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Or inaction can cost you more......

That's what I presumed, perhaps being purchased above the amrket value in first place. I would stay firm with your offer and start looking for another one....just in case.

I am a little bit unclear about the capital growth/equity of this property. I thought I read it was bought for $218K and 8 years later it's $235K (That's what you are willing to pay, right?). After costs there would be no capital growth in the last 8 years....so just out of curiosity why do you...