we made an offer on a house

As you may know, we have been looking to buy a house. We made an offer on a house a few weeks ago that was not accepted. We saw another house that we liked in the same neighborhood and made an offer yesterday. Both houses are foreclosures. We received a counter offer from the bank today and we are still trying to decide if we are going to accept or counter the counter. It is a 4 bed/ 2.5 bath, 2000 sq ft house on a 6000 sq ft lot. Here are some pictures.