I don’t think 10% is an out of line offer. You start going 20 to 40% and I think that you need to spend more time researching properties.
I’ll go back to the car anology. Once you have identified a loss leader your work is done. Walking in and thinking you are going to negotiate the price you are demonstrating your ignorance not your intelligence.
Maybe we are arguing the same point. Maybe you are saying you are going to identify a 500K home and try to pick it up for 400K. What I am looking to do is identify the same home that is listed at 415 and pick it up for 400K.