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Property Valuation

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: The value to you, as the owner, of the home in which you grew up in or raised your children.
  • 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. 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. They will note all the features, such as square footage, number of bedrooms and baths, whether you have a garage, your home’s amenities, how much land you own, and the age of the improvements. Appraisers will use this same information if an appraisal is done on your property.

Second, Bob and Linda will research similar homes in your area that have sold in the last 18 months. Each home sold will be compared to yours. They make adjustments to the sold price so that it will compare more closely with your home. For example, if the home 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 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. Once the CMA is complete, the Lario Team will give you a price range in which the value of your home falls.

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

To list your Paonia or Delta County home now, contact Bob and Linda Lario today for that competitive selling edge!

What our clients say

When I listed my property with Bob and Linda Lario in 2017, I knew it would be a difficult property to sell; however, I had no idea just how complicated and draining the process would be. I truly believe that without Bob and Linda as my Realtors, the property would still be for sale and I might be in some sort of lock-up! I cannot recommend them highly enough. Although the property had a lot of positives, it also had a bundle of negatives, that, at times, seemed to be total deal killers. From the beginning Linda was on top of all the complicating details regarding water rights and title. Bob was turning the negatives into positives and focusing on making the property desirable to buyers. It’s hard to put into words the qualities of attention to detail, creativity, professionalism, commitment, knowledge and skill that the Lario Team brought to the table. The expertise gained through their years in the business made all the difference. There wasn’t a single problem that couldn’t be solved or frayed nerve (mine and others’) that couldn’t be calmed. And, in the end, I received nearly my full asking price! It was a pleasure doing business with them; wish I had more land to sell!

— Leah Audin