Estimating Your Home’s Value
There are many free Internet tools that can assist you in assessing your home's value. Before you utilize these tools, know they do not suffice as a substitute for an official appraisal. However, they can take away some of the guesswork by giving you a ballpark figure.
Popular real estate websites proffer property value estimates based on a variety of factors. Bedrooms and bathroom size and year built are among the factors taken into account in an estimate. These Internet resources also consider the sale price of comparable homes in your area.
While these tools have modernized the real estate market, they may generate inflated data. Future upgraded online real estate tools will better track all of a home's features. Be sure to consider the prices on these sites before naming your price.