Sellers are usually quite shocked, dismayed or disheartened to receive a low offer on their house, for example, an offer of $225K on a $275K listing.  But it is important to remember that even that low offer really is a compliment!



If you have not yet had an offer on your house (that is listed at $275K) and you receive an offer of $225K, that doesn't necessarily mean your house is only worth $225K, nor does it necessarily mean that you should accept $225K or something close to it.  It does, however, mean something quite exciting --- somebody wants to buy your house!!!

Of course, negotiations won't always work out with low offers -- but recognize a low offer for what it is -- a buyer who wants to buy your house, and perhaps the first buyer who has declared as much through a written offer!
 
If there is any way to put a deal together with those buyers, you ought to pursue it, as it's hard to know when the next buyer will work up the courage to tell you that they want to buy your house!