“The whole low ball offer is in my opinion a complete waste of time.”
What do you consider a low ball Ray?
The art and labor of low-balling are demanding but offering 10%-20% under asking is a valuable strategy, done properly. If I were buying now and at least until it becomes a “seller’s” market I would almost exclusively write offers with a target of 10%- 20% under comps . I agree that offering 30%-50% below is a waste of time. Most the time writing anything past 20% is too and sometimes it is just a waste of time to bid on a property even at list price . It is a matter having the pulse on the target area and type of property and taking worthwhile chances, realizing rejection(no response really) is the norm but good results can be had.
