LogFAQs > #936275375

YellowMustard69 posted...

Because as a buyer I have no fucking clue how low you're willing to go, and I don't want to take even a 1% chance that I'm paying more than necessary.

How is that so hard to understand? Buyers don't want to get screwed.

And sellers have no clue if the person making the offer is haggling in good faith. It's a waste of time to engage with them if you have a property or item that you're confident would sell well above your floor, especially as people with such low offers also tend to look for nickel and dime things in inspections to try to further lower the price or get additional credits thereby further reducing the amount you can walk away with.

If I was selling a $350k property, and I got two offers for $300k and $330k, I'll flat out say that I'm not even going to respond to the lower one unless the bigger one falls apart, as I doubt that the haggling with either party would make up the difference in the initial offers.

Lowball someone, and you risk getting outright rejected. Tough break.

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Irregardless, for all intensive purposes, I could care less.