I got a call the other day from a stranger looking for information on the value of her Albuquerque Condo. The caller wanted to know if I could give her a second opinion. She said she was thinking of selling but was afraid to in this market.
I asked her a few of my usual questions, why did she want to move, had she been watching the market in the neighborhood, did she have an idea how much the condo might be worth, etc. , and that’s when she told me the condo wasn’t hers, but that it belonged to a close family member.
I made an appointment with her to view the condo.
When I got there, she was there and so was the owner. The owner started to tell me how she had already called her Realtor to see if she would sell her condo, but her Realtor told her no condos had sold in the complex over the last year, and that her Albuquerque condo would be nearly impossible to sell. She told her she would be lucky to get $60,000 in this market. Needless to say, when I showed her my report with nearly a dozen recent sales and that she could get considerably more, she was understandably shocked.
You see, just a few days earlier, when she was working on the condo, a man had peeked in the door to see what she was doing. When she explained that she was selling, but that her Realtor had told her she’d be lucky to get $60,000, he quickly said he’d pay $60,000 for it. She was ready to sell the condo to him until her daughter stepped in.
Luckily, this lady’s daughter had Googled Albuquerque Condos for Sale, found my website and called me to get a second opinion.
I understand why this man was so excited about getting a great deal. What I don’t understand is how their old Realtor missed or overlooked the comparable sales. Maybe she was too busy, or perhaps she was distracted, but she almost did her past client a great disservice.
When it’s time to sell your Albuquerque Condo, protect yourself, or your family member, and get a second opinion from someone you can trust.