Comparing low-ballers to bottom-feeders in one line is kind of shady when he doesn't define low-ballers. Is a low-baller someone who offers a fair price on an overpriced home? Do low-ball offers really drag down the price of real estate? So a year from now if housing has declined further is he going to say it was because of all the low-ballers? From the article:
Kent thinks it could take up to four months to sell the foreclosed properties in his listing book, particularly those that appeal to "low-ballers" and "bottom-feeders" willing to wait in order to pressure lenders into taking just 50 cents to 75 cents on the dollar for the homes.
For those homeowners fearing that the "low-ballers" and banks trying to unload foreclosed homes will sap the value of their own properties, Kent suggested that residents could band together to watch out for a property.
