View Single Post
Old 02-25-2021, 9:51pm   #17
snide
Barn Raising II,III
NCM Supporter '13
Bantayan Kids '17
Points: 116,204, Level: 100
Activity: 99.5%
 
snide's Avatar
 
Join Date: Oct 2009
Location: I could never live there.
Posts: 150,612
Thanks: 116,565
Thanked 23,236 Times in 10,934 Posts
Gameroom Barn Bucks: $108033784
Default

Quote:
Originally Posted by dvarapala View Post


The kid just bought his first house the other day. The market is so crazy that he not only made a full price offer, but at the encouragement of his agent the offer also included an escalation clause: basically if the sellers received another offer he would automatically beat it by $1000 up to a max of $10000 over asking. Turns out there was a competing offer, and that offer included a similar escalation clause, only theirs was $500 over and capped at $9000 over asking. So he beat them out by $1000.

It's almost like buying a house on eBay.
Gotta know how to play the game.
snide is offline   Reply With Quote
The Following User Says Thank You to snide For This Useful Post: