How do you handle multiple offers on a property?

I was recently asked this question?  The way it should be handled, in my opinion, to be fair to all parties is to inform all parties of the situation and to ask for their best and final offer as far as price and terms.  I am not saying this is always how it is done but it should be the way.

Picture is of the living room view of a new rental listing we have in Windward East.  The unit is a 3/2 sand dollar with brand new carpets and laminate floors.  The unit is unfurnished and will make someone a wonderful home for the long run.

The unit in Windrush that is a direct ocean 2/2 with 1444 sq ft has closed for $273,500.  The unit was only on the market for 19 days.  This condo was on the 6th floor with great views.  The big difference between Windrush and Windward East is the monthlies, Windrush is $390 and Windward is $335.

Enjoy the boat races and car show!

Jim Bagwell

Boat races Cocoa Beach this weekend

Although good for the economy, get ready for that crazy traffic.  Lets hope we have a sunny weekend with no wind!

Nothing new in our complexes except that the 5th floor side unit in Windrush closed for $199,500, the unit was listed for $200,000 with 2 bedrooms 2 baths.

Interesting to note that on MLS, there are no new construction ocean front condos on the market.  The closest is the site between Minuteman and N. 1st st.  They are planning to build a new small complex if they can sell enough pre-contruction units, the one that is listed is a 2/2 unit with 895 sq ft, direct ocean and listed at $277,000.  If you will remember this is the site where the complex was so severely damaged in the hurricanes that they tore it down.

Enjoy the day!

Jim Bagwell 

"Eight day a week"

"Is not enough to show I care"  The Beatles

It seems like we have been working eight days a week lately. 
Picture is the balcony view from a Windward East unit that my wife is closing today.

We have reached the point in the market that we are now back to multiple offers on nice well priced units that are located on the beach.

In our 4 complexes there are only 6 active condos.  One in 2100 Towers, two in Windward East and three in Windrush.  There are now 4 under contract in the complexes, 3 in Windrush and 1 in The Diplomat.  The Windward East unit closes today for $175,000, this was a good price for buyer and seller for a top floor unit with 1 bedroom and 1 bath.

Walker Bagwell Properties have done their part.  Sales meeting this week showed 7 contracts on the board.  I do love weeks like that.

Enjoy the day!

Jim Bagwell