You are correct in using your head and not your heart! That's important in all long term matters! As I said, we bought FSBO. New cyvs were being offered at about the same price we paid for 5 year old construction. We insisted on an appraisal and the owners, fearing the property would not "appraise out", kept telling us he would not be willing to lower the price and we were "buying a lifestyle"! BULL, I love the "lifestyle" but my real estate experience would not allow me to pay more than appraisal for anything! Especially in this market! There's plenty out there for sale and you will find something that suits you. Don't settle! Properties are going on the market every day and will continue to do so!
My very favorite location would probably be Edgewater Bungalows at Lake Sumter but, alas, they were over our price point!
BTW, our villa appraised for $3,000 over sales price!
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