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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
 
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38% - Moderately

Low Ball Offer


Synonyms:below fair market value, cheap, chintzy, low offer, lowball, unrealistic price
Filed Under: real-estate
Tags: realty
 

Definition of low ball offer

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

Related Terms and Acronyms:

  • appraisal   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.
  • appraised value   An educated opinion of how much a property is worth.
  • counteroffer   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.
  • current market value (CMV)   The estimated price determined by the recent sale of similar properties.
  • earnest money deposit (EMD)   Money given by a buyer when making a formal offer to demonstrate that the buyer is serious. Also called a deposit.
      ➥  A down payment.
  • fair market value (FMV)   The highest price that a buyer would pay for a property and the lowest price a seller is willing to accept.
  • market value (MV)   Also known as "Fair Market Value." The estimated value of a property which a seller could expect to receive under normal conditions.
  • property value   The worth of a piece of real estate, based on the price a buyer and seller would negotiate.
  • seller's market   Due to either low supply or high demand, the seller can expect to sell quickly with a high sale price.
  • valuation   The estimation of a property's price value through an appraisal.

More Related Terms and Acronyms

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