Should I follow up with property owner after making an offer??

[Leilah Davis]

A few details - the owner has a lien on the property from an SBA loan and the total amount he owes is almost 90% of the value of the property. He had not actively been tryin to sell the property, but clearly he can't pay off this loan and would like to get rid of the property. (He hasn't said as much, but I am assuming...) We had initially reached out to him pre-covid and asked if he was interested in selling. He just said "make me an offer" and without knowing about the lien at that time and having an incorrect idea of the value of his property, we offered way less than what would be reasonable. At that time, all he said was "I have better offers" and we left it there. We recently reached back out again, as he had still not sold it, and now, knowing more details about the lien on his property, I asked how much he owes and realized it's close to 90% of how much we're now willing to offer. AND The property does not have sewer and water tap connections, which is going to be extremely expensive to add. After running the numbers, it still made sense for us to put in an offer that would leave him walking away with a small sum of money after his loan is paid off. So I drafted up the offer and sent it over to him. He reviewed it, but hasn't taken any action or responded yet. It's expiring tomorrow .... should I follow up with him aboout it before it expires, or is that too eager?? If the offer expires and I haven't heard from him, should I reach out and ask what his thoughts were about the offer and see if he wants to counter? We've got about 10% wiggle room should he decide to counter offer.