I define "low ball" as low compared to market value; not low compared to list price.
List prices can be all over the place, so if your offer seems low compared to list, but is actually where the pricing justifiably should be than it's not a "low ball" at all and you shouldn't be afraid to make it.
Chances are slim it'll work anyway, but you have no harm in trying and complete justification based on the market.
Having said that, often buyers want to low ball on good list prices and think the home is over priced when it really isn't. If they're getting a lot of interest and it's just on market, maybe it's not as overpriced as you are thinking?
|