Is it reasonable to offer 500,000 on a house listed for 1 million by the bank in Thailand?

In Thailand, offering a lower price for a bank-owned property, such as proposing 500,000 for a house listed at 1 million, is generally permissible. Various comments emphasize that banks typically list properties based on the remaining mortgage rather than market value, and there's no risk of offending them with lower offers. However, it's crucial to ensure that any offer aligns with a thorough understanding of the property's true worth and relevant legal matters. Potential buyers should be ready to commit if their lower offer is accepted, as negotiations can be delicate, and a willingness to close the deal is important to avoid complications.