I found this great article that I wanted to pass along. You must admit that the shift to a Buyer's Market has certainly occured. As with all things cyclicle we will eventually stablize and start the pendulum move back in the other direction. However, I have many buyer's that are currently looking for "deals" and the question always arises, "How low should I go?" The following link is for a story about just that from The Real Estate Journal. There is some practical advice for making that initial offer without offending the seller. Hope you find it helpful!
How To Bid Low On A Home Without Offending The Seller....
"Do your research" shucking......