Have your agent provide you an estimated value for the proeprty based on its specific circumstances and then make your offer accordingly. Trust their advice, that is why you have an agent in the first place; they know the market.
Some are worth less and some more.
What's the house worth?
If it is worth $250,000, then likely $130,000 is too low.
If it is worth $150,000, you might be in the ballpark.
Try it and see what happens.
But if the market value of the land itself significantly exceeds $130k, like say $180k, then your chance of acceptance is basically zero unless you have a desperate seller -- cause that is the "knock-down" value decision making factor.
Let your agent guide you by showing your current comps and recent sales that are as similar as possible. When you start the bidding you do need to be realistic. I never tell my clients what exactly to offer on a property but it is my job to give them the information necessary to make an educated offer.
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
Hope that helps!
Century 21 Judge Fite Co
cell: 817-614-6390 (call/text)