The sellers have now verbally accepted our counter offer. Our realtor, Clint, told me they had wanted to counter back at a higher amount, but he warned them not to, so they just accepted our offer. (Good call!) The forms are still shuttling about collecting signatures, but this looks like it will probably move to the next step. We'll know for sure tomorrow.
Next step: Inspections! We have 12 business days to complete whatever inspections we want to do. So now I need to start calling around and making appointments. And I (or we) have to go back up to Oregon, obviously. Though, we could stay down here and try and do everything remotely, but I'm sure we won't be as satisfied with that situation. It's always nice to follow the inspector around and ask questions while he works.
I am cautiously optimistic our search will finally be over. Though, I still clearly recall the house purchase that fell apart last year when the inspection came back with so many unexpected repairs needed.
I've been cruising around PortlandMaps.com and it looks like the house has been in the same family since at least 1938. Interesting!