Making an Offer

[Dawn Hall]

I am buying a property with my SD-IRA. The house I am interested in has a listing price of 60k. Top I can go is $51. Seller owns it outright and I am offerring cash and saying the seller can chose the closing date (she's an old lady with a lot of stuff in the house and may be in a rush but may want to stay through the holidays???). The house is definitely worth $60. But again, i can go above $51 So how to make an offer? Offer $49 or $50 and try to keep her down to $51. Or just best offer from the outset??? What would you do?