Asking for discounts on old listings

[Todd Pieper]

Hello community,

Had a quick question about the current competitive market and when I can ask for a discount on properties. I believe I read in one of the BP books about how you should keep a search open for listings that are listed for double the average days on market for your farm area because you can ask for a discount on these properties. What is the average amount I could try to get off of these listings? Is 20% an option or is it usually less or more? I am looking for multi-family properties in south St. Louis.