It might be considered low to a seller, however a buyers agent can present such an offer as a starting point in which then you would hopefully get a counter offer back from the seller. Which in that case, then don't be surprised if you do not get a counter offer back because a seller may get insulted. It it though still a buyers market so then, it would be smart for the seller to counter back. However, not all sellers are smart but are instead emotional about there home. Also, the seller
may owe the bank X amount and cannot afford to sell for less.