I agree with Delaine that your agent should be helping you with this, but remember the old saying "A bird in the hand is worth 2 in the bush". Assuming the rest of the offer is strong and likely to go to settlement, you have to ask yourself if you are willing to risk getting to settlemnt for the roughly 2% difference.
As for concessions, unless you get a bidding war in the first week on the market, they are a pretty standard in my experience in 22206.
Best of luck!
It depends on what the market is doing in your location and also the price of your condo. Is the condo priced at or above market? How is it priced compared to the assessed value? 3 weeks is not that long. But it's your choice to sell it now or try to hold out for more and risk not getting another offer for who knows how long. Your Realtor should be advising you on this anyway. And you can look at the comps to see how much other units have sold for, etc. In my area concessions are 'normal" as long as they are reasonable.
It appears that any question you might have intended to be included didn't come through in your post. In general, the 22206 area has under 2 months of available inventory, so the market is skewed to a sellers market. Well renovated units are generally providing minimal seller subsidies if any, within the first 7-10 days on the market. With units that haven't been updated or are initially overpriced, you can see subsidies upto about 3%, depending on how you structure the offer.
If this doesn't cover, please give a specific question and I'll do my best to help you with it.
McEnearney Associates, Inc.
Licensed in Virginia
The typical seller subsidy is no greater than 3% of the purchase price. But you can easily confirm with your lender the amount and type of seller subsidy that is allowed for your loan and transaction.
Seller subsidies can be a great option so that buyers can come to the table with only having to pay as little as their down payment.
Best of you luck on your contract and closing!
I am not sure quite what you mean by asking Sellers Concessions? They can be allowed depending on your loan type, and they are found in contracts today. If you provide more details, we can answer better.