Definition: An offer for substantially less than the seller is asking. That amount can vary depending on the marketplace. Generally speaking, a low-ball is 10% or more below list price and involves some sort of strategic negotiations.
At the time of writing, Elizabeth Weintraub, DRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.
Examples:
Sometimes buyers who can't afford to pay market value make a lot of low-ball offers and end up buying nothing.
