You always have the opportunity to offer what you think the home is worth to you. It is up to the owner and or bank to decide what they will accept.
You can offer whatever you want. I would ask your Realtor for advice on your offer if you want the house. This spring I sold a foreclosure and my clients paid $60,000 OVER asking and got a great deal. There were 14 offers on the property on the second day it was listed.
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