A home appraisal is an objective estimate by a professional appraiser of how much your home is worth. To find the value, an appraiser visits your home, takes a detailed inventory of the property and researches the local real estate market. The estimate is based on many factors, including ...
An online home value calculation gives a general idea of how much a home is worth. A home appraisal is an official opinion. A lender will usually order an appraisal when you apply for a mortgage to buy a home or to refinance a home loan. The appraisal fee, which usually runs about $...
Get free home value estimate of your home using our home value estimator. Also learn what remodeling projects in your neighborhood can increase your home value.
Home value estimates can also be found online for free with tools like Zillow's Zestimate, realtor.com's RealValue tool, U.S. News' Home Value Estimator or the Federal Housing Finance Agency's House Price Calculator, but these are unlikely to be as accurate as an appraiser. Ha...
Real estate firm RE/MAX has also jumped into the game with its ownhome value estimator. While this is likely a ploy to get you to use their services when you sell your home, the online tool is free and easy to use. Best of all, you don’t have to enter any personal data or offe...
Professionalhome appraisalsconsider various factors to determine a home’s value, including size, location, condition, upgrades andlocal comps(or what other, similar homes nearby have sold for). Mortgage lenders require an appraisal before they will approve your loan. ...
Using an online tool for home appraisals, like a home value calculator, is easy and accessible. If you're interested in doing research on your own for your home or prospective homes, aHome Value Estimatorcan help you get started. You simply plug in the address of the home and it’ll pro...
See how much your house is worth with the best home value calculator and appraisal estimator in real estate. Find out the market value of any property.
The Zestimate is not a replacement for an appraisal, CMA or another home value estimator. Key factors that influence home value Home values are usually based on comps, but it's important to consider a home's key factors when choosing comps to use. For instance, if a similar, nearby home...
There’s no absolute formula for calculating fair market value. But it is often calculated by averaging the prices of three or morecomparable homes, or comps, that have recently sold, Garrity says. For a home appraisal, an appraiser examines this group of homes and factors in any positives ...