What is my Home Worth?

A home valuation tool, also known as an automated valuation model (AVM), provides a quick estimate of your home’s potential value. An AVM uses publicly available real estate information, which is processed to determine a suggested property value. Typically, valuation tools consider recent sales data, local market trends and the unique characteristics of a property.

Every valuation tool is slightly different, so our Home Valuation Report includes data from four different AVMs to help you determine the best list price for your home. A valuation tool cannot replace the expertise and market knowledge of an experienced real estate agent, but a Home Valuation Report will help you set the best list price for your home.

A home value estimate is only as good as the market data that it provides. Numerous online tools deliver an estimated value based on your address, but very few offer real data from home sales in your local market. The advantage of a Home Valuation Report is that it provides information on comparable properties, as well as an estimated value that is determined through four automated valuation models.

While a home value estimate is based on current market data and comparable sales, it’s important to remember that no automated tool can account for every unique detail of your property. We’ve provided a list of experts in your area that can review the results of the report. Consult one of these local real estate agents for the most accurate evaluation, or consider getting a home appraisal.

No, our estimated home value is not a substitute for a formal home appraisal. The Home Valuation Report provides general pricing information based on available data, while a licensed appraiser performs a detailed evaluation that is often required by lenders.

You can use this estimate as a starting point to understand your home’s value. From there, a listing agent who understands your local real estate market can help you set the right price. When your home goes under contract, the buyer is likely to seek a formal appraisal as part of the mortgage process.

There are several factors that influence your home’s estimated value. These include the property's location, size, number of bedrooms and bathrooms, and overall condition. The area where your home is located also plays a role in the value of your home. The surrounding neighborhood, recent comparable sales and market conditions help determine your estimated home value.

There is no hard-and-fast rule on how often you should check your home’s value. However, there are situations where it is important to know what your home is worth. It’s wise to check your home’s value if you’re planning to sell, refinance, take out a home equity line of credit (HELOC), or secure a home insurance policy.

If you received a home appraisal when you purchased your home, you might think that it is a good indicator of your home’s current worth. However, because the real estate market fluctuates, a home appraisal typically expires after 90 days. Periodically monitoring your home's value will help you stay informed about market trends and make the right decisions when it’s time to sell or refinance.

Yes, certain home improvements can help boost your home’s value. Start by thoroughly cleaning and decluttering, with a focus on curb appeal and home staging. If you want to make larger home improvements, recent data shows that refinishing or installing hardwood floors will deliver the largest return on investment.

Renovations, such as updating kitchens or bathrooms, can also increase the estimated value of your home. Consult a real estate agent to discuss how your property stacks up to the comparable homes in this report. Need expert advice? Every Home Valuation Report includes recommended real estate agents who are experts in your local market. Your agent can advise you on the upgrades that will improve your home’s value and command a higher sales price.

You must determine a fair list price when selling your home. The Home Valuation Report is your first step toward understanding your property’s true value. You can download the full report and share it with your real estate agent. From there, your agent can conduct a comparative market analysis, where they will analyze recent sales and similar properties to determine the right price for your home.