Have a wonderful day
Eric advises if you have misgivings in the beginning, they will surely haunt you.
Michael warns purchasing a 2x average area price will make you vulnerable to market and resell conditions.
If what you are saying is true, it is highly unlikely an appraisal will suport the price. The banks truly have the game rigged. You can anticipate an appriasal issue.
Now comes the only thing that really matters. "Is this the life style you want?" Some prefer the opulent monotony found in those walled communities behind the security controlled gates. While others seek a community of diversity, walkable and possessing a central core, having architectural interest, mixed economics, you know, something more reflective of reality. For many, the privilege of living is such communities required them to bring extra cash to the closing table to offset the banks value suppression methods.
The subject home, however, does not align with either description, therefore, the buyer after you will have exactly the same issues you are wrestling with. Ignoring one's intuition is often costly.
Best of success to you
Annette Lawrence, Broker/Associate
Remax Realtec Group, Palm Harbor, FL
727.420.4041 - http://www.RealEstateMadeEZ.us