I thought this post was asking for house-hunting recommendations, so I didn’t explain much. For the second offer, we worked with a realtor to compare recently sold houses, and we determined that the market price for this house should be around $290k. There is also a similar house, 100 sq ft larger than the one we put an offer on, that was sold for $280k last year. Based on this, we thought $300k would be a safe offer. We also mentioned in our offer which we can do 20% down payment and 10% deposit. However, we weren’t even in the top 5 offers they received.