Ok Ill make it short as poss:
Seller is asking 919K for house
Zestimate is 745K
Zestimate range 640-780k
House last purchase in 2000 for 478k has gone up 24.4% in value since then=116.3k totals 594.6k (house is worth 745ishK)
Value of house has gone down 1.3% in last 30 days= 9691.00
which would bring the Zestimate cost to 725.5K
He is asking 919K and this home is going to become a short sale.
He owes just about 800k (has 2 mortgages)
Needs 4k termite work
still needs inspections.
What would a reasonable offer be? Im having trouble getting his agent to go below 800k I feel that is too high. They are also using comps from a house that sold a year ago. Any advise would be helpful. Im to hear back from the agent tommarrow.