That home was listed for $132,100 on July 9, went pending on July 28th and sold for $130,000 on Oct 16th with an FHA loan with Seller concessions.

If you thought is was worth $145K, then you could have put in an offer for that amount and found out if your offer was accepted. If you had a cash offer, then it would have sold for that amount if yours was the accepted offer.

If you had a loan, then there would have been an appraisal done to find find out the actual property value. If the property value was lower than your offer, you would send the Listing Agent an Addendum with the adjusted price. If you were below the Appraised Value, then you would leave your offer as is, and continue with the close.