There are 2 on the market at that price in Merrionette Park. One is a short sale. It has been on the market 122 days. The other is owner occupied. The owner occupied has only been on the market 55 days. I don't consider 55 days a long time on the market but the sellers may consider going down. They started at 136,900 and have come down 2000 already so that is a sign they are negotiable. The short sale will depend on what the bank will take. If other offers come in the bank can push yours aside for a higher offer. The best thing would be to have a realtor do comparables of the area and give you an idea of what it is worth. Choose your own realtor for your buyer's agent. It doesn't cost you anything. Then discuss with the realtor what they think you should offer. You have the ultimate decision but a buyer's realtor can give you really good insite to many factors you haven't considered.