In the current market why not, personally I would go in at 15-20% lower than the asking price, how soon do yopu expect to complete on your house an dhow soon do you need a new one to move into, would you consider renting? all things you might need to consider. It sems( I'd say definitely but thats my personal opinion) to be a buyers market at the moment so don't get sucked in by sales pitches etc. pay what you think is a fair current market value. Remember builders build houses to sell and if no one is buying then that puts you in the driving seat, be bold and best of luck.