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