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Is this considered a low ball offer?

House was purchased in 2022 for $415k per Zillow. Was originally listed in December of 2025 for $500k. It has continuously decreased in price since then with it being listed for rent in June of this year for $3500 (I'm assuming the mortgage payment?). Later, taken off the market for a few weeks and then reposted for sale. It currently sits at $444k with the seller being "motivated" with $15k in concessions. The house was built in 2022 with a well known builder that's considered to be good in this area in Georgia.

My offer: $420k with $10k in seller concessions. Is this reasonable? I love the house, and I've actually been interested in a brand new build that the builder has listed for $436k with $25k in concessions using their lender, but I'm not as big a fan of the lot. The lot on the 2022 version is much bigger, already fenced in, and the kitchen definitely has more upgrades.

submitted by /u/TotallyNotMichele
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source https://www.reddit.com/r/RealEstate/comments/1wxov9m/is_this_considered_a_low_ball_offer/
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