lowball offer

i think one should always lowball. remember: if they're not insulted, you overpaid.

Yes. Do not listen to any broker who advises against such an offer, especially if you are planning to pay in cash. These days, and for some time going forward, I would expect a cash deal to get an additional 5-10% off any additional low price that you can negotiate.

My friend just lowballed 18% off a fidi - and got an acceptance. 2 weeks ago they dissed the offer and countered with 13% off

My friend just lowballed 18% off a fidi - and got an acceptance. 2 weeks ago they dissed the offer and countered with 13% off

cccharley - your friend should walk.

I told him to wait
. Wants the 2 br. PSF is pretty low but still it's a bad time to buy

Define "lowball." Isn't it relative to the asking price? If asking price is already quite realistic and positioned to move, it isn't the same situation as someone who starts off asking an absurb reach-for-the-stars price.

In this market, as always, you do not understand how to negotiate and buy real estate if you ask this question. Instead, you determine the worth of the apartment to you, and you decide on a negotiating strategy that will hopefully result in a meeting of the minds at the price you have already decided you are willing to pay. The asking price is just a factor in that strategy; it has nothing to do with what you think the place is worth to you.

Hi,

Being admittedly new to the real estate world, could the following happen by putting in a low ball offer. It gets accepted, then a week before closing the seller gets an offer closer to the original price?

No. Once you are in contract, the seller must go through with the sale if you comply with all contract conditions. Until the contract is signed, however, anything is possible since none of the parties is yet bound to the other.