<prompt> Human: I searched the flare filter and wiki and didnt find an answer. Wife and I are buying a house. We found one we intend to put an offer on. The root of my question is: how low is too low such that they wont take us seriously?Without using real numbers to protect identities: The current owners bought the house their second and seasonal home in 2006 ouch! at 300k. Through some digging it appears they tried to sell it in 2008 during that whole economic chaos. After coming down on the asking price to 275 they gave up and moved on. In 2014 they tried once again, this time bring it all the way down to 215 before giving up. They put it up again a few months ago. Current asking price is 303So only 4 years ago and 3 years after the 2008 crisis They were willing to accept a 85k loss on the home. And our agent says their agent says they are extremely motivated. So is it ridiculous for us to start it off at offering 220 which is 90k below what they are asking? We read 10 below is a fair offer, but we are wondering if this is a special case.  <response>: Dont anchor to the price they set in 2008. Those conditions no longer prevail. If your valuation comes from that alone, then how hard you should bargain depends on how badly you want this house in particular. Be prepared to walk if you are going to put the squeeze on. 