A low-ball offer is a slang term for an offer that is significantly below the seller’s asking price, or a quote that is deliberately lower than the price the seller intends to charge.
To lowball also means to deliberately give a false estimate for something.
What is considered a lowball offer on poshmark?
Anything 50% or less of asking price is a lowball.
How low is a lowball offer car?
Offer a lowball of around 60%-70% of their price.
How do you make a low ball offer on a house?
When dealing with a low ball offer you can do one of the following:
- Do nothing and tell the buyer the offer is insulting.
- Counter offer over asking price.
- Counter with something minimal.
Is it bad to make a low offer on a house?
It can feel good to negotiate a seller’s price down, and even a small price cut can make a big difference to those monthly mortgage payments. But, if you go in with a lowball offer, you could risk offending the sellers—and having them write you off completely. Buying real estate is all about striking the right balance.