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To best answer your question, I think its important you contact a local Real Estate Agent. There are many factors in determining what would be your best offer. Such as whats the current market value for the home, how long its been on the market for sale, but most importantly how much do you really want the home and are willing to pay for it. Your offer must be well thought out and should be your highest and best offer ,especially when dealing with a multiple offer situation.
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For Sale: $497,900
For Sale: $100
For Sale: N/A