How much is your Ruidoso or Alto home / land worth?
I will provide you an actual CMA (comparative market analysis) when you TEXT or call me at 575-937-3688. Or you can simply type in your address below. I have 17+ years experience selling in the Ruidoso and Alto areas.
How much is my house worth?
AI/websites CANNOT do a proper CMA 👎
This is why Zhmillow’s “Zestimate” is so inaccurate. Look up your house’s “GUESStimate” and see how insulted you feel (like the guy above). It’s a shame how many people think it’s legit and remotely accurate 🤦♂️ . It may OVERvalue also… The point is, computers don’t know the neighbors. They don’t know the neighborhoods. All they see is numbers. They don’t see the broken boat and junkyard across the street from the house. They don’t know that you put 200K into the dilapidated Junker they queried Google’s street view pics from (they don’t do that even). While I have used Chat GPT on occasion, and AI has it’s place, AI has no business being involved in the valuation process for the highest valued assets we will ever own. Real Estate. It can keep it’s sticky little AI hands off… Don’t take my word for it. Look at this one lawsuit of many filed against Zillow. More on Zillow illegal actions here .
We talked about robots 🤖 , but let’s talk about people…
The “Loser”
There are people that want to tell you your home is only worth _____(less than it is). Listening to these people can cost you tens of thousands of dollars… I have seen it happen time and time again! In ALL of these cases, not only do the sellers leave big money on the table (for the buyer to profit from), they perpetuate an inaccurate picture of the market and cost their neighbors big time (by selling too low and giving us a low comp)! Thanks a lot…
Some houses have tons of deferred maintenance and need SERIOUS updates. These are the deals that are still to be had out there. Deals to be had for people who are not afraid of “a little” work. But when construction replacement costs are around $350-$400 per sq ft (before you consider land or utilities), people need to be realistic and expect to pay market price for something clean and solid, especially if someone just dropped 100k and blood sweat and tears into a project to “make it shine”.
The “Winner”
The opposite of the “loser”, the winner, might actually have a great track record to speak of. They may even have a great volume of PAST sales to brag about! They may however, inflate the market price and, “puff it up” unrealistically; when in reality the market does have many caveats that require delecate and precise navigation.
These overly optomistic “winners” whisper sweet nothings into your ear about some high price that, in reality, is not attainable for your house. The reason I feel so strongly about this is becuase they paint this picture just to get your hopes up that you can get more money then its truly worth, just to GET A LISTING FOR THEMSELVES. We aim to always do whats best for our customers, even if its costs me a listing, at least I tell you the truth about value of your home.
The “winner” can also potentially cost you a substantial amount of market time and getting your hopes up. I’ve seen houses actually sit there for a full year and longer. Price reduction after price reduction and still the listing expires, only to be listed with a new broker, who immediately chops down the price substantially! Just price it right to begin with (based on your strategy) and you will have a much more rewarding and successful experience. Setting realistic ‘market time’ expectations and pricing accordingly, is the key. ie. If you have a year and “don’t need to sell”, then price it higher. If you need to move it quick, and don’t have a year to wait, price it low! It’s really common sense, but if you don’t consider other crucial market and subject property specific issues, and you are unrealistic or deviate from the formula too far, you won’t have a good time…
The Guru
The guru has been observing. He has been watching the winners and the losers and their blunders… Not only has the guru learned from the mistakes of others (and his own), but he has tried and tested these theories himself. He knows that his methods of true balance, are the most accurate by far. The guru has much experience. More important than ‘experience’, they have ‘market specific’ experience. The guru is not a new retiree who is suddenly a market expert in the area, because they just moved to the area and got real estate license.
Some may confuse ones ability to underprice listings to, “sell fast” with actual skill… It takes no skill to list and sell an overly discounted property. If you are going to dangle a substantial amount of money out to the public, people will quickly take advantage of you (and you’ll get multiple offers 1 day into listing it). If you price too low, people will buy too fast. If you get an offer the same day, chances are you underpriced your house. That is why it’s ultimately the sellers decision on list price. A guru provides 3 price ranges based on actual market data, after all caveats are considered and adjustments have been made. Brett provides a low, med, and high value. You choose the sweet spot based on all the information and data that Brett provides.
I’ll never send you emails or stuff/junk you don’t want.
I am also not forcing you to input your email address before you can ask me a question or get more info about a listing… What I am saying is, ASK ME like a real person and call or text my cell phone 575-937-3688. My name is Brett Nichols and I have been a Realtor in the Ruidoso / Alto area for over 17 years.
I look forward to working with you! 🙏
