Property buyers push lowball offers as listings languish for months
Prospective homebuyers navigating higher mortgage rates are testing vendors by submitting offers well below guide prices on stale listings. While buyers worry about offending vendors, market analysts argue realistic bidding simply reflects current borrowing constraints.
Sources & coverage
AI-assisted summary of the sources above. General information only, not financial advice.
What Reddit is saying: AusPropertyChat commenters argued lowballing is normal negotiation, noting vendors holding stale listings for months will eventually have to discount.
Top comments on r/AusPropertyChat
i think your anxiety is getting the better of you. Don't catastrophsis. Their silence could mean allot of things. It might be they are considering it. They might be away etc. I wouldn't consider 5% under the advertised lowest price as a low ball in this market. Your are the market at this point and its worth what you will pay
"Insulting the vendor" is a fake concept that agents made up to try and scare buyers into making higher offers. This isn't personal - they are selling a house, and you are offering to buy it. It's not a reflection on them as people, or you as a person.
5% under is quite polite as far as I'm concerned. Agents are slow, lazy, unskilled in negotiation or all of the above. They seem to forget that their job is to get a deal done. Too many of them seem to take offers that are too low/not easy as a personal insult, rather than an opportunity to start negotiations. Can't help you with this particular situation specifically, but just remember it's business. You don't need to become best friends with the agent or please the vendor. In this market they should be grateful for any offer. OP don't think of things on such a personal level and be a bit…
From Reddit, ranked by upvotes. These are the views of the people who wrote them, not OzGhosty's.
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