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Reply to "What constitutes a "lowball" offer? and thoughts on negotiation strategies..."
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[quote=Anonymous]We're putting in an offer that would net the seller 90% of asking price. It's been on the market 3 months and they've come down slightly over that time. Would you consider this a lowball offer? It's not in DC, fwiw. Outer outer suburbs in MD where homes are not as hot as we are seeing in the metro DC area. Our realtor has essentially said we are being unrealistic, but we are interested in getting the best price on the house and entering serious negotiations, so I feel that this is one way to test their motivation. My thought is if they say "no way" then we can come back higher, so it doesn't hurt to start low. If we lose out this house, it wouldn't kill me (so I guess you could say I am not a "highly motivated" buyer). I am very interested in making sure we don't overpay on another house again. I learned that lesson in 2006. Thoughts?[/quote]
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