Looking for advice to make competitve offer

[Joe L.]

Hello,

Here is a little background on my situation. I bought a home in Las Vegas in which I live in now. I have built some equity up in the home, but would like to hold it. So, I have decided to purchase another home using a VA backed loan and then rent out my current home. I found a home at a reasonable price that foreclosed to the lender(Fannie Mae). I did a walk through today and really liked this home. I just found out there are multiple offers and one was countered in which they have until tomorrow to respond (Saturday;FM is closed). I am looking for advise to make a good offer since I planned to buy w/no money down including closing cost. To make a better offer I am thinking of offering 1-5k above list and possibly 2k towards closing. I am looking for advise to put together an offer for my situation. Any help will be appreciated!