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Is 10% under list too low for first offer on a home in greater Atlanta vacant since Feb 2008?

Found a home and very happy with nearly everything, but feel that in current economy I have additional bargaining power.  Home has been on market and vacant nearly a year and wondering if 10% under list would be considered an insulting first offer.
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January 19 2009 - Sandtown-Southeastern Atlanta
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Answers (4)

Profile picture for Mr Caveat
while i appreciate the revisit, 6 months later...that was broadly unhelpful, thank you so much
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June 17 2010
It really depends on the listing price, check the comps in the area to see what recent sales prices are. 
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June 17 2010
Profile picture for jal74

I agree with Pasa.  Offer between 40 to 50% off.  Worst that can happen is that the bank says no.

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January 19 2009
Profile picture for Pasadenan
If it has been on the market for almost 1 year, that is way too much too be offering.  It should be closer to 40% off of list price, especially in that area.

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January 19 2009
 
Related Questions
Is 10% under list too low for first offer on a home in greater Atlanta vacant since Feb 2008?
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June 17 2010 | 4 answers
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