Three things in wrapping this week up in digestible bites. And, when you make your way down to the stats portion, I ask you – what is your goal in “sides” in 2025? Despite the data showing leaner years in “sides” – I’ll suggest the “sides” are in the market for you. They will not be handed to anyone. This is where we win – with intentionality in working “on” and “in” the business with remarkable professionalism. It’s what makes us, us.

In partnership with you, let’s go find the opportunities. There is always a market – get super clear on your goal and double down on your focus there. – Laura

On January 28th, the Escalation Addendum (NWMLSL Form 35E) and related notices will be updated to include tools for calculating the escalated purchase price.

The revisions will clarify the escalation formula and will include a calculator in the notice forms to compute the new purchase price. The Financial Tools site on NWMLS.com will add a Form 35E Escalation Calculator to allow listing brokers to compute and compare multiple escalated offers before completing the Notice of New Purchase Price (Form 35EC).

Watch the training video now available located upon logging onto NWMLS – click on the tile named “Revisions to the Escalation Addendum (Form 35E)” and scroll down to the video (15 minutes). Offices will naturally be focused on these changes, yet together we can begin to get ahead of these pivots.

Sample copies of these revised forms are available for review purposes only.

As an overview, the three escalation forms will function as follows:

• Form 35E (Escalation Addendum) – Buyer specifies the escalation amount and the maximum purchase price, and buyer agrees to the escalation calculation formula described at the end of Form 35E. 
• Form 35EC (Notice of New Purchase Price) – This is a new form. To accept a buyer’s offer with its escalated price, Seller delivers (1) seller’s countersigned PSA docs, including buyer’s Form 35E, (2) Form 35EC with the new purchase price, and (3) a copy of the Competing Offer.
• Form 35EN (Escalation Addendum Notice) – If buyer disputes whether the new purchase price was properly escalated, buyer sends notice using Form 35EN. Form 35EN contains the same notice options that are in the current version of the form. Form 35EN now also includes a calculator for buyer to recalculate the new purchase price, if applicable.

Interested in learning more about the Seattle Chamber of Connection (we are the pilot city) – here is a link to dive in. I am volunteering my time this year to see if we can help melt the “Seattle freeze” for newcomers and assist in mapping out their first year(s) in their new city!

Have a wonderful weekend in work & play! If you see two crazy paddling sisters out on Lake Washington tomorrow – yes, that will be my sister and me. Just keep paddling! – Laura