Is offering $157,000 for a home listed at $162,500 and that has been on the market for 118 days unreasonable and why would you not counteroffer if you rejected it?

Is offering $157,000 for a home listed at $162,500 and that has been on the market for 118 days unreasonable and why would you not counteroffer if you rejected it?
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answer:Offering 157K is fine. The owners are not required to consider the offer seriously. My guess is that they think you are lowballing them. Maybe they have come down a long way since they first put the house on the market. Do you really want the house? Offer 160 and see what happens. When you’re only a few thousand apart, it’s really a game more than being about the money. It isn’t going to change your mortgage much.
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