Low Ball Offer

Importance: 0.43

Is a company: no

Is a proper noun: no

Synonyms

  • cheap
  • below fair market value
  • chintzy
  • low offer
  • lowball
  • unrealistic price

Alternate Spellings

  • Low-ball
  • Lowball

Definition of Low Ball Offer

  1. An offer made by a potential buyer that is well below the market bid.

Related Terms and Acronyms

  • Market Value (MV) Acronym, Important,
    • Also known as "Fair Market Value." The estimated value of a property which a seller could expect to receive under normal conditions.
  • Earnest Money Deposit (EMD) Acronym,
    • Money given by a buyer when making a formal offer to demonstrate that the buyer is serious. Also called a deposit.
    A down payment.
  • Backup Offer Definition,
    • A bid for a property that the owner will consider if the current transaction falls through.
  • Valuation Definition,
    • The estimation of a property's price value through an appraisal.
    • The process of finding the worth of an asset or business.
  • Counteroffer Definition,
    • Rejection of a purchase offer by submission of another offer with different terms (such as price or closing date). A step in the negotiating process.
  • Appraised Value Definition,
    • An educated opinion of how much a property is worth.
  • Seller's Market Definition,
    • Due to either low supply or high demand, the seller can expect to sell quickly with a high sale price.
  • Current Market Value (CMV) Acronym,
    • The estimated price determined by the recent sale of similar properties.
  • Property Value Definition,
    • The worth of a piece of real estate, based on the price a buyer and seller would negotiate.
  • Fair Market Value (FMV) Acronym, Very Important,
    • The highest price that a buyer would pay for a property and the lowest price a seller is willing to accept.
  • Appraisal Definition,
    • An estimate of the market value of a piece of real estate made by a competent professional who knows local real estate prices and markets.
  • Bargain Sale Definition,
    • Transfer of property or an item for less than market value.
  • Bidding War Definition,
    • Multiple, competing offers for a piece of property or item that escalate the price. Usually results in a happy seller.
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