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What is considered a lowball offer to you?

What do you personally think would be considered a lowball offer? If you're a realtor, what is your experience with what sellers perceive to be low-ball offers? Does it have more to do with the percentage off the asking price, or the actual dollar amount?

It seems that as home values go up, people still perceive specific dollar amounts below asking price to be insulting. For example, offering $50k less than asking on a $250k house is 20% off but it's roughly only 7% off a $650k house. However, it seems sellers have the same visceral reaction to the dollar amount requested off regardless of asking price.

submitted by /u/BellLopsided2502
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1u1ge1f/what_is_considered_a_lowball_offer_to_you/
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