Housing prices have surged since the pandemic, leading to high mortgage rates and unaffordability. While buyers may seek lowball offers, success requires strategy. A lowball offer is typically 20% below the asking price, aimed at securing properties at a discount. However, risks include offending sellers and losing properties to higher bids. Factors like market conditions, property time on the market, and comparable prices should guide offers. Research and respectful communication are crucial for successful negotiations.
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