Home Value Estimator

Written by Jeremy Horelick
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A good home value estimator takes into account dozens of different factors that you may not ordinarily consider on your own. So many variables have the potential to affect property values that no single home value estimator can do it all. That said, there are some that go to greater lengths and weigh more subtle components of an area's makeup and a home's profile when arriving at a figure.

A home value estimator should consider more than just the size of the house, the ZIP code in which it resides, and the number of bedrooms and bathrooms. It must also consider things such as demographic trends, economic forecasts, job growth, school quality, and environmental statistics among others. Additionally, there are "quality of life" indicators such as recreation areas, crime rates, and cultural activities, all of which play a central role.

Find a Home Value Estimator Online

In the past, a home value estimator was the appraiser or realtor involved with a property. Nowadays, the process of sizing up a home's value is largely automated. Many of the services that advertise reliable estimates look to local and national databases for the figures that affect rates the most. These may be registries, tax records, voting logs, environmental impact reports, or any number of other central databases on the Internet.

Ultimately, valuing any home is a dialectical process that is continually open to debate. New dimensions of a given property may be discovered throughout the inspection process, from termites and water intrusion to surprisingly high rates of appreciation throughout the neighborhood. Thus, the door can swing both ways, which means careful attention is necessary from both buyer and seller.

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