My neibour he bought about his house about half year before I bought mine which was in the middle of 2009, he paid 1.6M for a 2.6 M house(building cost). At that time, only house under 500,000 were able to make deal. I would like to say it depend on the area. if you are in a RE price very reasonalbe area, I would stay firm for the offer because it is hard to find a buyer willing to spend 1M locally. That is why my neibour got such a good deal. I got mine with % of building cost as well. But if 1M is just a price in the mid high range, I would add some to get the house. Overall, you will enjoy today's off look at the longer term. Add 50,000, 100,000 for a house, that is nothing if you like it.