I'm striking out. There are two phrases in my real estate vocabulary that are being eliminated. They serve no useful purpose, are not accurate, and do not help in getting a transaction completed.
Over-Priced
Since the Seller has control of the asset, and the right to sell, whatever price they want should initially be considered reasonable. However, this being a free market, the Buyer gets a vote in determining if the asking price is reasonable to them. If, after looking at what other reasonable Buyers paid for similar properties the Seller decides another amount to offer, it's not because the property is over-priced. It's because the market does not support the the Seller's asking price. Over-priced is a loaded term and does not help get to a good solution, for either party. I'm sending that term to the dugout.
Low Ball Offer
This is the reverse of over-priced. The Buyer, in reacting to the asking price, may submit an offer less than the asking price. It could be significantly less than the asking price. Now some Seller's react to a low offer rashly-"I'll see you in hell before I'll sell for that." But this is a free market and the Buyer may offer whatever amount they deem appropriate. It is left to the Seller to accept or reject the offer. It could be that the market will find the Buyers offer too low to be accepted. It's not a low ball offer, but an offer below market expectations. Low-ball offer is another loaded term not helpful in getting a deal done.
Some may think these just euphemisms, but language and attitudes can be the difference in getting to an agreement or negotiations falling apart.
So I'm striking those two terms, over-priced and low ball offer.
Call on me to help you get your real estate needs met.
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