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If you have feedback about an individual agent or office, please locate the office and contact the manager. There are a variety of ways to get the information you need, depending on how much time and effort you are willing to put in, as well as cost if you seek professional help. Understand your home's value to determine how much equity you can leverage for a cash-out refinance. In some parts of the country, we may have basic information on some homes — but not enough information about enough homes to compute a Zestimate. The Redfin Estimate History graph provides a look back at how a home's value changes over time. The Redfin Estimate value each month represents the Redfin Estimate average of all the days in that month.
How accurate is the Zestimate?
Checking a home valuation tool periodically can be helpful even if you’re not thinking of selling. The Redfin Estimate is updated daily for homes that are for sale, and weekly for those that are off the market. Homes from Butchertown to Jeffersontown are set to see changes in their home’s assessed value — and later, their property tax bill — thanks to this year’s round of reassessments.
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Our estimating method differs from that of a comparative market analysis completed by a real estate agent. We use data from a geographical area that is much larger than your neighborhood — in fact, we often use all the data in a county to help calculate the Zestimate. Though there may not be any recent sales in your neighborhood, even a few sales in the area allow us to extrapolate trends in the local housing market.
And Did We Mention Our Agents?
If your ultimate goal is to sell your property, a Realtor can help determine the value of your home and an accurate sales price. The comparative market analysis (CMA) provides you with an estimate of your home’s value based on the Realtor’s assessment of the residence and housing market trends in your area, including recent purchase prices for comparable homes. Our models can find neighborhoods similar to yours and use sales in those areas to extrapolate trends in your housing market.
Make sure any renovations done to your home are accurate and up-to-date. If you’ve redesigned your kitchen or installed a swimming pool, you’ll recoup some of what you paid for these upgrades when you sell. But your return on investment will vary depending on what kind of renovation you did, and how desirable it is to buyers in your area.
The most accurate online home estimate
Typically, national AVMs are not a good representation of a home's actual value and have a large margin of error. The values generated by AVMs are based on automated computer modeling from public records and may not represent the true value of the home as they cannot take into account the nuances of our local market. The Zestimate is based on a complex and proprietary algorithm that incorporates millions of data points.
Others, like the current economy and local housing market trends, are less in your control. A CMA is a free report prepared personally by one of our agents that compares your home to similar properties in your neighborhood that are currently for sale or have recently been sold. While the Zestimate is the estimated market value for an individual home, the Estimated Sale Range describes the range in which a sale price is predicted to fall, including low and high estimated values.
We’ll walk you through the loan qualification requirements, various first-time homebuyer programs, and loan options available. Believe it or not, there is a right time, and knowing when that is can get your home sold faster and at a higher asking price. Pennymac’s Home Value Estimator will take the address of a property and weigh multiple factors in order to give you a reliable estimate. We refresh Zestimates for all homes daily, but on rare occasions this schedule is interrupted by algorithmic changes or new analytical features.
It is a computer-generated estimate of the value of a home today, given the available data. There are three main types of home valuation, and all might assign slightly different dollar amounts to the same house. For example, the same home may have an assessed value of $300K, an appraised value of $395K and a fair market value of $400K. Any number of factors might affect the value of your home, including the neighborhood you’re located in, the size of your lot and the age and condition of the structure itself. While this calculator is designed to help you to understand the estimated value of your house, the actual value of your house might be above or below the result and is dependent on other factors.
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If you see two Zestimates for the same property, please let us know by visiting Zillow Help Center and selecting Submit a request. You may see more than one Zestimate for your address if you are a homeowner with multiple parcels of land. If you officially combine parcels, the county will send us updated information. To get a federally guaranteed loan, a law called FIRREA (the Federal Institutions Reform, Recovery and Enforcement Act) requires you to get an appraisal from a professional appraiser. Lending professionals and institutions are prohibited from using other services when making any loan-related decisions. However, for some homes we may not have enough data to provide a home valuation that meets our standards for accuracy.
To calculate the Redfin Estimate, we combine hundreds of data points about the market, the neighborhood, and the home itself—all to provide you with the most accurate home-valuation tools. The best way to value your home is to check and compare the sold prices of similar homes around you. Property type, square footage, age, location, renovations, and much more can impact your home's market price. Refinance your existing mortgage to lower your monthly payments, pay off your loan sooner, or access cash for a large purchase.
Or if you're buying, it can indicate how much competition you'll face when you make an offer. Compare Redfin CompeteScores in Raleigh, Philadelphia, Houston, and Sacramento, or check your own neighborhood's score on Redfin.com. One useful tool to help with home valuation is to see what companies are willing to pay for your home, which can be done at the Seller’s Marketplace.
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