We generally see investors make a lot of low-ball offers. They don't care if they get the house or not, on to the next if their offer is rejected.
Buyers that are planning on living in the home, they want to write an offer on, usually are more readily open to NOT writing a low-ball offer. They want to get the house so they certainly want to get their offer accepted.
But, when should you consider making an offer well below the Sellers list price? We, your agents, will always provide you with a market analysis of what the home you have fallen in love with is 'worth'. What it's market value truly is.
1) If the property just hit the market & is listed at the correct market value ~ don't do it.
2) If the property has been on the market for a while ~ maybe do it.
3) If the property is overpriced ~ do it.
The biggest issue is, of course, the Seller. They priced their home where they wanted to sell it. Are they motivated to truly sell their home? Will you offend them if you write a low offer? Have they done any price reductions since listed?
For a buyer, are you willing to lose the home you want by writing a low offer. Most contracts have an appraisal contingency and that will help you if it's overpriced. It, of course, depends on how your agent wrote the offer on the buyers behalf.
Honestly, the most important thing is to listen to us, your Realtors. We know precisely what is happening in the market. We can find out things you can't. We will guide you on how to get the home of your choice for the best price possible. That's just part of what we do, but we do it very well.
If you have more questions about this topic, or any other real estate topic, just reach out.
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