Offering 10% under the asking price isnt necessarily a lowball offer. A lowball offer is typically considered at least 20% below the asking price. If youre offering 10% below, the property should be in good condition but may need some cosmetic work.
Is 10% off a lowball?
Typically, lowball offers are somewhere between 10% and 30% below asking, but that can change depending on the market, the homes condition, and how long its been sitting on the market.
When to offer 10% below asking price?
A lowball offer is considered a bid that comes in docHubly below the asking price, typically 20% to 25% less than or more than the asking price. There is no hard rule, but if it makes a seller say, Really? then you have most likely entered lowball territory.
What is an offer in real estate?
A lowball offer is considered a bid that comes in docHubly below the asking price, typically 20% to 25% less than or more than the asking price. There is no hard rule, but if it makes a seller say, Really? then you have most likely entered lowball territory. It isnt always a bad move.
Is 10% off a lowball offer?
If youre confident, well-researched, and supported by legal or flat-fee professionals, you can absolutely make a strong offer without a buyers agent. Just know the risks, protect yourself with smart contingencies, and dont be afraid to call in expert help where needed.
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