$700 isn't a bad price for that bike. Not fantastic, but not bad. Although for that price on a used bike, I would try to get 10 spd rather than 9. I say this only because that seems to be the direction that all of the manufacturers are going (or are there already), and upgrading to 10 spd gets pretty expensive when you have to change shifters, derailler, cassette and chain. I wish I had hung out for a 10 spd.