Initial offer – How low to go?

Is there a general percentage rule to go by for an initial offer? I'm looking at a property that has been on the market for a few months and the price has been reduced twice so far, most recently in mid May.

Listing at 219k right now, my agent suggest starting at 200 with the hope to settle at around 208. I'd like to offer 190 to start and hopefully settle around 200.

Is that way too low to start? I know there are many other factors to consider, so ask away.

More real estate tips at Program Realty Wix site

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