Determining value for a wholesale offer

[Jeff Silver]

Hi BP folks.

2 Questions around determining value for an additional structure on a piece of property with the home.

All of the comps I have are good comps but the seller is valuing his giant garage at 80k. He got that number from what his insurer told him to insure it for 80k.

1. What is a good way think about what an insurance company says how much to insure for?

2. How should I communicate with the seller about this and determining value.

Also the garage is on it own power.

Any advice would be greatly appreciated.

Thanks