The homes are priced at market value. If you believe it is overpriced, work with your agenta nd contractor to get a good (1. )comparable value of the home in the area and (2.) cost to repair (not renovate...repair) and bring it to a comparable standard with other homes in the area. Conclude on a fair price you would like to pay for the home, submit it with your supporting documents to the bank for approval. Many banks will take supporting documents into consideration. It's worth a shot!! Happy Home Hunting!