Buying Homes

I mentioned a month ago that Mike and I put an offer on a foreclosure. The appraisal is finally being done tomorrow. We heard from the bank last Friday that our offer is too low, but the Realtor told them that they need to get a new appraisal because they think the home is valued about $80 higher than the market will allow. So we will know soon whether our offer is going to go or not. We won't increase our offer. If the bank won't accept it we will look for another deal later.