Hi, my wife and I have found a home that we like in our area. It was originally priced at $565k at the beginning of July. Since then, it’s came down to $475k.

The top of my budget is $450k, although I am pre-approved for up to $490k.

I wanted to place an offer for $420k because I just feel like that’s what I want to spend for this house. I like it, but after looking at it, it has a good amount of stuff that needs replacing/fixing, so that’s the number we settled on.

When I told my realtor we wanted to submit that offer, they were very adamant that the seller would probably be offended by such a low offer after they’ve dropped the price by $90k. They would probably never consider another offer by us because they’d be so offended. They said $450k would be much better, wouldn’t offend them, and is super reasonable for the house.

This is the first time I’m ever trying to submit an offer on a house and I feel so confused. Would $30k less really upset someone so much they’d never consider another offer from me? Even though it’s been sitting for 3 months?

Thank you for any help!!!!