Your real estate broker can help you
here. But there are several things you should consider: 1)
is the asking price in line with prices of similar homes in
the area? 2) Is the home in good condition or will you have
to spend a substantial amount of money making it the way you
want it? You probably want to get a professional home
inspection before you make your offer. Your real estate
broker can help you arrange one. 3) How long has the home
been on the market? If it's been for sale for awhile, the
seller may be more eager to accept a lower offer. 4) How much
mortgage will be required? Make sure you really can afford
whatever offer you make. 5) How much do you really want the
home? The closer you are to the asking price, the more likely
your offer will be accepted. In some cases, you may even want
to offer more than the asking price, if you know you are competing
with others for the house.