The Weekly Poll: What do you think about lowball offers?
Do yourself a favor and get over there and click on the The Weekly Poll. You’ll be glad you did.
This week’s topic is one I wrote about 2 years ago and one that I’ve once again spent all weekend dealing with: lowball offers. It seems like every offer I get or write these days is a lowball – meaning at least 10% less than list price. Occasionally these offers are accepted or closely countered, but more often than not the buyer winds up coming up on price a good bit or the deal simply falls apart because the seller can’t or won’t go super low.
So what do you think? Are lowball offers a waste of time or the only way you negotiate? Maybe something in between? Cast your vote and let me know what you think.
RESULTS:
Lowball offers are:
- Warranted if a home is overpriced or in poor condition.(69%, 11 Votes)
- Pretty much all sellers are going to get these days. (19%, 3 Votes)
- Usually a waste of time. (6%, 1 Votes)
- A good way to open negotiations. (6%, 1 Votes)
Total Voters: 16
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photo credit: Derek Farr ( DetroitDerek )
Author: Suzy
Hard working Knoxville real estate agent by day. Intrepid Knoxville real estate blogger by night.
I got a lowball offer on my townhouse in Nashville. The bubble was just on the verge of bursting, but I still chose not to negotiate with the person who made the offer. I got a much better offer about a week later, so it was not to my detriment.