Nice name. You just never know what a seller might accept. I did a quick analysis of the pricing in the area and, based on recent sales, find that market value is higher than what you are proposing to offer. Please let me know if you would like me to email you a comparable market analysis for the area the home is located in. Also, I would be happy to schedule a showing appointment for you if you like.
REMAX All Star
If you are financing any part of the offer you should have a pre-qualification letter upfront to present with your offer.
First, you need to partner with a Realtor, schedule an appointment and visit the house. A professional is not going to answer that question without more information.
That said, my experience tells me that the seller is unlikely to accept that lowball offer. It is not a home in distress (like a short sale or foreclosure). The price already reflects a $6,000 drop from the original list price. Moreover, property values are going up, not down, especially in that neighborhood. In general, the list price to sales price ratio is 95%, which would be approximately $141,550.
It seems you are looking to purchase a property for $110,000 -- is that cash? or are you financing? -- Regardless, you need a Realtor to help locate the right candidates for you.
I'd be more than happy to help you. Feel free to call me at 727-235-8719.
At your service,