Five Tips on Low Ball Offers

That's a good list of tidgits Cindy, and some bank owned homes that are priced to sell get multiple offers and eventually sell over the ask.

Goo afternoon Cindy,

Great list that agents and buyers should take into account when making offers!

Hi Cindy, I have not met a listing agent yet, who likes to receive a "low ball" offer. It usually makes those sellers angry, and they may even choose not to even counter-offer, which is really what those low ballers are hoping the sellers will do.  Choosing a good buyer's agent, who knows the market, and can determine an accurate price for the home, will save those buyers a lot of negotiating time.

Love these tips!  Dealing with a buyer right now who thinks one will work and it's very frustrating for everyone. 

Say it again sister!  You can change the location on this, but it's true all over.  Good post! 

Cindy, we are seeing most of the Fannie Mae and HUD homes priced to sell at current market price for their condition,and they are now only taking offers at 95% plus of list price and the buyers that can't adjust to that are losing out on the offers. 

2009 and 2010 are behind us now!

Cindy, There's QUITE the tightrope to be walked. Your area buyers need to get a VERY qualified agent like yourself to represent them if they have hopes of getting that supreme deal.

Hi Cindy..How true!  That's why a knowledgable Realtor® is so helpful.

Kate

Oh Cindy what a really good post.  I am so disappointed with the number of low ball offers we are seeing people make.  Your post really nails it.  A properly priced home is going to sell for between 95% to 97% of list price and buyers who submit offers of  85% of list price are just digging a hole for themselves.  Great stuff.

Cindy - I've always known what a lowball offer is - now I now exactly what it is - lower than 90% of the asking price. I learn something new on AR everyday - thanks for the infor!

I think I have one tip on low ball offers - don't  :)

Good post Cindy, I had missed it. I find that with some buyers who want to low-ball everything because it is a "Buyers Market" have to loose a home before making a fair value offer.

Cindy ~ so so true in any city.  A good agent will find the value of the home before writing an offer and educate the buyer.  I always tell the buyer to place themselves in the sellers shoes and would they accept their offer.

Cindy, great advice. After writing 3 low ball offers for my client, I asked him to find another agent. I couldn't face any more insulted sellers, especially the last ones, with an immaculate house and hope of finding someone who would love their house as much as they did.

I don't know why this jewel didn't get featured.  It's a great read.,, and super good advice for buyers wanting to make an offer.

This is truly wonderful advice for both buyers and sellers.

I love it! “If you truly want the home, don’t go there.” People should listen!

By the way, you have a shout-out in my latest blog post.

Hi Cindy,

18 comments!

I wonder if other buyers are trying to get the "steal of the century" as well!

Thanks for the post.

Phil

Hmm... I have seen several reasons to offer less than asking. Often properties are still priced way high, which is a reason to do comps before making an offer and send it along.

With that out of the way, your tips are excellent for properly priced homes. Thanks