[quote=kev374]agreed, there is no harm in submitting an offer.
The prices right now are so varied, some people are still stuck with their bubble level prices.. even when there are identical homes selling for drastically less. Amusing.[/quote]
Well if you check the title report or ask your realtor to you might find that a lot of them are priced higher because that is the least they can sell them for. In that case they will most likely end up a short sale, but a lot of people avoid that realization. You might find it amusing, but the seller does not.
I would recommend not to go in low, “because you think prices are going down 10%” that is just going to piss alot of people off. Find a comp that justifies your price in the same area and submit it with your offer. That way the market can tell them that your offer is valid. If you cannot find a comp to justify they you are probably too low for the current market and need to wait until you have a comp or submit your offer and hope for the best.
