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Made a cash offer and looking for some advice on a next move.

I’ll start with saying I REALLY like/want this house, but not at all costs. It checks all my boxes and then some.
Located in WA state in a town where market is softening, but this house is an outlier. It’s in a very desirable neighborhood where houses rarely go on the market.
It’s been on the market for only 11 days
Listed at $365k
2bd/1 bath, ~1800 sq ft and there’s a lot of potential for adding value in a neighborhood that can support it. (Houses next door are estimated at over 1M)
Beautiful 1920s craftsman, in decent condition but needs some work and updating, (refinishing floors, will probably need a new roof in 5 yrs or so). I can do a lot of the work myself. I know with old houses things are bound to be discovered during inspection.
I made a cash offer for $350k and sellers agent said there was another offer that came in and is asking if I want to change my offer.
Thoughts on what I should counter with?

submitted by /u/Bananenpannenkoeken
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1u5gl36/made_a_cash_offer_and_looking_for_some_advice_on/
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