You have other situations where beauty is in the eye of the beholder, you might ask for 20K more for that million dollar view, but if it can't be shown in the market at some point it's going to hit a lender's desk and if it's not justified the premium will be ignored.

I'm sure they could charge a 50% premium.  

I have viewed some of the new construction and agree that those homes are priced at a premium, however I believe that the market may continue to rise to reach these levels. 

Just sit on it for a year and dump it on the next guy at a premium.

EDIT: I have spoken with note-buyers.

Then add ALL costs related to holding the property (utility costs, insurance premiums, property taxes, loan payments, etc.).Concessions: Concessions are what you give back to the buyer at closing.

Can't edit on iPhone....

Michael Healy The majority of Commercial Lenders will require 6-12 months of Capital Reserves, to cover monthly Mortgage Payments, Property Taxes, and Property Insurance Premiums.

With an REO auction, there's a high probability you will have to pay a 5% buyer's premium as a winning bidder.

You need to see the insurance policies, are they up to date, can  you renew with thier company on same terms or will the premiums go up when you purchase.