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Only offer what you feel comfortable paying. Whether it's a good time to buy depends upon your personal circumstances, your local market, your long-term plans for work and residence, and your tolerance for uncertainty (which should be alleviated if your work is secure and you plan to live there for a long time).
Simply offering less than the asking price might work. But, if you really want to buy the house, do a little research and see what adjacent/nearby similar or comparable houses are selling for and present that information with your offer. That way, they will know you are serious and not simply trying to lowball them.
Unless you are at the low end of the housing market in your area, it's not clear why COVID-19 should push prices lower --- Even if sales (prices?) are down 10-percent in your market, it won't necessarily register the same on every home.
Make an offer too low and some sellers get snippy and won't ever want to look at a better offer.
Making offers is about sending messages. Offer 20% low says "I think your price is way out of line." A response offering $500 off says "I think you're crazy, step up or step out." Trouble is sellers are individual and some get that they are sending messages and some just get emotional.
If you are trying to get much below comps it may take several offers to get someone who will message back.
Do you really want the house or are you trying to lowball because someone might need to sell, and you want to take advantage of that?
If you really want the house, don't insult the sellers.
If you are just trying to find a deal, write the lowest offer your agent is willing to present.
If they have an agent, all offers should be presented by the agent. (If an agent chooses not to present an offer, they should immediately stop serving as an agent for the client.)
If they have an agent, all offers should be presented by the agent. (If an agent chooses not to present an offer, they should immediately stop serving as an agent for the client.)
Oh come on, you know what I mean.
What agent would present an offer of 100,000 on a million dollar house?
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