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First time homebuyer on a foreclosed and flipped property

How do you determine what you should offer on a house? The house was foreclosed in January 2019 for 112,000 and then sold in May 2019 for 85,000. They are currently asking 170K and it’s been on the market for 210 days. The county records say that it’s current value is about 129K. The house is a two-story two car garage, 1800 ft.², on a 1.6 acre lot, three bed 2 1/2 bath. I I know that time is money and every month it goes by they are losing money on the house but to me it seems like it’s kind of priced pretty high for what it sold for and what the county records say the value is. Thanks for any help.

submitted by /u/abates369
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source https://www.reddit.com/r/RealEstate/comments/faqken/first_time_homebuyer_on_a_foreclosed_and_flipped/
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