Asked by Susan, San Francisco, CA • Fri Nov 30, 2007
It seems like there is a lot of talk about buyers making lowball offers and worrying about offending sellers.
If the area is in a downward cycle, and the house has been sitting on the market for 1-6 months with only modest price adjustments, and a buyer makes an offer for what they think the house is worth (which may be as much as 20-30% off the list price), why is this considered lowball? Isnt it just being realistic?
I would assume a seller would be "offended" by any price offered below listing, otherwise they would price their house correctly and it would have sold already. When the prices were going up 2001-2006, did sellers care about offending buyers when they rejected offers that werent above asking? I dont think so.
Should offending a seller even be a concern for the buyer?
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