Low ball offers on Multi-Family; is it ok?

[Ryan Mancuso]

If a property has been on the market for a while (over 100 days) is it OK to "low ball them? 

Example. There is a duplex that has been on the market for 111 days listed at $244,900 in Prescott , AZ (about what they're going for). If I run the rental property calculator and my "home run" price is $185,000, is that too low of a price to offer? Will I gain a reputation as a lowballer? Or is it better to just offer and have them say "no?"

[Bob Okenwa]

@Ryan Mancuso

If you're going to come in low, you better have a good explanation as to why the seller should consider your offer. If you have facts/comps that back up your price, or if the property is in a state of disrepair, then mention it. Just simply offering 60k below market because of a high DOM isn't going to cut it. I've seen offers on stale listings rejected for a lot less than 60k under asking, and that's with some justification. 

You may want to call the listing agent and try to get some more information about the property or owner to see if they'd be willing to negotiate a lower price.