I ticked off a seller with a low ball offer...

[Tiffany Hayden]

I am looking to purchase a house to live in. I found a house that I really like, but my realtor says they are asking too much. The house is listed at $128k. My realtor says that there haven't been any houses in that area that have sold for over $100k in the past year. This house is bigger than most in the neighborhood and has a very large lot. Most of the homes that have sold in the area have been short sales and foreclosures.

Anyway, we put in an offer for $95k and asked the seller to pay closing costs (I'm getting an fha loan and I'm allowed to request up to 6% in seller concessions). The sellers rejected the offer and aren't interested in countering.

I'm pretty sure they are ticked. Should I wait awhile before making another offer? Assuming the house actually appraises for enough, I am willing to pay up to their asking price, provided they pay for all of the closing costs.

Any thoughts?