I agree with Goreg; the schools usually look at a range. To most schools, your 700 and my 730 would be about the same in general terms. If the rest of your application is solid, you're good to go with a 700.
For the record, my test scores went as high as 760, but I don't think I want to roll the dice. I am working on getting ready for school, because the score is good enough for what I need.