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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: 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.

We can help you determine your property’s Market Value. We have many years experience doing Comparative Market Analyses, or CMAs.

The first step in a CMA is a visit by the Lario Team to look at your property. We’ll note all the features, including square footage, number of bedrooms and baths, whether you have a garage, your home’s amenities, age of the improvements, how much land you own and irrigation rights. Appraisers will use this same information if an appraisal is done on your property.

Second, we’ll research similar properties in your area that have sold in the last 18 months or are currently under contract (comparable properties or “comps”). Each comp will be compared to yours and adjustments made to its price so that it will compare more closely with your home. For example, if the comp home has three bedrooms and yours only has two bedrooms, the price of one bedroom will be subtracted from the comp. Location is probably the single most important factor in determining the value of your property.

We’ll end up with 6-8 comparable properties in your area with which to compare to yours. Once the CMA is complete, we’ll give you a price range in which the value of your property falls.

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

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

What our clients say

Hi Bob & Linda: Just thought I would write to you two and let you know my thoughts on the real estate transactions that you brokered for me. I have dealt with a lot of real estate brokers in the last 40 years and am very cautious when buying or selling in a new area. I called on one of your listings and talked to you at length about it. I was engaged in a large 1031 exchange so I was looking for a broker with expertise in this area. I came to your area and looked over the ranch I had called about and it wouldn't do so we started looking for something that would work for us. You folks were so professional and you really did a lot of digging for us. When we made several offers on ranches you really did your homework and I was impressed by your work ethic. We ended up purchasing a ranch thru you and were really pleased. It was a painless 1031 Exchange transaction. A year later you called me and told me you had a buyer who wanted our ranch that you had sold us and you asked if I wanted to sell the place. I said I wasn't really looking to sell but if the price was right and I could find a replacement ranch I would consider it. A month later we had the property closed and again it was so smooth. You two are absolutely the finest professional Realtors I have ever worked with. I am pleased not only to have you as my real estate professionals but consider you as good friends also. Good friends are way more important to us than the business stuff. Thank you again,

— Bob and Yvonne Neary