If you are asking, can you make an offer that is 40% off the listing price and hope to purchase the home, I would suggest no, with one canviat that the homes have not been on the market for months and months, in which we know they are overpriced. Homes that are selling in this market are 1. REO's less than 45 days market time on average, 2. Conventional sellers priced accordingly to marketplace, 3. Short Sales where buyers are patient, but even short sales are selling at 90% of Fair Market Value...There are 11300 Single Family homes for sale in Lee County, but there are 12000 homes selling in a year...regards.