Now we're in a bidding war..

So, we're looking for land SE of Seguin (which is ESE of San Antonio) which is near the Eagle-ford oil patch.
Every property we've looked at with a well and septic has already been bought.
We found a propert (16 acres, septic and a questionable well with a stock tank) for an asking price of $125k. Our initial offer was $92K, the countered with $112K.

we were going to counter offer with $105, but found out that someone else has put a bid in without even seeing the land....

So we took the $112 and are waiting to see who gets to the owners first.