Just because a property is getting reduced ever couple of weeks doesn't necessarily mean it's a great buy. It may have started off way too high to begin with. Have you agent prepare a market analysis for you and help you to structure an offer that works for you and the seller. Be prepared for a counter-offer. This is where real estate agents earn their money. ---negotiating.
Best of luck,
You must really like this home if you are constantly watching it. Are you ready, willing and able to buy?Then get off the couch and go find a realtor right now! Or kick yourself later for not trying. Try to find a realtor who is a CBR(Certified Buyer Representative) and hire them as your buyer agent to help you.
I think you hurt yourself by delivering this message as an initial offer. You need to learn more about what works for them. You might find a compromise that works. Delivering "firm" on the initial front doesn't allow those future negotiations and learning to happend w/ ease.
It is sometimes wise to deliver a final firm counteroffer after negotiations have been going on a while.
1, Do you want this property?
2. Do you think it is fairly priced for the current market?
3. Can you afford the property? and if not at waht price range are you comfortable?
4. Have you spoken to a Mortgage Broker to get yourself pre-qualified to buy a home? It is always best to get pre-qualified before shopping so you know how much you can afford. In many cases it only costs the price of a credit check. Be careful about letting to many folks check your credit as it can have a consequence on your credit score.
5. If it is a FSBO have you received a copy of a property disclosure? Make sure you know what issues you mayhave to address once you won the home. A home inspection and septic inspection is always a good course of action.
6. The best thing you can do for yourself is to secure representation. Find a Real Estate Agent you have confidence in and have them complete a CMA on the property prior to making your offer. A REALTOR can help guide you through the real estate buying process. Many times to Seller will pay the Agency commission so why not secure advice?