scottwick
Joined 5 years ago
Joined 5 years ago
I wonder if a more "robust" way to handle this would be a custom microcontroller on the receiving end that receives a single Zigbee signal and implements the 200ms delay internally.
Curious to watch https://www.infoq.com/presentations/Pinterest/ at some point.
Say I saw that the triggering offer had a measly deposit and I suspected it of being fake. Would I be on the hook to prove it? Technically if I rescind my offer at this point I lose my own deposit, right?
Assuming you mean the seller here? If I were the seller I too would ignore that kind of offer but first I'd let it push all the other escalation clauses up ;)
In recent years the housing market has been so competitive that escalation clauses are often written into offers. They typically include a base offer of $X and then an agreement to escalate that value by increments (maybe $1-5k at a time) up to some cap. All the offers are collected by a certain date and then an auction is run behind the scenes by the realtors involved.
What's to stop a seller from having one of their friends enter into one of these escalations? Submit a non-serious offer with a high escalation and include a minimal deposit which would be forfeited if that fake offer happens to win but otherwise hope it comes in 2nd to push everyone else's escalation up.
[1] : https://github.com/joerick/pyinstrument [2] : https://github.com/benfred/py-spy