First make sure you have signed a buyer agency contract with the agent. The agent will guide you and show you all the recent sales. You can base your price on recent sales . You do not want to pay more than what it is worth.
I was working with buyers recently who made an offer on a house that was listed at 565k. We offered 450 and came upto 475k.The seller countered at 520 . My buyers were willing to go upto 510, if it appraised so we ordered an appraisal .It appraised at 505 so my buyers decided not to buy and the seller was not willing to lower his price from 520k Your agent will guide you.
Having a strong buyers agent wll help in this capacity, someone who knows the area inside and out and knows the comparable sales inside and out. The question is too vague for the pros on this forum. I have mentioned before the listing price is not as important as the comparable sales.
For example, if everything else in the neighborhood that is similar sold for 370 or 380K, then this property is priced to sell ! On the counter, if everything is selling for low 300s and you offer 310K and get it, it may feel like a good deal but it is not. That is why knowing the market is critical in addition to having a good buyers agent.
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Good luck !
A real estate professional should be able to clarify this for you.
Request comps for recently sold homes in your target home's location. This will give you a feel for what the current fair market value would be for this home.
What does your Realtor say? Your Realtor will be able to give you professional advise according to the condition of the house, the up-to-date market condition, seller motivation and property history.
He/she will also be able to guide you through the whole offer, negotiation, inspection, negotiation again, closing, .. process; including helping you to engage professional service along the way.
It's something you should seriously consider to get the most benefit out of your purchase!
You can may any offer you wish to make, but if you want the offer to be taken seriously, learn the market value and offer slightly less if you wish. Remember that buying homes is the decision of one seller and one buyer, so there is no guarantee that the seller is motivated to any degree, and no assurance that any buyer will make a reasonable offer. It is not a committee decision. There must be a meeting of the minds between two individuals. Good luck.