Home OfferWe made a an offer on a home that was just reduced by $12,900 which made the asking price $127,000 it is a lake property on small private non sport lake electric motors only 89 acres, in Oxford, MI. The home is a short sale and we had the inspection completed, the house needs a new roof and trim work inside the home is 1236 sq ft with 3 bdrms 2 full baths, dbl garage, no aircond. We offered $120,000 and the bank countered $126,000. If we counter again the seller has to approve it then does it go to the bank again for approval? What are the chances we will loose the property? Can we counter asking for anything? Our buyers agent said she included the repairs needed with our offer so the seller and bank already know it needs a new roof and still countered at $126,000? The comp for the buyers agen is $138,000. Not sure what to do?...of course the buyers agent and listing agent say their are other interested buyers...not sure what to do...how long do we have to counter?April 15 2012 - Oxford Township0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.