Low ball offers as a strategy?

[Amber Stevens]

Does anyone just go through the MLS and make offers to sellers that are far below their asking as a strategy to get more properties? I'm seeing many investors in my area paying nearly retail for their deals...in fact, I just did a deal that was nearly retail, because I didn't have any other avenue at that moment. Just wondering how irritated people get with you if this is your strategy, and mainly, if it works!