It's now a buyer's market in the Central Valley, so you will find many properties listed at, or below, market value. Sellers have three options: accept your offer, counter your offer, or ignore/ reject the offer. If your offer is not accepted, re-submit at a price you can afford. If the seller counters, you can accept, or let your real estate professional goto work for you and write another counter-- negotiation skills are key here. Finally, if the seller accepts your first offer, then all is well (or you might be paying too much). Again, negotiation skills are key in getting a great deal. Give us a call at 209-613-5773 or email: NinoP@kw.com if you are planning to purchase or sell in the Modesto area.