I need help with ARV

[Celestino Moreno]

I found a motivated seller wanting to sell their house at 1.1 M but the ARV with the houses around the area comes out to $950,640 my question is why the house estimated value says $110,630 when the houses around it have sold for so much with the similar sq. Does this mean I have to give an offer in reference too the 100k value or the 950k ?

[Bruce Woodruff]

The house is, in reality, worth what the seller wants and the buyer is willing to pay, nothing more. I would print out a bunch of comparable listings and take them along when you offer that much less. Is there something else that makes this house worth more? A recent remodel? Swimming pool?