Also, sometimes people raise the price hoping to get a general increase in the amount of their offers. Owings Mills is hardly a slow growth area because of its location: It is close to DC and to Baltimore so there is more demand, in general, because it is mainly a suburban area, with some rural areas.
These are things that are going to work in the seller's favor. Another area that is doing well in that general proximity is Finksburg, Maryland. Finksburg is relatively suburban and still somewhat rural in some places and yet, it is close to the larger cities.
What interest rate are you being offered on your loan at present?
A lower rate could take some of the sting off of the higher sale price and there are a lot of ways to get your mortgage priced to your advantage without having to spend more money out of pocket.
I would be more than happy to assist you with any further questions you may have on this property and any other properties of interest.