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What if the house is 30% overpriced?
That 20% under might be a "Top Dollar" offer.
Better to work offers than to categorize them, I think.
I am not talking about 'low ball' as an objective criteria, per se. But what you can term as 'low ball' with respect to original pricing. That doesn't mean it's actually too low.
I am not talking about 'low ball' as an objective criteria, per se. But what you can term as 'low ball' with respect to original pricing. That doesn't mean it's actually too low.
I just think it is a pointless exercise to bring the term into an inquiry and offer.
It is useful as a slang term, later, when one may say, "We finally are under contract. We had a lowball offer early, and couldn't get anywhere with it, but we got one we could work with over the weekend."
And one can interpret "lowball" as they care to at that point. It won't impact on negotiations.
But, the OP asked, "Do you really get offended or angry about lowball offers?"
We are talking immaturity at that point, and the best response is, "There is no such thing as a lowball offer."
I tell my clients, "If someone offers 8 bucks and a ham sandwich, I am going to bring it to you, and you are not allowed to get angry." We will follow it through until it is clear there is no viability to the offer.
Wednesday, I think I said, "...a buck and a slice of pizza..." Got off script....
I agree.
An offer is an offer and should be treated as such.
Either it's something you think you can work with or it isn't.
You're not supposed to take a business transaction personally.
I don't even associate the term "low ball" with asking price. I associate it with market value.
I agree with you but you have to understand that sellers have their houses priced at what they consider market value. These sellers have their house priced in the mid $700s when nothing in their immediate area has sold for more than the mid $500s in quite a while.
They are located in a planned community where there are many comparable homes. Their house would sell nearly instantly if they priced at $575K. So while you would not consider an opening offer of $560K a lowball offer, chances are these sellers would.
I agree with you but you have to understand that sellers have their houses priced at what they consider market value. These sellers have their house priced in the mid $700s when nothing in their immediate area has sold for more than the mid $500s in quite a while.
They are located in a planned community where there are many comparable homes. Their house would sell nearly instantly if they priced at $575K. So while you would not consider an opening offer of $560K a lowball offer, chances are these sellers would.
So, should they prefer wallowing in "offense and anger" to selling?
They are putting themselves through a lot of unnecessary crud if they are not willing to discuss selling their home.
I definitely realize that the seller who has their home over priced is not going to have the same perspective as a buyer. I was looking at it from a buyer's perspective only.
I agree with you but you have to understand that sellers have their houses priced at what they consider market value. These sellers have their house priced in the mid $700s when nothing in their immediate area has sold for more than the mid $500s in quite a while.
They are located in a planned community where there are many comparable homes. Their house would sell nearly instantly if they priced at $575K. So while you would not consider an opening offer of $560K a lowball offer, chances are these sellers would.
One extremely common way to "fail to establish productive dialogue" is to bring attitude or emotion to the bargaining table.
Since there is no such thing, the offer of $5000 is not a LOWBALL offer.
Please don't misunderstand me (and I'm NOT here to argue or cause any hard feelings), but what does.....
("One extremely common way to 'fail to establish productive dialogue' is to bring attitude or emotion to the bargaining table.")
..... have to do with defining a "LOWBALL" offer? Absolutely Nothing!
In addition, making the statement: "Since there is no such thing, the offer of $5000 is not a 'LOWBALL' offer."
I realize my example of $500k/$5k was at a extreme and ridiculous, but saying it was NOT a "LOWBALL" offer was even a more ridiculous statement.
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Big D Geek said in part..
Quote:
Originally Posted by BigDGeek
I agree. When I was selling my last house it was sometimes a little frustrating when the LOWBALL offers came in..
Am I missing something here? First you agree with "MikeJaquish" that there's NO such thing as a "LOWBALL" offer.. yet you say you were frustrated because of them. You can't have it both ways. Either they were "LOWBALL" offers.. or they weren't.
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Mike Jaquish said in part..
Quote:
Originally Posted by MikeJaquish
We had a LOWBALL offer early, and couldn't get anywhere with it..
Now you really do confuse me. Previously you said "there's NO such thing as a 'LOWBALL' offer".. but yet in the quoted example above you're saying there is. Make up your mind. As I told "Big D Geek": "You can't have it both ways. Either there are.. or there aren't."
You also said (in part) in your last post..
Quote:
Originally Posted by MikeJaquish
They are putting themselves through a lot of unnecessary crud if they are not willing to discuss selling their home.
There's a B I G difference between having a discussion about the sale of a home.. and a buyer offering a price to buy soo low that it's beyond the point of being overly ridiculous. I can't believe you can't see that.
Country Cowboy
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I Don't Understand Your Reasoning..
