[lyon]

I am looking at a house that has been foreclosed on over a year ago. It is a huge victorian built in the 1890's in nice shape, the price has been steadily getting lower over the past few months. it is listed now for about 250k, was 400k to start. I am thinking about making an offer. Is it time to buy or will the market go even lower? What would be a good offering price to test the waters?