Most real estate experts encourage buyers to learn about the seller's motivation so they can obtain the best deal possible. For example, a lower price with a speedy escrow may be more acceptable to someone who must move quickly due to a job transfer. People going through a divorce or people who are eager to move into another home are frequently more receptive to lower offers. A seller's advertised price should be treated only as a rough estimate of what they would like to receive. Different sellers price houses very differently.
Some experts discourage making deliberate low-ball offers.
While any offer can be presented to the seller, a low-ball offer can sour a prospective sale and discourage the seller from negotiating at all. And unless the house is extremely overpriced, the offer probably will be rejected anyway. Before making an offer, also investigate how much comparable homes have sold for in the area so that you can determine whether the home is priced right. In some states, no, but in others yes. The majority of people buying a home do not use the services of a real estate attorney - but all do in Wisconsin.