How a Free Home Appraisal Works

Your home is likely one of your biggest assets, so knowing what it’s worth can help you make informed financial decisions. Its value can influence everything from selling or refinancing to assessing property taxes, insurance, and estate planning. Because home values change with market conditions, neighborhood trends, and property improvements, an older estimate may no longer be accurate. A free home appraisal can provide a convenient, up-to-date estimate without an upfront cost. Many banks, lenders, and real estate websites provide online home value estimator tools, also known as automated valuation models or AVMs, which are convenient to use. While the results of these tools can be limited in accuracy, you don’t want (or need) to pay up to $500 for a professional appraisal when you’re just in planning or curiosity mode. Curious What Your Home Is Worth? Get a near-instant real estate house price estimate from HomeLight for free. Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Whether you’re looking to remodel the kitchen, figuring out whether to sell you...