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We’re getting ready to bid on a new construction, 2 bedroom condo in Brooklyn and we were told by the realtor that while they have an asking price, things have changed and in this current market even new construction is negotiable. Can someone help me understand what would be a reasonable expectation and what would not be a reasonable bid? For instance, I understand it’s pretty standard now for developers to pay the cost of the transfer tax. Can we expect them to agree to pay all other costs associated with the closing like lawyer’s fees? Should we bid 20 or 30 grand below the asking price? Or is it reasonable to both bid lower than the asking price and propose that the developer cover the cost of the transfer tax as well? Has anyone already gone through this experience and can tell me how it went?