Chris is right, most homes do sell for a little less than asking price. In New Jersey that varies greatly from town to town. i suggest you find a Realtor and ask for the figures on list price, sale price and days on the market. Another to consider, if you are planning to ask for a sellers concession for a down payment , you might have to go a little higher. Best of luck! If you need an agent in Hasbrouk Hgts, give me a call.