A good offer is one that achieves the goal of getting the best house at a great price. That means paying at or below market value for a property. Your realtor will be able to assist you in determining value.
The market value is simply what the average buyer would be willing to pay for the house given the current market conditions. This is usually calculated/estimated by looking at comparable homes.
The best way to find a home's value is to know the market by seeing lots of similar homes in the areas you are most interested. This can be accomplished by looking at homes your agent emails to you and then selecting the most attractive homes to tour.
Many homes are priced right for the market. Those are the ones you should be offering on. However, if the home is priced for the market, a low-ball offer (less than 10% below asking price) is almost a complete waste of time. If the house is that far overpriced, you should be focusing on better priced homes to maximize the potential for success in the market.
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