Low Ball
Categories: Trading, Real Estate, Financial Theory
This used to be a nudist colony game. But it ended with winter.
Low ball offers are those that are almost so offensively low that the seller doesn't even reply with a counter-offer. That is, a given seller has listed her home for $423,500 and, with no offers on it in 4 months, a low ball offer comes in at $325,000. Maybe that's the right price (the market is always right, right?) Maybe it's offensively low...a low ball offer from which the seller should walk.
If the seller sells, though, that low ball offer was the "right" price, and the buyer gets a bargain. That's the implication of the term, anyway.