Hi TJ, every agent here have gave you the correct answers.
Yes, any buyer and the seller can buy or sell whatever the price both agreed upon, however the buyer would need to ask himself a question, "do i want pay more when the value is not there?" But again, everyone is different and yes, the priceless emotion value.
If you don't mind and don't mind putting your own extra money for your emotion value that is higher than the value of the house, that will be your ultimate choice.
Another thing to consider is that, are you buying it as an investments? Are you going to stay for long time?
IF this will be your last home and not planning on moving for next 10 or 20 years and you have the cash, you will be ok but if not, REMEMER, this is an investment so paying over its value is not really logical thing to do.
I hope any answers here helped you, TJ.
More questions, please visit my profile.