'Is This Even Legal?' A Homebuyer Says Their Seller Hiked The Price '3 Days Before Closing.' Here's Why People Lashed Out At The Realtor

1 month ago 5

Adrian Volenik

Mon, May 12, 2025, 6:45 AM 4 min read

In the post, the buyer explained that their seller suddenly demanded an extra $7,000, citing an escalation clause, despite both parties having already signed a purchase agreement. “My closing is in just three days, and today my realtor told me that the seller is suddenly increasing our purchase price by $7,000,” the post said.

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The buyer said they initially offered $650,000 for the property, which the seller rejected in favor of a higher offer. When that deal fell through, the seller came back to the original buyer, agreeing to the $650,000 price.

However, as the homebuyer wrote, “Now, just days before closing, the seller claims the price should be $657,000 because of our escalation clause, saying they have proof another buyer offered around that amount.”

According to the buyer, the escalation clause only applied before their offer was accepted, and the signed purchase agreement clearly stated the price as $650,000. "Told my realtor that the Purchase Agreement stated $650,000 and the escalation clause applies only before acceptance and is no longer in effect," the buyer wrote in an update.

However, when their realtor responded it added to the buyer's frustration, as they felt their representative should be firmly defending the agreed-upon price.

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The post triggered a wave of sharp criticism, with many commenters questioning the competence of the buyer's realtor. One user said, "You have a signed contract. Full stop. That's the price." Another added, "Your realtor is an idiot. They signed the contract, any other offers that weren't previously presented are now irrelevant. Doesn't matter when it was dated for."

Several users pointed out that a signed purchase agreement typically supersedes any prior offers or escalation clauses. "The purchase agreement always trumps any offers," one commenter wrote. "If you have a signed agreement at $650,000, that is the cost of the house."

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