So this house has been on the market since early February (about 3 months now). Originally it was listed at 205k and sat until 4/13/26 when they dropped it to 195k. 3 days later down 5K. 1 week later down 10k. Then maybe 2 weeks and we’re down to 165k. This place is DROPPING.
I mean 40k drop is crazy right? Honestly we still are ever so slightly out of our range for pricing and affordability and we’re thinking more of a starter home for like 155k or less. This place used to be a rental and it’s clearly owned by a large corporation that rents MANY homes and apartments in this area s I feel like they are desperate to get rid of it. No one has put an offer in well after the recent 15k drop.
There isn’t any gutters. The AC unit needs replaced. The floors needs replaced or deep cleaned as it has some dog urine smell to it. Some “landlord special” things going on that we could work on slowly. But overall it’s a solid home for my husband and I.
Would it be absurd to try a low ball offer here?
Edit: market value does place it around 200k but similar homes in the area with 1 less bedroom are around 165k in market value. However zestimate says 165k as is?
House on the market keeps dropping but not selling- should we offer lower?
byu/crystalizedwolf inRealEstate
Posted by crystalizedwolf
4 Comments
Write the offer. They clearly want to sell. Let them counter.
Try it! You never know.
i think it’s worth considering a low ball offer, especially given how long it’s been sitting on the market. If they’re eager to sell, they might accept a lower price. But I wonder if they’ll even respond seriously to an offer that low. It’s a tricky balance between offering too low and coming in too high. Honestly, I’d probably try for around 150k and see what they say. It’s all about reading their willingness to negotiate at this point.
the market value being around 200k but zestimate at 165k is quite a spread. i think the key here is to leverage those differences when negotiating. If the home needs work and is owned by a large company, they might be more open to lower offers.
i’d be comfortable trying a low offer since it’s been on the market so long. maybe start at 150k and see if they’re willing to talk