Counter offers are not the norm on “low balls”. But then again that’s not the point. There are other threads on lowballs. I’ll go see if I can find one in a minute. You have to work like crazy for a good lowball project.
“low ball” them all,let them go and check back later… keep looking. You normally wouldn’t lowball then sit back and see if you won the lottery, on one property.
I like low ball strategies because it is a good way of giving fate a chance to work in my favor a chance to strengthen the upside. I did this looking for land to build on in mid to late 2003. I abolutely got a way better deal on the one I purchased compared the ones I got no response on. I offered only 10% lower than a list because I wanted it even at list and the offer was accepted.My neighbor just paid almost three times what I did for a smaller but otherwise similiar lot.
It is hard for a Realtor to work with a random lowball bidder because they can be pretty flakey and sometimes have wierd expectations.It can easily require 15-20 hours a week to do it right. Not a good risk to take on,except for the most trusted clients. http://piggington.com/are_we_scared_or_shy_to_make_low_ball_offers
