If you're a Buyer who is out there in the market, but not making offers, you're missing out.
You need to play to win.
I'm not one to advise people to make rash decisions, or to be risky with their money. Especially not with real estate transactions that can total in the hundreds of thousands (or millions) of dollars. I believe in taking the time to find the house that you are totally, unequivocally in love with. I believe in feeling comfortable with your price range. I believe in doing your research on an area, school district, and property before moving forward.
However, if you're ready to buy, you really need to jump in the pool and get swimming. Rates are down, inventory is high, Sellers are motivated, and the time is right.
I've been scoring some serious, serious deals for my Buyers (and myself) over the past few months.
Here's the thing...take a shot. Write the offer and see what happens. I'm not encouraging you to get crazy - offering pennies on the dollar only works on late night infomercials. Review my post last year on low-ball offers done right. However, this is definitely the market to start putting some offers on paper, and see what happens.
If you never put in the offer, then they won't be able to accept it.
You have to play to win.