Skip to main content

My realtor is suggesting an offer deadline only 4 days after going on market. Does it make sense to do?

Hi, Reddit newbie here.

I am selling my 1br condo in central Washington, DC. I’m in a desirable location - established neighborhood, close to Metro, etc.

I did some nice/impactful renovations to my unit and while I’m in an older building, my unit has a lot of style and visual appeal and photographed well. However, it is a smaller than average 1br and while it has big windows/lots of light, I don’t have a view.

It went on market Friday and I had six showings today, none on Saturday.

My realtor said he heard from several buyers’ agents asking if there is an offer deadline. He suggests we establish an offer deadline of THIS Tuesday. Apparently one agent said her client was likely to submit an offer. I asked what other feedback he’s gotten but haven’t heard yet.

Is this a good move? I know the market here is pretty hot but feel like six showings in one weekend without seeing how the rest of the week pans out doesn’t quite justify setting an offer deadline SO early. I’m also cognizant that next weekend is a holiday so not sure what traffic will be like.

Part of me feels like maybe my realtor just wants to sell it quickly and be done with it...don’t get me wrong I’d love to have multiple offers but I don’t have evidence yet that that will be the case.

Is it too early to set offer deadline? Does it even make sense to do one?

submitted by /u/newseller1023
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/hhrijt/my_realtor_is_suggesting_an_offer_deadline_only_4/
Labels:

Comments

Post a Comment

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...
Post a Comment
Read more

Looking for Prospective Opportunities to Utilize Floor Plan Redraw Skills

"Hey HomeOwners & Investors , I have a team of 10 professionals who are trained in redrawing/redesign floor plans in both 2D and 3D interior& exterior using floorplanner.com/3ds Max and TruView point cloud. We're looking for prospective opportunities to utilize our skills. Are there any companies or individuals in need of accurate floor plans and measurement reports ? Any suggestions for where to start looking? Thanks in advance for your help!" submitted by /u/mangojuicelife [link] [comments] source https://www.reddit.com/r/RealEstate/comments/119uoh0/looking_for_prospective_opportunities_to_utilize/
Post a Comment
Read more

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/
Post a Comment
Read more