Making my 1st REO offer

[Danny Day]

I am looking to purchase my first owner occupied house, and have found a Fannie Mae property in which I want to get. Here are the details. I would value BP Nation's input on my offer.

List price: $139,000
DOM: 12

Comps support this price, but some houses in the neighborhood are going for way less.

Here is my initial offer:

$132,000 with $6,000 cash down and financing $126,000. Earnest money deposit of $5,000 and a 25 day closing. 10 day option period with $100 option fee. I used this language in my offer:

BUYERS AGENT IS A PRINCIPAL IN TRANSACTION. BUYER WILL PAY $100 PER DIEM FOR BUYER DELAYS ONLY BEYOND THE AGREED UPON CLOSE OF ESCROW DATE. BUYER HAS VISITED PROPERTY. NON-INVESTMENT PROPERTY, PRIMARY RESIDENCE OWNER OCCUPIED.

I also asked for $0 in expenses for seller to pay at closing, and accept the property in its current condition.

I just wrote the offer up tonight. I am going to submit the offer tomorrow. Do you think feel this is a strong offer? What else can I do to make sure I get this property?

Thanks in advance,

Danny