04/22/2026
Just sold in Mica and this is one we are proud of. Competing against a seemingly impossible-to-beat offer with an escalation clause, my buyers snagged this one at the list price, but how?
TL;DR: A high offer is great. An offer that is nearly guaranteed to actually close is even better.
We placed our original offer the day this one came on the market, hoping no other offers came in. For a special property, of course another offer was submitted with an escalation clause up to $2 million! For a $1.2 million property, my buyers were ready to give up. After a brief conversation with the list agent, we found out the competing offer was still a normal, conventional loan with 20% down, meaning it would still need a conventional appraisal. This was a special property, but it wasnât priced $800k below market value.
The buyers didnât need to overcome $800k, they needed to overcome whatever amount the other offer was willing to beat ours by. Was it $5k? $10k? Higher? We wouldnât know.
Still discouraged but with this perspective, we resubmitted our offer, the buyers wrote a compelling letter to the seller AND shared evidence of their strong financial ability to purchase the home, and that did the trick. (If you know me, you know I am a fan of letter-writing).
When it would have been easy (and maybe the obvious outcome) to give up when youâre up against an offer that seems too good to be true, it paid to take a step back, evaluate the landscape, and still move forward. It turns out the other offer was only escalating by $1,000!
The seller accepted our offer, and the buyers closed today on a truly beautiful property, even with the sellers netting less than they would have with the other offer.