Lots of good answers here. Not a good idea to go into an offer just thinking of offering "x"% off asking. Put it in perspective. Lets say the home is already marked 50% off. It does no good to then offer another 15% off that price. Look at the whole package. Asking price, time on market, comp values, available financing, incentives are just some of the things that come into play when negotiating an offer. Sometimes good deals are exactly that....they are good deals and worth paying list, or even more sometimes. Don't get caught tripping over dimes to pick up nickles. Now a strategy that is familiar to some is once you establish what you want to pay for a home, based on comps, fair values, or the value may just be a number you pull out of the air, offer an amount less than that which allows you to counter back with the seller splitting the difference each time till you arrive at the figure you wanted to pay. Also remember that there are other priorities in an offer that are not price related that have value to a seller that might lead them to accept lower offers. Cash is king. It eliminates uncertainity of time and appraisal issues in the eyes of a seller. Quick closings can be of value. Inspections. If you limit the exposure of a seller in a dollar amount, lets say any major item over $2000 for instance, a seller might be inclined to work with your offer. The uncertainity of small inspection issues is removed, therefore they might be willing to accept a lesser priced offer. Also remember that even in our current market, homes are selling, population is growing and some areas are doing well. Buying power may not be as strong as you might be led to believe. It is a buyers market, but all things in perspective.