Lease Option Wholesaling - Sellers Asking Price is High

[Traci Pickett]

I have a potential lease option wholesale deal in the works. This would be my first deal. I have a question about the sales price that the seller is asking for. The seller wants $100K for the property, but the comps don't show that the home is worth that much. 

Does that mean that I can't do this deal? Or do I just give him what he wants and fill in the sellers asking price on the contract and market it so that he walks away with $100K? The seller is asking for this much because that is what he owes on the home, he just wants to break even. It seems to me that if the home is overpriced that it may present a problem for the tenant/buyer when they are ready to exercise their option to purchase. Can anyone explain to me how this works?

Please advise...

Thanks!