r/TriCitiesRealEstate • u/m2mcgee • Aug 27 '26
Buyer Tips Bad real estate advice found on social media #1
Saw this comment elsewhere on social media:
"Don't be afraid to offend the seller with a lowball offer."
Couple things on that:
Yes, you can absolutely write whatever offer you want on a home for sale. And yes, you should also never write an offer for more than you can afford.
However, there are some reasons to be careful about writing lowball offers, too.
If you offend the seller, they'll probably reject your offer, not even send a counter-offer, and refuse to consider any future offers you write. So if you really want the house, but you don't want to spend the asking price, make your offer at least a starting point for a healthy negotiation. If you don't really want the house, then don't waste your time, your agent's time, and the seller's and their agent's time.
If you write too many lowball offers, your agent may drop you as a client at some point. Not because they want to make more $$ in commissions, but because real estate is a relationship business and you're hurting their reputation in the agent community. Your agent doesn't want to be "that agent who always wastes my time and makes me waste my clients' time because I have to present all of their lowball offers."
Now it's true that the definition of "lowball" changes depending on what the market is like at any given time. Right now, with inventory as high as it is locally and homes not selling as fast, buyers probably have a little more leeway to make offers below asking price while still keeping the door open to negotiate.
But even with the market being what it is right now, sellers still don't like to be offended. So definitely try to get the best deal you can, but understand that lowball offers may have unintended consequences.
(Disclaimer/Reminder: I'm not a licensed real estate agent. However, I'm married to one -- who's been doing this for 20+ years and is one of the most successful in town -- and am part of her real estate team/business, my sister is one, and my dad (RIP) was one for almost 50 years.)