{"id":612660,"date":"2026-04-18T15:53:45","date_gmt":"2026-04-18T15:53:45","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/612660\/"},"modified":"2026-04-18T15:53:45","modified_gmt":"2026-04-18T15:53:45","slug":"bid-with-an-escalation-clause-wins-out-in-calgary-home-sale","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/612660\/","title":{"rendered":"Bid with an escalation clause wins out in Calgary home sale"},"content":{"rendered":"

Open this photo in gallery:<\/a><\/p>\n

This two-storey house in Calgary has 2,077 square feet of living space with 10-foot ceilings and 941 square feet of space in the finished basement.Photography provided by CIR Realty<\/p>\n

2015 24A St. S.W., Calgary<\/p>\n

Asking price: $1,199,900 (February, 2026)<\/p>\n

Selling price: $1.2-million (March, 2026)<\/p>\n

Taxes: $6,736 (2025) <\/p>\n

Days on the market: 33<\/p>\n

Listing agent: Kamil Lalji, CIR Realty <\/p>\n

Open this photo in gallery:<\/a><\/p>\n

The kitchen is located between two entertaining areas.<\/p>\n

The action<\/p>\n

This semi-detached house near Shaganappi Point Golf Course was bought preconstruction in 2020. The owner recently decided to buy another home by the same builder and listed this one for sale on Family Day weekend. A handful of buyers toured the space over four weeks. <\/p>\n

\u201cThere were similar properties [for sale], but they weren\u2019t as upgraded,\u201d agent Kamil Lalji said. <\/p>\n

\u201cThis had plantation-style shutters, tons of built-ins, and $75,000 was spent on the backyard landscaping with interlocking paving stones and a pergola.\u201d<\/p>\n

In March, a buyer wrote an offer, but with another bid submitted right after, they raised theirs $100 over the asking price with a stipulation that it would rise to $1.25-million if the rival bid countered back higher. The second proposal was too low to trigger the clause, handing the first bidder ownership for $1.2-million. <\/p>\n

\u201cThe buyer not only went over list, but put in an escalation clause of $25,000 more than the list price,\u201d Mr. Lalji said. <\/p>\n

\u201cBut our second-best offer was $50,000 below list. We weren\u2019t able to use the escalation clause, but were happy with $100 over the list price as our final negotiated price.\u201d<\/p>\n

Open this photo in gallery:<\/a><\/p>\n

One of the entertaining areas has a gas fireplace and sliding doors to the deck.<\/p>\n

What they got<\/p>\n

This two-storey house has 2,077 square feet of living space with 10-foot ceilings, plus 941 square feet of space in the finished basement. <\/p>\n

The kitchen is between two entertaining areas, including one with a gas fireplace and sliding doors to the deck and double garage on the 25- by 125-foot lot. <\/p>\n

There are four bathrooms and a laundry room by the three bedrooms upstairs.<\/p>\n

Open this photo in gallery:<\/a><\/p>\n

The agent says ‘$75,000 was spent on the backyard landscaping with interlocking paving stones and a pergola.’<\/p>\n

The agent\u2019s take<\/p>\n

\u201cIt\u2019s a nice, quiet street, adjacent to a lot of good transportation arteries,\u201d Mr. Lalji said. <\/p>\n

\u201cIt also has a west-facing backyard with a lot of sun.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Open this photo in gallery: This two-storey house in Calgary has 2,077 square feet of living space with…\n","protected":false},"author":2,"featured_media":612661,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194293],"tags":[901,49,2798,196376,48,196377,143460,196375,1398,968],"class_list":["post-612660","post","type-post","status-publish","format-standard","has-post-thumbnail","category-calgary","tag-alberta","tag-ca","tag-calgary","tag-calgary-home-sales","tag-canada","tag-done-deals","tag-donedeal","tag-edmonton-home-sales","tag-nodelphi","tag-real-estate"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/612660","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=612660"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/612660\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/612661"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=612660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=612660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=612660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}