I didn't have to wait very long...

BIG NEWS...

As I said before, my agent and I decided on a 24 hour expiration on our offer -- we didn't want to wait. So here's how the story went:

8:00AM: Offer faxed over to listing agent.
10:00AM: Listing agent calls my agent and leaves voice message about being insulted by the offer price and inquires about my flexibility in that area.
12:30PM: Listing agent calls my agent and leaves a second message: "We'll take your price but we're countering a couple of terms."

YAY!!!!!

Stephen