Home Value EstimatorThe Home Value Estimator is a quick, easy, free way to get an estimated market value of the home you currently own or a home you are thinking about buying.
The home value estimate is computed using a variety of data sources - millions of property records, ownership deeds, recent home sales reports, and mortgage records. In addition, details about each home are fed into the database - home characteristics, geography, and sales activity in the area over a specified period of time. This vast amount of data helps us to estimate the value of a home. And, because this data is refreshed on an ongoing basis, you can be confident the values are up-to-date and reliable.
It's not an appraisal, but it's a great place to start!
It's important to understand that while the Home Value Estimator cannot give you an actual appraisal, it can certainly help you determine a home's value. It can be extremely helpful when talking with real estate professionals - and you can absolutely refer to it when talking to your bank about buying or refinancing a home, or about utilizing the equity you have in your home through a home equity line or loan.
How can this help me?
Knowledge is power - and the Home Value Estimator gives you the valuable knowledge you need to get started if you are thinking about buying a home, refinancing your home, or using your home's equity.
You'll have an estimate of fair market value, a starting point you can use in negotiating and determining market trends, and really, as a valuable tool when you sit down and start to think about your home financing needs and plans.
Why are values not available for some properties?
There are several reasons an estimated value may show as "Not Available" for a particular property. The most common reason will be due to missing or conflicting home sales data in that area. Also, valuations estimated with a low degree of confidence will not be displayed. Keep in mind, if you apply for a mortgage, an appraisal will be ordered as part of the home loan process and will be used as the basis for the property valuation for a mortgage loan.