Lowball Offers on the Rise

[farbet]

WHAT image does the term “lowballer” conjure up for you? A smirking bottom feeder in a bad suit? A fast-talking investor working the phone?

How about a couple of young newlyweds who have saved their wedding cash to put toward their first home?

James and Valentina Sbarra fit the last description, and they are relieved to be able to call themselves successful lowballers. Any nervousness they felt in making a stingy offer — lowballing is typically defined as offering less than 90 percent of a house’s asking price — fell away the minute they struck a deal on their two-bedroom raised ranch in Pawling, N.Y., in Dutchess County. …….

“We kind of took a gamble,” said Mr. Sbarra, a bank manager in Mount Kisco, N.Y. “But it worked out for us.”
It’s like the Wild West out there right now,” said Terry Sciubba, the owner and broker at the Sherlock Homes Realty Corporation in Glen Cove, N.Y., on Long Island. “I do have customers where if a house is listed at $600,000, they’ll put in an offer for $350,000. That really, really happens.”

http://www.nytimes.com/2008/03/16/realestate/16cov.html?_r=1&oref=slogin

[kathleenpl]

Low ball offer accepted in Point Loma 33% off.

http://www.sdlookup.com/MLS-076062646-873_Loma_Valley_Pl_San_Diego_CA_92106

Last listing price 8/30/07 899,000
Sold 3/14/08 600,000.

[kathleenpl]

Low ball offer accepted in Point Loma 33% off.

http://www.sdlookup.com/MLS-076062646-873_Loma_Valley_Pl_San_Diego_CA_92106

Last listing price 8/30/07 899,000
Sold 3/14/08 600,000.

[kathleenpl]

Low ball offer accepted in Point Loma 33% off.

http://www.sdlookup.com/MLS-076062646-873_Loma_Valley_Pl_San_Diego_CA_92106

Last listing price 8/30/07 899,000
Sold 3/14/08 600,000.

[kathleenpl]

Low ball offer accepted in Point Loma 33% off.

http://www.sdlookup.com/MLS-076062646-873_Loma_Valley_Pl_San_Diego_CA_92106

Last listing price 8/30/07 899,000
Sold 3/14/08 600,000.

[kathleenpl]

Low ball offer accepted in Point Loma 33% off.

http://www.sdlookup.com/MLS-076062646-873_Loma_Valley_Pl_San_Diego_CA_92106

Last listing price 8/30/07 899,000
Sold 3/14/08 600,000.

[jpinpb]

Wow!!! That is a score! How did I miss this? I’ve got to start looking in Point Loma more. Hurray for the lowballers!!

Lesson learned: Don’t be afraid to REALLY lowball. The worse they can say is no. If anything, it will help sell to next not so lowballed offer, make it look more attractive.

[jpinpb]

Wow!!! That is a score! How did I miss this? I’ve got to start looking in Point Loma more. Hurray for the lowballers!!

Lesson learned: Don’t be afraid to REALLY lowball. The worse they can say is no. If anything, it will help sell to next not so lowballed offer, make it look more attractive.

[jpinpb]

Wow!!! That is a score! How did I miss this? I’ve got to start looking in Point Loma more. Hurray for the lowballers!!

Lesson learned: Don’t be afraid to REALLY lowball. The worse they can say is no. If anything, it will help sell to next not so lowballed offer, make it look more attractive.

[jpinpb]

Wow!!! That is a score! How did I miss this? I’ve got to start looking in Point Loma more. Hurray for the lowballers!!

Lesson learned: Don’t be afraid to REALLY lowball. The worse they can say is no. If anything, it will help sell to next not so lowballed offer, make it look more attractive.

[jpinpb]

Wow!!! That is a score! How did I miss this? I’ve got to start looking in Point Loma more. Hurray for the lowballers!!

Lesson learned: Don’t be afraid to REALLY lowball. The worse they can say is no. If anything, it will help sell to next not so lowballed offer, make it look more attractive.

[farbet]

Too many spineless “realtors” here.No offense sdr and SD Realtor. How many signs for Open Houses have you seen on a weekend?
These realtors around here want the commission without the legwork. The realtors here are on auto pilot with their fake smiles.
I was in Washington DC area this past month and the hustle by realtors is very impressive.The lowballers are getting the deals.Here you may be lucky if you get the time of the day from some of these !!!

[farbet]

Too many spineless “realtors” here.No offense sdr and SD Realtor. How many signs for Open Houses have you seen on a weekend?
These realtors around here want the commission without the legwork. The realtors here are on auto pilot with their fake smiles.
I was in Washington DC area this past month and the hustle by realtors is very impressive.The lowballers are getting the deals.Here you may be lucky if you get the time of the day from some of these !!!

[farbet]

Too many spineless “realtors” here.No offense sdr and SD Realtor. How many signs for Open Houses have you seen on a weekend?
These realtors around here want the commission without the legwork. The realtors here are on auto pilot with their fake smiles.
I was in Washington DC area this past month and the hustle by realtors is very impressive.The lowballers are getting the deals.Here you may be lucky if you get the time of the day from some of these !!!

[farbet]

Too many spineless “realtors” here.No offense sdr and SD Realtor. How many signs for Open Houses have you seen on a weekend?
These realtors around here want the commission without the legwork. The realtors here are on auto pilot with their fake smiles.
I was in Washington DC area this past month and the hustle by realtors is very impressive.The lowballers are getting the deals.Here you may be lucky if you get the time of the day from some of these !!!

[Author]

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