There is a house that was foreclosed on in our area and now the bank  is listing it for 43,500. My agent suggested that the home was not worth that much and we placed a bid for 25,000. However the bank came back with a counter offer of 42,000. After having a contractor give me an estimate of $7,000 worth of work that needs to be done, we came back with 28,000. The bank still rejected our offer. Next week the house will be listed for a month and my agent said that the bank may reduce the price and than we can present our offer again. We are willing to offer 30,000. What are my chances that the bank will first bring the price down after a month and second that they will even accept my offer after that? Should we offer the 30,000 now before the month is up or hold out for the next week?