If you have been house hunting for sometime, be sure to take note of prices of somewhat similar properties nearby which you could use as leverage when negotiating for a lower price. If you can get hold of the information, prices of recently sold properties would also help a lot. As with any negotiation be civilized and try not to get to rowdy. If the homeowner is unfavorable to your offer end the meeting with a pleasant remark and leave your number in case they re-consider your offer. A compilation of these property prices gives you insight into the trend of sales and the areas that are more sought after. This allows you a broader view of the market in your search area.