What's a lowball?

[brucebanner]

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This is something I've been thinki g about because I'm looking to buy a house and in this market, I dont wantto overpay(whatever that means right now).

So theres this house im looking at that needs nothing, has been on the market for 100 days but they want 500k(strathmore). I highly doubt these people are desperate, but i just cant justify 500k for that house in this market.

Definitely having a bit of moral issues with what to offer when its time to make an offer, because i feel like it should be significantly less, but what do I know.

The worst that can happen is they reject the offer. Maybe the don't want to deal with you anymore, if they're that insulted. That's why your realtor is getting paid big bucks.

When we bought our last house, our realtor advised against making my first offer, I didn't listen. It wasn't accepted but we settled on a number that was closer to our offer versus where they advised us to start.

At the end of the day, I'd rather keep more money instead of giving it away to others.

[ZenOps]

Ultimate lowball is a BLM activist coming to your house and demanding it for free. Which many see as legitimate, you can always ask, and you can always reject.

Any old white peeps with no kids want to give me a house? Never got any farmable land, or a ticket to eat lunch at NASA (for obvious reasons)

[zechs]

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If you get infuriated over someone offering a price below what you think is acceptable, I think you should probably adjust your attitude.

Yes, I would.indeed agree with your strawman, if that was what I actually stated. What a dull way to have a conversation.

Killramos, of course that is an entertaining way to obtain the lulz. Unfortunately, both Kijiji and Facebook interfaces are so slow as to be a large timesink just to say a simple no.

[ThePenIsMightier]

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Yes, I would.indeed agree with your strawman, if that was what I actually stated. What a dull way to have a conversation.

Killramos, of course that is an entertaining way to obtain the lulz. Unfortunately, both Kijiji and Facebook interfaces are so slow as to be a large timesink just to say a simple no.

Was he talking to/about you? Is everything about you?
Attitude is sound AF.

[Buster]

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It is not the act of the lowball itself that is infuriating, but the knowledge that the item is priced reasonably versus its comparables and an offer is made anyways.
TLDR; fuck lowballers,

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Yes, I would.indeed agree with your strawman, if that was what I actually stated. .

okay

[The_Rural_Juror]

Is Calgary Honda going bankrupt?

[brucebanner]

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Is Calgary Honda going bankrupt?

Yes, email them and offer to buy all civics at half price, or lower.

[ZenOps]

Thing is, price perception is completely different depending on where you come from. Trying to buy a set of anti-vibration foam pads to put underneath a fridge? $10 retail in Canada, and 17 cents in China. Combustion car to a Tesla investor? Melt value.

People used to pay a months wages for a beaver fur hat. Its what made Canada great. Nowadays its two months wages for purse made of lizard skin.

[g-m]

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A properly priced house in Calgary or Edmonton will sell within 3% of asking and very rarely wander into the 4% discount. I don't think I've seen a single one sell for 5% below asking in over ten years of monitoring properties in a couple different neighborhoods. 10% is a unicorn with a stripper riding it, or, it's someone who asked $620k for a $550k house and you're just another idiot who bought a 2019 domestic truck demo model and "saved thousands".
Also, why did you say "after 60 days" as if that's a long time to have a house for sale? That is not a long time. I think the average is currently over 60 days and I've seen it stretch to 90 days. Properly priced house don't sell in 48 hours.

We bought our current house for 16% under list in late 2018

[ThePenIsMightier]

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We bought our current house for 16% under list in late 2018

My grandma lived to 93 and smoked a pack a day.

[ExtraSlow]

Car listed for $4800. Had two messages late at night for $3000 (with no other words to make me think they cared or were serious) , but had already verbally accepted an offer for $4500.

[The_Rural_Juror]

Looks like you lowballed yourself.

[ExtraSlow]

[ThePenIsMightier]

[Kloubek]

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I have kijidiots in the past ask me for a car to be paid in installments! lol ...... uh huh sure!

Same. I'm not a bank.

[max_boost]

Funke so is a highball the opposite of a lowball?

[JRSC00LUDE]

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My grandma lived to 93 and smoked a pack a day.

When I was a kid I had to walk uphill to school, both ways.

[gwill]

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We have our sylvan lake beach house up for sale a got an offer $60K less than asking ($460k list - $390k offer). Obviously we’re not going to accept that and the house is pretty much free of mortgage, but is that a lowball?

Yes I've watched some small towns go crazy this year on pricing due to covid and everyone wanting an escape. Some places have had land sitting for 5 years that hasn't sold and has finally sold this year. Can't speak to sylvan or if your over priced but assuming your priced right then that's a crazy low ball with what I've seen happen in worst towns/areas.

[ExtraSlow]

If you weren't able to sell your sylvan place this year, what the hell is wrong with it? Great year for selling recreation property.

[gwill]

on the topic of low balls I put up a top of the line hot tub for sale that was 8 months old. I picked it up at a crazy good deal and decided to flip it as hot tubs are a big ticket item right now. I had so many low balls. 25% of what I had it listed for.

Decided to toy with some of the idiots and accept the offer and then sent them to a different house or accepted the low ball offer and went back and forth with questions to only stop responding.

Its funny that the low ballers get a bit pissed when you question if they even have the money. One guy negotiated forever and when we agreed on a price his wife wouldn't let him buy it. Who the hell has time for that.

I sold the hot tub in a week for close to my asking to a guy that was reasonable. He will be able to flip it next year and recoup what he paid or make some $$ if he's patient. Win win for us both.