If I was getting 100% mortgage - I would buy it for not more than $300K but get $100 k back at closing to buy a new Hummer.
If I was getting 97% (FHA) mortgage - I would pay no more than $250 K but get $50K back at closing to furnish the house and take a cruise.
If I was to put my hard earned money - I would pay no more than $180K. But again, If it was my hard earned money - I would not buy it unless it was for sale at $150K asking price.,
Upgrades ? From Walmart to BJ's