Hi Red, As an agent along the shoreline, I can tell you that the real estate market under $400,000 is very active. You do have the ability to negotiate the price and as always, the property has to appraise in order for you to obtain your mortgage. Your agent will guide you to present an offer based not only on the comparables but other factors including but not limited to the condition and location. Give me a call at 203-430-9643 or e-mail me at email@example.com. Take a look at my professional bio at shorelinehousesforsale.com. Good Luck!