Who appraised it in 2009? If you have "multiple" comps in the last 30 days that support 130K to 135K that should be your price range. In the Memphis market 2 or 3 sales in a 30 day period that could be considered comparable is strong for todays market.
If the home is worth $170,000, then $149,000 is a bargain.
If the home is worth $150,000, then $149,000 is a reasonable offer.
If the home is worth $125,0000, then $130,000 is offering too much.
You need to know how much the home is worth. Then pay no more than that. Probably offer less.
Hope that helps.