couple looking at papers

The Smart Approach to Low Balling an Offer


Home sellers are always happy to see you if you’re a potential buyer; however, they may not be very happy if you try to cut a “low ball” deal. Here are some ways to approach a seller and make a low ball offer without blowing the deal.

Know the territory: Have your agent conduct a thorough comparative analysis to pinpoint the fair market value. Some markets are better suited for aggressive offers than others. Know which way the market is going and, if it’s more of a seller’s market, consider looking elsewhere.

Match your agent to the market: Agents who are not familiar with the market you are looking in may be hesitant to be too aggressive for fear of losing their commission. Agents who really know the market will know what the boundaries are for price offers, and they will also know which properties are more overlooked which may be more amenable for a low-ball offer.

Justify your offer: If you just go in and throw low ball offers around, the sellers may not only get offended, they won’t think you’re very serious. Be very specific about why you set your offer as low as you did – show comps, point out property or neighborhood deficiencies, etc. If you can validate your offer, the seller may be more inclined to negotiate.

Make a straightforward: You need to make it easy for the seller to say yes. Eliminate contingencies, go in clean, without a home to sell, and have your loan lined up.

Personal – Homebuying and Refinancing

Ready to explore how Sunflower Bank can assist you? Speak to a personal banker at a branch near you, contact a specialist on our Wealth Management team, or find the right financial partner on our Commercial Banking team for your business needs. 

Back to Resource Articles

This article contains general information only. Sunflower Bank is not, by means of this article, rendering accounting, financial, investment, legal, tax, or other professional advice or services. This article is not a substitute for such professional advice or services, before making any decisions related to these matters, you should consult a qualified professional advisor.