Offering Less on a House... How to Negotiate & Lowball Like a Pro! | Home Buyer Tips

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Today we are talking about a lowball offer, which is basically an offer price that is less than the list price. Most listing agents will at least encourage their seller clients to counter an offer like this, but sometimes the sellers get so offended that they don't even want to work with the buyer at all and just take the offer really personally. Today, we are sharing a few steps you can take to UP the odds that your low offer will be accepted or at least that it will get a counter!
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[@cassandrareutov1099]

Spencer: I feel like we have always over paid Mariah: WHO CARES Hahaha 😂🙏🏽 I love this

[@newbudget4343]

House was purchased for $693,000 in 2020, today its on sale for $1.1 million. If i were to offer $750K, I don't consider that a low offer. I consider it a realistic offer. But i guess im wrong and it makes sense for a homes value to increase by so much in simply 2 years. Especially a house that needs carpets changed, a new fence installed...

[@realestatewithmariahandspe880]

It is insane how much homes have appreciated year over year the past couple years.. in many areas almost 20% in one year. This year we are predicting that appreciation will slow & only go up about 3% or so a year (which is much healthier for the market) but we will see, nobody really knows for sure😅

[@prayonkreutz2398]

I have been looking at the analytics. How long has the owner owned the property, did they buy it in the over inflated market, how many improvements has the current owner put into the property, what are the comps for that property, How many times has the owner put their property on the market & taken it down, If they have put their property on the market, were they flexible in their listing price, did they drop the price, why did they take it off the market? was it not selling. How many offers have they had, why did those offer fall through- was it because of the seller- or, the buyer or did it not appraise?? When interest rates are as high as they are & probably going up- then house prices NEED to come down. If you are buying a property at a high interest rate at the over inflated asking price, well- either you are desperate or a fool.

[@realestatewithmariahandspe880]

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[@realestatewithmariahandspe880]

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[@jeremyjordan1094]

What would you call a low ball offer right now?

[@realestatewithmariahandspe880]

Hey! Great question, that is very situational because every house is so different. It really depends on the price range and how many days the home has been on market. However, even though yes we are seeing more under ask price offers being accepted, I would consider $20k under a lowball still!