No, reinstall won't work. Either the source file wasn't encoded properly introducing a lag or due to the vid compression/player you are using.
Knowing it's an AVI doesn't give us enough info. Likely uses XVID or DIVX compression.
Using DIVx player, Zoom or MPC player (other then Windows Media Player) usually corrects the problem.
Anyway this topic about sync and lag problems has been covered many times.
Try doing a search on forum for possible solutions.