When you’re looking to purchase a home, is it ever a wise decision to give the seller a lowball offer? By lowballing on the property, you’re giving an offer that’s well under what the seller is currently asking. Sometimes when a seller receives a lowball offer, they may take offense or believe that the buyer isn’t taking the listing seriously. In some cases, however, a lowball offer can lead to successful negotiations with the seller. Before lowballing, make sure you’re aware of market conditions in the area — these could impact whether the seller will engage with your offer. You should also remain respectful and have your real estate agent contact the property’s listing agent. Finally, make sure that your financing is sorted out and attempt to eliminate contingencies wherever possible. Contact us to learn more.
A real estate inspection or home inspection is not an appraisal or a check for compliance with building codes; it’s also not an evaluation of environmental hazards. See the NYS Standards of Practice for more information on the limitations of a home inspection.
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