What is considered a lowball offer?

Rob, low ball=asking price is 10%+ above comps/offer is 10%+ below comps. anything else is an offer.

It depends on where the unit is priced. If it's got an aspirational ask and you come in with an offer in line with comps, then that's not really a low-ball, even if it's low compared with the ask. A true low ball would mean offering far below what comps suggest the unit should trade for.

You need to do your research before making a determination on what 'low' really means with respect to the unit you're interested in.

There's no such thing as a lowball offer ... you offer what you want, seller accepts/declines as he sees fit, to his benefit or detriment. So there are only offers -- accepted offers, rejected offers -- that's all.

A highball offer is much better.

This is considered a highball offer: "Would you like another scotch & soda?"

low ball offer = broker needs the income to pay rent/mortgage.

530 East 72nd street #8AB- do you think 1.7m is a lowball offer for this unit. I think it would be fair based on the comps