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If you learn to read the signals, you just might find sellers who are amenable to an offer below asking price. To be clear: Real estate pros warn against extremely lowball offers (typically more than 15% below listing price) because you might offend the sellers—even if the home’s been on the market for months.Should you ever make a lowball offer on a house?
To be clear: Real estate pros warn against extremely lowball offers (typically more than 15% below listing price) because you might offend the sellers—even if the home’s been on the market for months. Strategize with your agent to determine both how far under listing price you’re comfortable going, and what you think the sellers might respond to.What makes a seller accept a lower offer on a house?
Not only that, if the house has been on the market for more than six months, the seller is more likely to accept a lower offer. The condition of the home is also another big negotiation point.Why would a listing agent list a house $10K over value?
This happens a lot in a buyer’s market simply because buyers have so many options — some of which might be priced a bit lower than others. Riley shares an insider tip: “Typically, a listing agent will list the house $10,000 over market value because they already think that the buyer will want to negotiate.