He may have been disgusted at the offer but it is an offer. I have a buyer who is lowballing people bigtime. He is not an investor, he just wants to build in protection for the downturn he anticipates. Over the past week we submitted 2 offers that were a good 15% below the listed price. In each case there was no response back from the sellers. He is okay with that and he did not mean to insult either seller. He just believes it is going to be a tough road ahead for appreciation so he is building that mitigation into his offer. Also in both of these cases the homes were in very good condition in the low to mid 700’s and he was offering in the low to mid 600’s.
