Buyer Tactics for a Hot Market
During a buyer's market, home buyer's are aggressive in their offers; making offers substantially below asking price with many seller concessions. As the market has shifted, buyer's have
had to direct heir agressive tactics to fighting off other buyers instead of beating up on home seller's.
In the current market, buyer's are taking big risks in order to win in competitive bidding.
One effective technique for offering more is known as an escalation clause. When making an offer on a home, agreeing to pay add additional amount in specific increments to a price up to a maximum price.
This can help a buyer make an offer that is fair, without offering too much higher than other offers. It can protect a buyer in the event that another offer comes in slightly higher than they pay. Usually an escalation clause will require evidence that a higher offer was received by the seller. This evidence "triggers" the escalation clause.
Drawbacks of Escalation Clauses
While this can help in some cases, sometimes the seller is more comfortable withoffers that come in higher. There are even times when the seller may not consider escalation clauses because their agent doesn't notice the clause, or doesn't understand.
Another setback has been that escalation clauses might not be accepted by the seller, or the seller receives several offers with escalation clauses and it gets too complicated. Many things can take place given the fluid nature of the market, but its always possible that it might be the edge that you need to win in competitive bidding.
.
When making an offer with an escalation clause, your Realtor and an attorney can help with the correct language that will work in given situations. This post is meant for information only and does not constitute legal advice.
Premier Properties
Super nice 3 bedroom 2 full bathroom home in the heart of south county in a most convenient location in Lindbergh School Dist.! This updated home offers hardwood floorin...
- 3 Beds
- 2 Baths
- 21003823 MLS
- ACTIVE Status
This 4+ bed 3 full bath home on over half an acre private, level lot is an amazing find in the Lindbergh School District! This beautiful home features main floor and lowe...
- 4 Beds
- 3 Baths
- 21002799 MLS
- ACTIVE Status
REMARKABLE VALUE! This elegantly updated mid-century 5 bed 4.5 bath home situated on 1.28ac located in desirable Sunset Hills & the AWARD WINNING Lindbergh School Distric...
- 5 Beds
- 4.5 Baths
- 21001630 MLS
- ACTIVE Status
Open House This Sunday, January 18th 1-3pm! Fantastic Open-Concept Condo in Lindbergh Schools! Welcome to this top-floor immaculate unit in an absolutely awesome locati...
- 2 Beds
- 2 Baths
- 21001910 MLS
- Grantwood Place Condo 2 Bldg.
- ACTIVE UNDER CONTRACT Status
Handsome European inspired condominium is situated near Laumeier Sculpture Park, surrounded by lush landscaping and unparalleled sophistication. This secure midrise buil...
- 3 Beds
- 2 Baths
- 21000225 MLS
- Laumeier Place Condo Amd Bldg.
- ACTIVE Status
Is buying a Sunset Hills villa one of your New Year’s resolutions? 3918 Courtyard Circle is the one for YOU! W/lg vaulted entryway & hardwood flrs, you’ll be stepping int...
- 3 Beds
- 3 Baths
- 21000020 MLS
- ACTIVE UNDER CONTRACT Status
Charming ranch, 3 bed, 2 bath home in Crestwood. Large open Living/Dining room. Wood floors throughout. Large oversized kitchen, Gas oven/stove, microwave, refrigerator. ...
- 3 Beds
- 2 Baths
- 20090513 MLS
- ACTIVE Status
What an incredible opportunity this all brick, 4 BDRM, ranch home with 2200+ sqft. on the main floor has to offer! The home has been meticulously maintained by the origin...
- 4 Beds
- 2.5 Baths
- 20087565 MLS
- ACTIVE UNDER CONTRACT Status
YOU CAN'T BEAT IT! Sunset Hills/Crestwood area, 3 bedroom 2 bath RANCH on 1/3 acre level lot! Master with FULL BATHROOM, newer kitchen with Corian countertops and cente...
- 3 Beds
- 2.5 Baths
- 20087274 MLS
- ACTIVE UNDER CONTRACT Status
Looking for a completely renovated home located in beautiful Sunset Hills? Welcome home to 13344 West Watson! The beautiful curb appeal is just the beginning...New system...
- 4 Beds
- 2.5 Baths
- 20077392 MLS
- ACTIVE Status
NEW PRICE!! BRING YOUR OFFERS!! OPEN HOUSE SUNDAY 29 Nov 2020 . INGROUND POOL! LOCATION,LOCATION,LOCATION. Wonderful 3 Bedroom home home has it & in Lindbergh School Dis...
- 3 Beds
- 2 Baths
- 20081330 MLS
- ACTIVE Status
Beautiful two-story brick & stone 4 bed/5 ba. home in prestigious Tapawingo Golf community on quiet cul-de-sac w/gorgeous lakes nearby. Spectacular floor to ceiling vault...
- 4 Beds
- 4.5 Baths
- 20080631 MLS
- ACTIVE Status
Welcome home to 1342 Dalcrest! Wonderful 4 bedroom, 2.5 bath home in the AAA award winning Lindbergh School District. Separate Living and Dining rooms each with pretty wo...
- 4 Beds
- 2.5 Baths
- 20080672 MLS
- ACTIVE UNDER CONTRACT Status
Privately set in a premier golf community, this home features main floor master suite, laundry, kitchen with island, double ovens/dishwashers, and subzero refrigerator. M...
- 6 Beds
- 5 Baths
- 20065571 MLS
- ACTIVE Status
Welcome to this spacious, beautifully well-maintained and ready to move-in home 3 bed 2 full bath in the heart of Crestwood and much sought-after AAA Lindbergh school di...
- 3 Beds
- 2 Baths
- 20078370 MLS
- ACTIVE Status
Fall in love with this English country style, luxurious condominium situated on acres of lush landscaping. You will be amazed at the workmanship and fine details in this ...
- 3 Beds
- 2 Baths
- 20077435 MLS
- Laumeier Place Condo Amd Bldg.
- ACTIVE Status
Welcome home to this AMAZINGLY UPDATED 4 Bed, 2 1/2 Bath Split Foyer home! Located in DESIRABLE Lindbergh School District boasting over 2,228 sq. Ft. Every inch of this e...
- 4 Beds
- 2.5 Baths
- 20076072 MLS
- ACTIVE UNDER CONTRACT Status
Incredible Craftsmanship in this New Construction 3 bd 2 bth home on .40 Ac level lot. Pull into lge driveway and you will notice the beautiful brick/stone on front of ho...
- 3 Beds
- 2 Baths
- 20074596 MLS
- ACTIVE Status
Great opportunity for new construction in Lindbergh Schools. 2 Story, 3 bedroom, 2.5 baths, 2 car garage, great open floor plan! Standard features include 9 ft ceilings o...
- 3 Beds
- 2.5 Baths
- 20066101 MLS
- ACTIVE Status
3 bedroom, 2 full bath ranch in AAA Lindbergh School District. Features include a large living room, large family room with wood burning fireplace and opening to eat in k...
- 3 Beds
- 2 Baths
- 20051163 MLS
- ACTIVE UNDER CONTRACT Status