Well, while I will tend to agree with Cindi, that's a huge reduction, you never know! I always tell my buyers to "make an offer". However, before I do that, I do make sure that I've done my homework and looked at the comparables for that area. While you didn't really give information on the home, there may be mitigating circumstances which might dictate you putting in an offer for that amount (i.e., a short sale, preforeclosure, estate sale, foreclosure, reo...). You would be best served by hiring a realtor in the area to help you put together an offer that has a reasonable chance of being accepted. If you would like a referral, contact me via my website and I'll pass on the name to you.
Tina Evans, Broker
Luna Realty Group