how low is to low

[Jeremy Davis]

So how low is to low when making a offer on a bank owned property? some basics that i am working with right now, the property is listed at 85,000 and i know i have to get it for a min of 75k but i would love to get it for less. does anyone have any experience on this? how low do you normally go when starting to make offers with the bank? is it a % of the price? and ideas would be awesome!

[Kathleen Leary]

I've heard (often) that if you're not embarrassed by your offer, it's too high. That was certainly the case when I bought the place I'm currently working on - but they took it!