Comparative Market Analysis

One of the first things you'll want to know is: "How much is my home or ranch worth?"

Your home or ranch has different kinds of value:

Appraised Value: A professional appraiser's opinion of the value, usually done to satisfy a bank or lender.
Assessed Value: What your county assessor says your home or ranch is worth, based on recent sales.
Replacement Cost Value: The cost to rebuild your home from scratch, usually for insurance purposes.
Emotional Value: It's the home or ranch you grew up in, or raised your children in, in other words, the value to you, as the owner.
Market Value: What a qualified buyer is willing to pay. This is the value you most need to know in order to sell your home or ranch. Bob and Linda Lario can help with this. They are experts at doing a Comparative Market Analysis, or CMA.

The first step in a CMA is a visit by Bob and Linda to look at your home or ranch. They will note all the features, such as square footage, number of bedrooms and baths, whether you have a garage, amenities, how much land your own, and the age of the improvements. Appraisers will use this same information if an appraiser is done on your property.

Second, Bob and Linda will research similar homes or ranches in your area that have sold in the last 18 months. Each home or ranch sold will be compared to yours. They make adjustments to the sold price, so that it will compare more closely with your home or ranch. For example, if the home or ranch sold has three bedrooms, and yours only has two bedrooms, the price of one bedroom will be subtracted from the sold property.

At the end, the Larios will have 6-8 homes or ranches that sold recently in your area with which to compare to yours. Location is probably the single most important factor in determining the value of your home or ranch. Once the CMA is complete, the Lario Team will give you a price range in which the value of your home or ranch falls.

However, the final decision in setting a selling price is yours.

To list your Western Colorado home or ranch now, contact Bob and Linda Lario today for that competitive selling edge!

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Comparative Market Analysis