Ep211 Price Escalation Addendum

The Really REAL Real Estate Podcast

When it comes to a multiple bid situation on a home, one tactic that can get used is a price escalation addendum. It’s a common way for a buyer to make their offer more enticing to the seller and while you may not recognize the name at first, once the concept is explained to you, it makes perfect sense as to what a price escalation addendum actually is! Today, we talk about what a price escalation addendum is and what you need to consider as the buyer or seller when it comes to utilizing one during the negotiation process of purchasing a home. TALKING POINTS (3-5): Introduction What is a Price Escalation Addendum? What do you need to consider when utilizing a Price Escalation Addendum? If I win the multiple bid situation, I’m willing to pay it; if I don’t win, I don’t wish I would have offered something more ***Review Lines 14-27 of the PEA at this point!*** How does a buyer know a seller is being truthful when it comes to using a price escalation addendum during the offer process? Are there any checks/balances when it comes to Price Escalation Addendum? Should a seller consider Price Escalation Addendums in a multiple bid situation? Final thoughts HASH TAGS: #priceescalationaddendum #multiplebids #buyers #sellers LINKS: JASON: https://jasonwilcox.cbintouch.com/ https://www.zillow.com/profile/jasonwilcox1987/ https://www.youtube.com/channel/UCrRksfKiMNteHKYRYrinAug?view_as=subscriber https://www.facebook.com/jason.wilcox.186 https://twitter.com/jason_wilcox1 https://www.instagram.com/jason.wilcox1/ CONTACT INFORMATION: JASON: Cell Phone: [phone] Email: [e-mail] AIR DATE: JULY 5, 2024