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.

Mon Jun 30 2008, 11:06

Great question. No rule of thumb per se. However, in our area, most houses seem to sell for 3-5% below CURRENT asking price. Of course, we are not counting foreclosures in this category-they are a whole other breed.

Mon Jun 30 2008, 08:21