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Need exterior repair done ASAP

That repair is easier said than done, have to pop the one above it loose and hope you don't mess it up,dealing with that stuff right now
 
Fill it in with cement caulk and trim out small section , take that to lowes match up best you can
Cut that section out and replace with new
I would use cement to bond back
Then lay small amount putty and sand then wait hours then light paint to normal


Will look like new

Then fill in the bottom and route your gutter away from home
 
Well if it isn't matched up with the existing pattern it will also be a patch job.
If it is that recalled siding then an inspector should catch that also.
If it is a home inspection for sales purposes then I would just sell it as is and provide some sort of discount to the buyer.
 
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