Vendors often demand a certain price in order to get the maximum out of a buyer, most likely not taking into consideration what the real estate market price should be. If its love at first site, make a move! Don't hesitate on making an offer and don't wait. Even though you feel like the price isn't in your budget, you never know where a vendor is ready to settle. Worst case scenario, they will most likely counter and want to entertain a promise to purchase! So go for it, make the move because by the time you make a decision, your dream home may have already been sold!
Cheers!
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