wow. i just checked my post and there were some seriously well thought out replies. THANK YOU.

350k is pretty much as low as i can get the owner to sell at. i checked records and that is his note value. at that price he sells to me, gets his money, pays his first, and walks away. the purchase price was 450k…and whatever cash he already put down is already gone…this sale woud prevent more cash comignt o the table,and prevent a short sale for him.

as far as harveston being a “nicer” area with more fixed up homes.. from my observations, a LOT of the homes in harvestorn wwere built by Lennar as “ei” homes, so they were more fully upgrraded by the builder…. almost al had granite, upgraded cabinets, upgraded fixtures, sinks, paint, etc. there are some that are not, but more that are. this home is NOT a condo. small lot yes, but it is a free standing home.

one factor to consider additionally, and while im no expert..they do say location location location…

here are some of my thoughts that make me think that while the home may drop on price further, it may fare better downt her oad tha some homes hwer.e.. this home is not “on” the lake, but walking distance to it. walking distance to the lcubhouse/pool. it is also one of the very few homes in harveston that has a priate backyard that does not back up to a street or another house. it backs up onto a greeenbelt. so the lot may be small, but the backyard does not have some mega two story 5 feet over my fencelne peering down at my yard… nto that that adds value..but the home did sell with a 10k lot premium vs other similar homes that were not on this side of the street…

downt he road, if i went tos ell, i’d have aleg up on some of the other homes in this area.

but ifprices fall to 280k…and i pay 350k… yeah, that’s a lot of money to be underwater….