It depends on the Property, some sellers are more negotiable than others depending on their needs as to how much they owe and why are they selling. This is the right market to get any reductions and I believe that most homes that are for sale are because they owner needs to sell and knows they will not get as much they would have 2 years ago. The prices in areas like Edgewater have been reduced from years before but they will not fall much lower in my opinion, It will keep value since it is a desireable area with many new developments and it is so close to Manhattan.

Hi Mickey,
I am a local Realtor who works in Eddgewater NJ. I have also lived there for many years and I have investment properties there so I know the market very well. You will save money by hiring a local Realtor who can help you make the right negotiating moves during your buying process. It is important to hire 1 person who can truely understand what your goals are and that is the best way to get the most for your money. I know of a few great buys in Edgewater and there are also a few in the surrounding towns. If you are interested in my help, I am happy to assist you in your purchase.

That depends on the comparable sales and list price. What does your REALTOR say?