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Low-ball Offers a Thing of the Past?
Last year, 10 percent of REALTORS complained about receiving low-ball offers on listed homes–offers usually submitted by the buyer for 25 percent or more below the list price, according to an NAR survey. But that number has dropped drastically.

According to a March ’12 survey, of 4,500 agents and brokers, no REALTORS complained about low-ball offers. The main problem nowadays: The sudden drop in inventory of for-sale homes has led to fewer homes available to sell.

For home buyers who still think they have a chance of hitting it lucky with a low-ball offer, they’re finding in many markets that their offers are more often being rejected or countered closer to the original asking price. The reason? Home are coming on the market more realistically priced.

Source: NAR