To determine the worth of your home, you can use various online tools and resources. Here are some options:
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Redfins Home Value Estimator: This tool provides a free, instant home-value estimate, shows nearby sales and market trends, and allows you to update your home facts and photos.
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Zillow's Home Value Estimator: Zillow's Zestimate is a useful starting point to help you determine an independent and unbiased assessment of what your home might be worth in today's market. You can also compare your home to recently sold properties in the area to better understand its current value or estimate a possible sale price.
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Realtor.com's Home Value Estimator: This tool offers insight into how much your home is worth, provides real-time home value reports, and allows you to compare your home to others in your area.
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Bank of America's Home Value Estimator: Bank of America's tool provides an estimate of your home's value for illustrative purposes only and does not represent an appraisal or confirmation of actual home value.
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RE/MAX's Home Value Estimator: RE/MAX's tool uses an Automated Valuation Model (AVM) to estimate your home's value based on historic, public sales data and trends. Keep in mind that national AVMs may not be a good representation of a home's actual value and have a large margin of error.
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Chase's Home Value Estimator: Chase's tool uses millions of home records in its database to provide a free estimated value of your home or a home you are interested in. Factors that can affect your home's value include its age, current condition, location, market value of nearby homes, the economy, and the current housing market.
Remember that these online estimators can only provide a rough estimate of your home's value. For a more accurate assessment, you may need to consult a professional appraiser or a real estate agent who can prepare a Comparative Market Analysis (CMA) by comparing your home to similar properties in your neighborhood that are currently for sale or have recently sold.
