We were pre-approved for a mortgage yesterday morning, so DH and I met our realtor at house #3 last night and spent 3 hours during a thorough walk through. We made our offer early this evening, but it's pretty low.
The house has been on the market for over a year, and it will need quite a bit of work. We don't expect the sellers to accept our offer at this price but we're hoping they'll at last come further down. We're willing to negotiate, but not willing to pay full price. There is some major stuff (heating, electrical and plumbing) that needs updating/re-doing. We're not afraid to do it, but we want to make sure we're not paying too much for a house that needs all of that.
I thought for sure we'd hear from our realtor right away with a "no way" but no word so far and it's getting rather late here. They have until 12pm on Friday to respond to the offer. Keep your fingers crossed for us.