How We Estimate Your Home's Value
Our home value estimator uses a proprietary algorithm that analyzes millions of data points to provide you with a reliable estimate. Here's a look at what we consider:
- Recent Sales: We look at comparable homes ("comps") that have recently sold in your area.
- Market Trends: We analyze whether home prices in your neighborhood are rising, falling, or holding steady.
- Public Records: We use property tax records and other public data to understand your home's specs, like square footage and number of bedrooms/bathrooms.
- Listing Data: We also consider data from homes currently for sale or recently taken off the market.
"Understanding your home's value is the first step in unlocking your equity and making informed financial decisions."