Alex Trebek would probably accept your question on Jeopardy! because it technically IS in the form of a question, but we need you to give us a little more information as to what you are referring to.
Are you asking if 20% below the listing price is a good offer?
Are you asking if 20% is too low of a downpayment?
or...Are you asking if 20% Return on your Investment is too low for this market?
If you can provide us with some more details, we'd be happy to offer you our opinions, knowledge, and direction.
It's not as bad as other parts of the country in Western New York. In other areas, there are bidding wars going on and in some cases, houses are selling over asking price.
Get the advice of a good real estate professional that specializes in the area that you are look to buy.
Associate Broker - MJ Peterson Real Estate