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Offering $55K on a $79K condo--crazy?

SW Florida. I want to offer significantly less on a condo I have found. I am a cash buyer, 12+ condos on the market in a 2 mile radius, sellers are international and gone, I think the market is iffy. Sellers paid $30K 9 years ago and have probably spent $10K in improvements. I'm not looking at this as an investment property that I'll be flipping. I just want something I can afford and I certainly don't want to take a hit. I have just gone on disability and I want to take care of my future. I'm afraid my offer will be construed as arrogant. What do you think?

submitted by /u/Cak2170
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source https://www.reddit.com/r/RealEstate/comments/fs647z/offering_55k_on_a_79k_condocrazy/
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