With 11 answers already I decided not to read them. I don't want to be influenced by what they've already told you. Under most circumstances a bid of 80% of the asking price seems extremely low but I don't the property to which you refer. I live in Griffith, I list and sell in Griffith and I would be happy to help you. As a BUYER'S agent it's our job to watch out for your best interest and it may be in your best interest to save the time of writing a contract that just isn't going to fly. It may be in your best interest for your OWN agent to do a CMA to see if it's priced right to begin with. If it's priced right then at 80% of asking price I wouldn't even advice sellers to make a counter offer, it's it's price WRONG then that same 80% might be where it SHOULD have been all along. Every case is different. But first and foremost, get someone full time and professional not a "weekend realtor" who took their 54 hour class and never sought to learn any more. And get someone other then the agent whose name is on the outside of the house as they are obligated legally to watch out for the best interest of the seller. Psst...just because you disagree with your REALTOR doesn't mean they are wrong. And just because the realtor might be a friend, doesn't make them the best choice.