In general, a lowball offer is anything 15% or more of the seller’s asking price. However, this depends on the seller’s perceptions. If a price is at the low end of what a seller hopes for, just about anything could be thought of as low.
That said, making a lowball offer isn’t the end. It’s always better to try!
Talking to a seller’s agent early on can clue you in that a lowball offer is worth making:
Even if none of these situations apply, that doesn’t mean it’s time to give up. Several techniques make buying a house with a modest offer easier. Here’s how you can get it done right:
Consider a lowball offer a golden opportunity: If you move forward with confidence, you might just save yourself tens of thousands of dollars when buying a house. Remember: The worst they can do is say no.