Making a low ball offer on a well priced property. Good idea, or bad idea?

Asked by Sergio Hernandez, Naples, FL Thu Oct 7, 2010

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Anna M Brocco, Agent, Williston Park, NY
Sun Oct 10, 2010
If the property is well priced, there is a good chance for multiple offers--and if someone wants the property badly enough, why chance it with a low ball offer.......
1 vote
Kevin Olson,…, Agent, Colorado Springs, CO
Sun Oct 10, 2010
Bad idea. If you know you are low balling it when you know it is well priced what does that say about you as an agent and/or your abilities?
0 votes
Alma Kee, Agent, Tampa, FL
Sun Oct 10, 2010
Depends who owns it and if it's a short sale.

If it's bank owned or a short sale it wouldn't matter, it's a pure business decision, shouldn't be emotional.

On a regular sale, your client may be shooting themselves in the foot because the owner will be so upset that it may harm your negotiation. They may be so annoyed that they may accept an offer from another buyer--even if it's for less money!
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