What does your agent say? If you don't have any agent, did you run your own comparables to determine of the home is fair market value? Do the comps (similar style homes sold within 6 months) determine of the house you are looking at is a fair value or does it look like it's declining or improving?
If there are other interested buyers, you may have to offer more if you want the house. How much more will depend on your perception of value for the home.... more