3 ms·
You can ask to see the other offer if the escalation clause is triggered. It technically has to be "bona fide"
by hammock 3y ago
You can ask to see the other offer if the escalation clause is triggered. It technically has to be "bona fide"
- scottwick 3y agoDo you see the deposit amount and all the details of the escalation from the triggering offer in that case? Say I saw that the triggering offer had a measly deposit and I suspected it of being fake. Would I be on the hook to prove it? Technically if I rescind my offer at this point I lose my own deposit, right?
- teen 3y agoYes but they can drag their feet in giving it to you, since they can just sign your offer immediately. However, you can just cancel your offer after with a follow up document.
- teen 3y agoThis happened to me in 2019. I went into escrow and they didn't give me the offer for about 5 days. When I finally got it, it was lower than it should have been. It rubbed me the wrong way and I bailed out of the deal.
- scottwick 3y agoHow did you bail without losing your deposit? I would have thought if you were the highest bidder you'd either be on the hook for the full purchase or lose your deposit.
- userinanother 3y agoIf the escalation was fraudulent then you can bail.