One option is to put your address through a few different tools to see what you get. We queried the eight sites below for their estimate of the same home in the Dunwoody suburb of Atlanta, so you can get a sense of what each one provides:
HomeLight’s Home Value Estimator
With HomeLight’s tool, you can input your address, and the software will analyze millions of real estate transactions, collect details about your property with a short questionnaire, and pull in the most important elements of a comparative market analysis. Users then receive a preliminary estimate of value in under two minutes sent to their email inbox.
For a deeper understanding of your home’s value and current market trends, you’ll want to get a comparative market analysis from a local real estate agent. HomeLight provides a list of top-rated agents in the same email that contains your home value estimate, making it easy to take the next step if you choose to do so.
RE/MAX
Enter your address and click "Get Estimate," and RE/MAX will confirm that it has listed the correct number of beds, baths, and square footage for your home. The next screen shows a range of estimated value provided by SmartZip, which takes into account a number of variables.
Alongside the estimate of home value, RE/MAX’s tool shows a map of comparable homes for sale in the same ZIP code for homeowners to explore local trends more in-depth. Users seeking additional information can also click the “Contact us” button, and RE/MAX will follow up with a more accurate assessment.
Now let’s review each tool more in-depth. These online home value estimators are a great starting point for homeowners who want to get an estimate of their property's worth. While they may not provide an exact value, they can give you a general idea of what your home might be worth in the current market.
HomeLight’s Home Value Estimator is a popular tool that uses a comprehensive algorithm to analyze millions of real estate transactions. By collecting details about your property and utilizing a comparative market analysis, it provides users with a preliminary estimate of value in just two minutes.
On the other hand, RE/MAX offers an online home value estimator that confirms the essential details of your property, such as the number of bedrooms, bathrooms, and square footage. It then provides a range of estimated values using SmartZip's patented AVM algorithm, which takes into account various variables.
Both tools have their unique features that set them apart. HomeLight not only provides a preliminary estimate but also offers a list of top-rated real estate agents in your area who can provide a more comprehensive comparative market analysis. This makes it convenient for homeowners who are looking to take the next step in the selling process.
RE/MAX, on the other hand, goes beyond the estimated value by offering a map of comparable homes for sale in your ZIP code. This allows homeowners to explore local market trends and gain more insights into the value of their property. Additionally, users can easily contact RE/MAX for a more accurate assessment if they need further information.
These online home value estimators are just two examples of the many tools available to homeowners. While they can provide a helpful starting point, it's important to remember that they are not a substitute for a professional appraisal or the expertise of a local real estate agent.
