Home Valuation: Your Best Bet for Finding the Right Price
Whether you are selling your Scottsdale condo, buying your first home or refinancing your existing mortgage, knowing how much your home is worth is critical. Your local real estate professional can provide you with a comprehensive analysis and appraisal, but you can also get an idea of value by using free online home valuation tools.
Zillow is one of the most popular and well-known of all the online home valuation tools. Its user-friendly interface makes it easy to input your address and receive an instant estimate of your Free Home Valuation.
Another popular online home valuation tool is Redfin, which offers a quick and simple way to get an automated pricing estimate. They combine public records with other data sources to produce estimates based on neighborhood comps and trends in the market.
These estimates can differ from actual value by as much as 1 to 10 percent. Depending on the property, they can also miss recent changes or updates to your home, such as a major renovation.
A good real estate agent can determine the true value of your home, considering all of its unique features and neighborhood characteristics. They have access to a wide range of data and can compile tax records, assess the property and even interview neighbors.
Regardless of where you decide to get your estimate, it is a good idea to consult with a mortgage expert before making any final decisions. They can help you find the right loan and the best financing option to fit your needs.