How much should you offer?

[Account Closed]

I decided to take the leap and start my own “we buy houses” website. I sent out my first direct mail campaign last night. However, I have no idea what is considered a fair price? I understand this varies based on condition but I’m not sure where to start. My initial thought was to offer them a range from 40% to 70% of the current market value until I inspected the property. Then provide them with the final offer after I do my due diligence. What do you all think is a “fair” cash offer?