To determine the value of your property, you can use various online home value estimators. These tools provide an estimate of your homes worth based on factors such as location, size, condition, and recent sales of similar properties in the area. Here are some popular home value estimators:
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Zillow: Zillows home value estimator, called Zestimate, provides an independent and unbiased assessment of what your home might be worth in todays 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 for your home.
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Redfin: Redfins home value estimator provides a free, instant home-value estimate, nearby sales and market trends, and updates your home facts and photos. You can also receive a monthly email with updates about your home value and how its changing.
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Realtor.com: Realtor.coms home value estimator offers insight into how much your home is worth. You can enter your address to get an instant home value estimate, keep your homes details up-to-date, and explore different ways to sell.
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Bankrate: Bankrates home valuation tool provides an estimate of how much your house is worth. It also explains the three main types of home valuation: assessed value, appraised value, and fair market value.
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RE/MAX: RE/MAXs home value estimate comparison tool provides Automated Valuation Model (AVM) estimates for your home. You can also get a free report prepared by one of their agents that compares your home to similar properties in your neighborhood that are currently for sale or have recently been sold.
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Bank of America: Bank of Americas home value estimator provides an estimate of your homes value based on recent sales of similar properties in your area. It is intended to be used for illustrative purposes only and does not represent an appraisal.
Keep in mind that these online home value estimators are not a substitute for a professional appraisal. A real estate agent can provide a more robust comparative market analysis (CMA) after evaluating your home and taking into account any special features, its location, and local market conditions.
