Sometimes sellers insist that their property is worth more than their neighbors despite what the comparables show. The home appears to be in excellent condition from the photgraphs and, perhaps, this is the seller's reasoning. If it hasn't sold in a year, my guess would be that it is over priced - however, there could be title issues that are preventing the home from being transferred free and clear. I would contact the listing agent who could give you more insight.
Keep in mind that when an appraiser goes out, he will use properties in the same vicinity and of similar construction. If the house doesn't appraise, it can be difficult to get financing over and above the appraised value.
If you have not already been approved by a lender, I would be happy to run numbers for you to let you know how much you can qualify for.
Feel free to call, write or text if you have any questions!
The first step in the home buying process is to get pre-approved for your mortgage. You can start this by going to my online link. Click here and enter your information so I can run numbers for you: http://www.loansbycatherine.com.
After you hit SUBMIT, I will be able to access your information through our secure website and will run figures for you right away.
This does not obligate you to use Fairway Independent Mortgage Corporation, although we do appreciate the opportunity to work with you.
I am looking forward to working with you and helping you get the keys to your new home!
Senior Mortgage Loan Officer
Fairway Independent Mortgage Corporation
cell 202 573-6035