Wow! Low taxes in Austin, TX and an under priced home in Austin, Tx. Dare to compare to others in the Addison area. This is a potential Short Sale. What is a Short Sale? A Short Sale is a home that is upside down in value vs it's balance. The seller will accept any offer at 300k or better, which the seller submits your offer to it's lender for an official ACCEPTANCE of your offer. The lender must accept it, because they are taking a hit on the balance. This process can take...30-45 days to hear back on your offer, but it's worth your patience for an amazing price in Austin. So bring your patience and let's write it up in this buyer's market.