves beating each other!

Debe Maxwell I agree with.

Aug 12, 2018 05:00 PM
Ambassador
3,043,108
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

 That’s not what our escalation clause says in the small print so I would not do that ...

Aug 12, 2018 04:52 PM
Ambassador
4,056,346
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

The escalation is what it is, as to how high it is will depend on the other offers on the table.

Aug 12, 2018 04:50 PM
Rainmaker
1,449,393
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Agree with all answers. 

Nov 06, 2018 07:15 AM
Rainmaker
1,025,872
Valeria Mola
SIB REALTY - Sunny Isles Beach, FL
305-607-0709 SIB Realty

Great answers are here. Good luck. 

Nov 06, 2018 07:08 AM
Rainmaker
4,796,551
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

An offer with an escalation clause is not their highest and best.  You and your sellers call as to how to handle this.

Aug 13, 2018 07:41 AM
Rainmaker
3,049,871
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Nina Hollander nailed this one!

Aug 13, 2018 05:38 AM
Rainmaker
4,313,310
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

You have excellent answers. A

Aug 12, 2018 09:24 PM
Rainer
222,517
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

Is it the best offer...then go with it. Get their proof of funds/speak with their lender to insure they can purchase at the EC price and get the house sold.

In the end, it is up to the sellers to decide what they want to accept.

Aug 12, 2018 07:40 PM
Rainmaker
3,977,611
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

It is not my decision only to present and explain what is not understood

Aug 12, 2018 06:56 PM
Rainmaker
2,703,817
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Many great responses.

Aug 12, 2018 06:24 PM
Rainmaker
4,020,293
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

What does your seller want to do?

Aug 15, 2018 02:42 PM
Ambassador
4,298,246
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Check the edcalation claue - and if I were the listing agent,,,,,,

Aug 12, 2018 10:41 PM