Ask Your Appraiser

When making an offer on a home, make the offer based on the home value not on the listing price. 

Recent sales in the neighborhood give you and your agent great insight. If a home is priced at or below the market value, it is unlikely you will get your home for less. But if it is priced above the market value and the home has been on the market for a while, you may get your home at your offer or near the offer you give. It is important that you accompany your offer with the market analysis.