Second Commercial Real Estate Offer

[Brian Stefanelli]

Has anyone made made two offers on the same property?

I made an offer 4 months ago on a commercial property that was not yet listed on the competitive market and didn't even get a counter.

I will admit that I gave a low ball offer and the broker shot it down.  

Fast forward four months and I see the property on Loopnet for the same asking price.  Now that I have some distance and more knowledge on the property class I feel I should make another attempt. 

Any thoughts?  I know outbidding myself is not the smartest thing to do!