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Jason Wilcox has been a licensed realtor in the Commonwealth of PA since 2016 and has been affiliated with Coldwell Banker Real Estate Services since starting his career in real estate. During this time, he has helped many families all throughout Western PA buy or sell their home, as well as working with investors to maintain their rental portfolio. In addition to serving as a full time real estate agent, Jason also serves part time as the Director of Music and Worship for Bethel Presbyterian Church. Jason currently resides in Canonsburg, PA with his wife, Lindsay, and their two cats, Mali and Rosie
Episodes
Friday Jul 05, 2024
Ep211 Price Escalation Addendum
Friday Jul 05, 2024
Friday Jul 05, 2024
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: 412-651-4638
Email: jason.wilcox@pittsburghmoves.com
AIR DATE: JULY 5, 2024
Version: 20240731
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