Comps? Apprasial Difficulties?

[Hilary Tuttle]

It has been awhile since I took out a mortgage. We have just been buy and hold investors using BRRR (before this term was invented:) but finally have decided to buy a house for our selves. We found an amazing lake house and negotiated a price but the bank would not finance due to insufficient comps for the house. The appraiser tried everything, but was not able to support the price of the house, even though he agreed the value was there. (Its lake front with acreage so fairly unusual). The seller will mostly have to lower price to be inline with other houses there that do not have acreage. The loan officer told me though that even if the price is in line with other houses there, there would still have to be comps. I can not wrap my brain around the fact that the house would be basically the same price as others but would still be difficult because it was not "exactly" like the others. It also is a little larger than the other cabins there. In my mind if it was the price as the others, who cares about the land its just an added bonus. Have others run into such difficulties with unique properties? The house is a conventional build with log siding. Thanks fellow investors for any insights or advice!!!