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Rainmaker
5,178,041
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte 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
5,347,650
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

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
4,630,599
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 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
2,687,955
Fred Griffin Florida Real Estate
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
3,194,594
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
Rainer
509,449
Susie Kay
Ultra Real Estate Dallas Fort Worth - 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
2,223,559
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I agree with Tammy Lankford, 150% 

Aug 12, 2018 02:13 PM
Rainmaker
5,583,563
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with 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
1,518,973
Ryan Huggins - Thousand Oaks, CA
https://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
7,978,661
Roy Kelley
Retired - Gaithersburg, MD

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

Aug 12, 2018 01:43 PM
Rainmaker
1,713,276
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
1,578,904
Thomas J. Nelson, REALTOR ® CRS,ABR,PSA,RCS-D, ePRO
Big Block Realty 858.232.8722 - La Jolla, CA
Serving Coastal San Diego, Veteran's & Seniors

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
1,075,789
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
1,153,799
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
5,338,162
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

What does your seller want to do?

Aug 12, 2018 12:46 PM
Rainmaker
1,371,746
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
733,900
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
4,986,332
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
Ambassador
3,375,494
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

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
1,251,236
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
921,504
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
1,857,957
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

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
Rainmaker
4,273,307
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

 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
6,525,205
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - 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
2,071,130
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

Agree with all answers. 

Nov 06, 2018 07:15 AM
Rainmaker
1,598,502
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Great answers are here. Good luck. 

Nov 06, 2018 07:08 AM
Rainmaker
4,800,182
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
3,072,430
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Coldwell Banker Realty

Nina Hollander nailed this one!

Aug 13, 2018 05:38 AM
Rainmaker
5,773,797
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
440,407
J.R. Schloemer
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
3,986,358
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
4,250,112
John Pusa
Glendale, CA

Many great responses.

Aug 12, 2018 06:24 PM
Rainmaker
5,915,341
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
Rainmaker
4,320,722
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

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

Aug 12, 2018 10:41 PM