Though it would seem a home buyer has nothing to lose, a low ball bid is a risky thing, real estate agents warn. Not all home sellers welcome any and all offers.
Sellers also share the buyers fondness for striking a good deal.
That, compounded with their emotional attachment to their home, make them impatient with low ball offers. Carey said that she has had clients who felt so resentful of a low offer that they refused to make any counteroffer at all. If they've gone to the trouble to present a low offer, let's see if they're not a serious buyer. Sometimes it works. Carey has seen home sales close successfully after the buyer revised an initial low ball bid to a reasonable offer.