My Opinion - A lowball offer is offering substantial below market selling price for the item being sold. A lowball offer is not based on what a seller would like to sell an item for. There are some items that only sell used for 15 or 20% of the MSRP even though a seller would like 50% or more of MSRP. A 20% offer would not be a lowball offer. Bottom line - A lowball offer assumes a reasonable seller and an unreasonable buyer.
