RealAdvisor’s home valuation tool gives you a real-time estimate of your home’s value. Our valuation model is based on analyzing actual closed sales in the vicinity of your home. We also layer homes currently for sale that your home will be competing against.
To provide an accurate and reliable home value estimate we analyze multiple data points across the following criteria:
Our home valuation model has a higher degree of accuracy as we take into account thousands of recent sales in your area to gauge market trends. We then layer relevant comparable sales in your local neighborhood using our 70 criteria model. Next we analyze current homes for sale. The result is a reliable home value estimate.
We use real-time data from local county records where all home sales are recorded. We also use data feeds from the local real estate associations where all homes for sale are listed. Our valuation model is continuously updated with recorded closed sales data and the most current listings. We provide value estimates based on the most recent information available.
There are alternatives to our free home valuation tool to calculate your home’s value. You can hire an appraiser who can give you an actual appraisal report. You can also have a local real estate agent give you a comparative market analysis (CMA). This is another form of finding out your home value.
Usage of home value estimator there is no only one way how you can estimate your home value. There are some other methods how to calculate the home value, for example using an appraiser, looking up the property's assessment value, or hiring a real estate agent to provide a comparative market analysis.
There are numerous reasons homeowners may need to know their home value. The most common reason is if you are thinking of selling. Getting an online home value estimate is a starting point to plan your finances for your move and helps you prepare to find a local real estate agent.
Another common reason is if you are thinking of refinancing or getting a home equity loan. You will need to know the value of your home and compare it against what you currently owe against it. This will determine your equity and allow you to plan accordingly.
One additional instance where you may need to know your home value is for insurance purposes. There are types of insurance that will require that you provide a value for your house in order to issue certain types of policies.
Lastly, you may need to contest your local tax assessor’s value estimate. There have been many instances in which the assessor has overvalued property and charged homeowners excessive taxes.
You will get a home value report instantly once you go through our short home value estimation questions.
If you got a home value report to get an idea of what your home will sell for, the next step is to talk to a local expert. You may be contacted directly by one of our RealAdvisor Pro partner agents, or you can reach out to one of them on your own.
A local expert will schedule an in person visit to further assess your home’s value, prepare a thorough Comparative Market Analysis (CMA), and help you plan for a potential sale.
The value of your home is dynamic. It changes based on the most current market data and market trends. You should check your home value when you have a need to do so, or if you are just curious.
An online home valuation tool is a simple, easy, and fast way to know what your home is worth in today’s market.
Since online home valuation tools are free, you can also save yourself some money in the process.
Will an online home value estimate online be reliable or accurate? In the majority of cases, automated home values are accurate. They work particularly well in metropolitan areas where there is plenty of data to feed the valuation tool.
Automated Valuation Models are widely used in many industries as reliable measures of home values. Banks use them often when issuing loans to borrowers. Insurance companies make use of them as well.
When you use our online home valuation tool, you will get an accurate and reliable home value report based on today’s market. The report is free and there is no obligation to do anything else.
A CMA is a commonly used tool that real estate agents use when they list a home for sale. Since the property is not appraised until there is a buyer who applies for a mortgage, a CMA is the first part of establishing a home’s value in order to list it at the right price.
