Realtor - Amanda S. Davidson

What’s The Best Way To Handle Multiple Offers On My Kingstowne Home?

What’s The Best Way To Handle Multiple Offers On My Kingstowne Home?
Multiple offer situations are something some sellers dream about and something other sellers have happen and then have nightmares about. Let’s talk about multiple offer situations as a seller and how to handle them on your Kingstowne home.

If you follow our listings you know that many of the sellers we represent have ended up with a bidding war on their home and gotten more than the asking price. While it doesn’t happen every time it can often be common in a market like we’re in today. Prices are rising and there’s a lack of supply in certain neighborhoods and when there’s a lack of supply but, not a lack of demand multiple offers occur. As a seller it can put you in a tough spot and it takes making the right plan with your agent to successfully navigate the multiple offer waters. We consult with our sellers and go over their options but, it’s ultimately the seller’s choice on how to handle a multiple offer situation.

 

 Multiple Offers on Your Kingstowne Home

 

Highest and Best - we give all of the agents who have submitted an offer for their buyers notice that there’s a specific date and time in which they need to submit their highest and best offer.

Pick One Offer – you can review all of the offers received and counter the offer you like best.

Narrowing Down Offers – you can narrow your choices down to two offers and pit them against each other.

 

Working with an agent who has experience with multiple offers is the best route to take. It’s tough on buyers and their agents to be competing with other offers and having an agent who handles the situation professionally is a must. A backup offer could be taken in case the first offer falls through and it’s imperative the listing agent treat the buyer agents with respect; communication is key. If you need to come back to them later and ask if their buyer is still interested you want the lines of communication to be wide open.

Bottom line, there’s no right or wrong when selecting the best offer. Cash is often referred to as king but, that’s not the case for all sellers. For some sellers it’s about working with a buyer who is planning to live in the home for years or start a family there. There’s no requirement for a seller to work with the highest offer. It’s their decision to work with whatever offer they feel is the best. We do often recommend a highest and best deadline but, that’s not right for all of our sellers and we work with their unique needs to take the path that’s best for them. 

 

 

 

 

Amanda Davidson Real Estate Group

 

 

      

 

Amanda Davidson

Amanda Davidson Real Estate Group

Broker - Owner
Licensed in VA and DC

5680 King Centre Drive #600
Alexandria, VA 22315

Cell: 703.431.3755
Fax: 703.562.7057




Comment balloon 18 commentsAmanda S. Davidson • February 09 2017 06:53PM
What’s The Best Way To Handle Multiple Offers On My Kingstowne Home?
share
What’s The Best Way To Handle Multiple Offers On My Kingstowne Home? Multiple offer situations are something some sellers dream about and something other sellers have happen and then have nightmares about. Let’s talk about multiple offer situations… more
Forty Six Hundred in Alexandria Virginia 22304 - Sold and Closed
share
Forty Six Hundred in Alexandria Virginia 22304 - Sold and Closed 4600 Duke Street #521 Alexandria, Virginia 22304 After receiving multiple offers unit 521 in the Forty Six Hundred condos located on Duke Street is now sold and closed. We were able… more
Chancery of Kingstowne Alexandria, Va 22315 – Market Update 1. 23. 17
share
Chancery of Kingstowne Alexandria, Va 22315 – Market Update 1. 23. 17 The Chancery of Kingstowne condo community is located in Alexandria Virginia 22315. Constructed between 1995 and 1998 the neighborhood consists of 170 condos in 13 buildings. The… more
Amberleigh Subdivision Alexandria, Virginia 22315 Market Update 1. 18…
share
Amberleigh Subdivision Alexandria, Virginia 22315 - Market Update 1. 18. 17 The Amberleigh neighborhood is located in Alexandria off of Beulah Road. The tree lined streets provide a peaceful setting and privacy all while being just 5 minutes from… more
Eton Square Condos in Alexandria, Virginia 22315 Market Update 1. 12. 17
share
Eton Square Condos in Alexandria, Virginia 22315 Market Update 1. 12. 17 Eton Square condos are located in the Kingstowne area of Alexandria. Eton Square is home to garden style condos with one and two level floorplans. There are 1 bedroom and 2… more
3 Tips For Staging Your Home For Sale
share
3 Tips For Staging Your Home For Sale It’s true that potential buyers decide whether or not they will buy a home within the first minute or two of entering the property. With that said you don’t need to go into “HGTV mode” to stage your home for… more
Founders Walk Alexandria, Virginia 22310 Market Update 1. 9. 17
share
Founders Walk Alexandria, Virginia 22310 Market Update 1. 9. 17 Founders Walk is home to 201 garden style condos that were built between 1998 and 2000. The floor plans in the neighborhood range from 2 bedrooms 2 baths and go up to 3 bedrooms and 3… more
Homes for Sale in Cameron Station Alexandria, Virginia 22304
share
Homes for Sale in Cameron Station Alexandria, Virginia 22304 Cameron Station is located off Duke Street in the west end of Alexandria. Composed of single family, townhomes, and condominiums the community was designed with an old fashioned American… more
Sold and Closed in Westwater Point Springfield, Virginia 22153
share
Sold and Closed in Westwater Point Springfield, Virginia 22153 Sold: 7478 Westcreek Ct Springfield, Virginia 22153 7478 Westcreek Ct in Springfield Virginia is now sold after being on the market for just a week. This end unit townhome is completely… more
ActiveRain Photography Contest – Main Listing Photo Arlington Virginia
share
ActiveRain Photography Contest – Main Listing Photo Arlington, Virginia This photo has always been one of my favorites. It depicts what so many homes look like in Arlington and I think shows just how charming the Arlington area is. I remember… more