Why Low Ball Offers Don't Work & Can Be Detrimental
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When it comes to buying a home, sometimes potential buyers make lowball offers on real estate home listings in hopes of snagging a deal. However, while lowball offers may seem like a smart move, they rarely work, and can actually be detrimental to everyone involved in the real estate transaction. In this blog, we'll explore the reasons why lowball offers don't work, why they can be offensive to sellers, and why they demonstrate a lack of confidence in the real estate market.
First, let's define what a lowball offer is. A lowball offer is an offer made on a property that is significantly lower than the asking price or the market value of the property. For example, if a potential buyer offers 15% below list price or lower, that would be considered a…
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