This is some good advice. It depends on your goals for the home! Also, as a Realtor, sometimes working with Foreclosed homes, the listing agents have not seen the home. If it is a new listing sometimes they list it high in the beginning and after a while you will see major price drops. If your working with a good agent, you and the agent can go over figures and determine a fair price for the home. When I submit a low offer compared to the list price I write a short cover letter stating why the offer is so low. I had a property once, where I found out the the home had septic issues and it was a lot money to fix. So based on there initial asking price and the info I found out through the city we got a greatly reduced price on the home. So, you and your agent have to do your homework!