It's funny how the word "lowball" can having different effects on buyers and sellers.  For a buyer, the word conjures up images of big time money savings, getting a steal of a deal, and gaining instant equity.  Their eyes turn green, filled with dollar signs and victory. 

For sellers, it's a completely different story.  The word "lowball" creates anger, apprehension, and an automatical distance between themselves and potential buyers, both present and future. While buyers eyes are getting heavy with green paper with varying president's faces on them, sellers eyes turn red, due to the brick walls that are immediately built within them. 

Lowball offers CAN work out for everyone involved. Though rare, there are instances where buyers will offer a significantly below asking price purchase price, and seller will accept.  

Whenever I am presented with the idea of submitting a "lowball offer" by a potential buyer, more times than not it is because the potential buyer realizes that the home has been sitting on the market for a while, and assumes that the seller must be frustrated by not having sold the property quicker, therefore is desperate and would be willing to accept a low offer. 

Not necessarily......

This week, I did a 1 minute video where I talk a little about this, and why the notion of "lowball offer" and "high days on market" don't necessarily go together. 

Enjoy!