We have had 4 offers on a property that SLS is servicing, the  house has broken water pipes, SLS first said the Investor wouldn't take less than $330,000, the offer is in the $170,000's. I had to do an updated CMA, twice now they want to net $225,000 and so we would need an offer of $289,000, still way off. My question is How can SLS do this? Are they properly informing the investor and even if they are going off of sq. ft. doesn't the age of the house have any affect? The Seller's paid $218,500 in 2010, this house is not worth $289,000. I am wondering if anybody has any insight or suggestions on how I can approach this. Thank you.

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