What’s the Value of Your Home?
Understanding the current market value of your home is a smart financial move. Whether you're planning to refinance, sell, or just want to stay informed, knowing how much equity you hold can open doors to better decisions and future opportunities.
Our valuation tool offers a deeper and more accurate insight than typical listings on popular real estate sites. For the clearest picture, consider requesting a personalized Comparative Market Analysis or scheduling a professional appraisal.
What Does a Home Valuation Mean?
A home valuation assesses the fair market value of a residential property. It's a key part of the buying, selling, or refinancing process, ensuring no one borrows beyond a property’s actual worth. When a mortgage is involved, the property acts as security. If the borrower defaults, the lender may sell the property to recoup their money. A proper valuation helps protect both the lender and borrower from financial risk.
Are Online Valuations Reliable?
Online estimates provide a helpful ballpark figure, but they can miss specific details like new renovations, architectural charm, or historical significance. Automated tools don’t always capture what makes your home unique. For the most accurate valuation, an in-person assessment by a real estate expert or licensed appraiser is highly recommended.
Meticulous Planning
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Completion On Time
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Perfect Execution
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Affordable Prices
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Home Valuation Methods Explained
1. Comparative Market Analysis (CMA)
Real estate professionals use CMAs to evaluate home values by comparing recently sold properties with similar features in your area. Typically, agents select three comparable properties and analyze the differences—such as upgrades, square footage, and lot size. Adjustments are then made to account for these differences, offering a realistic price estimate based on today’s market.
2. Professional Appraisal
A home appraisal is an impartial review done by a certified professional. Lenders usually require appraisals for home loans and refinancing. The appraiser will conduct a thorough interior and exterior inspection, assess comparable property sales, and analyze current market data. The result is a comprehensive report that includes detailed images, a street map, and square footage calculations. Appraisals typically cost up to $500 and are usually paid for by the homeowner.
Why Getting a Home Valuation Matters
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1. Refinancing
When refinancing your mortgage, lenders rely on your home’s market value to determine how much you can borrow. Most lenders will allow you to borrow up to 96.5% of your home’s value, depending on your equity. A current valuation ensures you know where you stand and may help you qualify for better loan terms.
3. Applying for Credit
A Home Equity Line of Credit (HELOC) is a flexible way to access funds using your home as collateral. Most lenders require at least 20% equity to qualify. A home valuation helps determine your eligibility and plays a critical role in a lender’s decision-making process.
2. Home Renovation Planning
Before investing in upgrades, it's important to know how your home's value compares to others in the neighborhood. Over-improving a property can make it harder to sell. A valuation helps you gauge whether your renovation plans are likely to provide a good return or overprice your home in the current market.
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4. Financial & Life Planning
Even if you’re not currently selling or refinancing, having an updated home valuation is smart. It helps you stay prepared for unexpected events, future opportunities, or sudden relocations. Knowing your home’s worth provides peace of mind and equips you to make fast, confident financial decisions when needed.