Dear Greg and Thomas, First of all, thanks so much for taking time to reply. I see a lot of wisdom and experience in your response. I think I'm lucky to have stumbled on this website. I missed to mention that the house is listed at $700k. The house is definitely great fit for me and my family...

Hello Experts, Need some help with my dilemma. Would greatly appreciate any inputs you can give. We have fallen in love with a house and we want to bid for it. The house is in a court with cul-de-sac with a Pie backyard. So, when we checked the neighborhood, the average sale was at $720k...