So right now we are waiting to hear back from the bank regaurding comps in the area. Here's what happened:
The house was appraised in June at that time there weren't any other houses in the tiny town of Northford that had recently sold, so the appraiser used comps from surrounding towns.
The bank didn't like that. (or the chipping paint, so the house was painted)
A few houses in town sold during August, so there are better comps.
Now we are waiting for the bank to except them and give us a closing date.