There are many types of home appraisal that you can get but only a few are free. This article will explore the various types of free home appraisals so that you can decide which ones are worth using.
The first type of free appraisal service is your local real estate agent. Find an experienced real estate agent who has time to create a comps list for you. Normally real estate agents will offer an estimate as to how much your home is worth in order to earn your business. Real estate agents have a large database to draw from to get comparable sales in your area. This will help the agent create a fairly good estimate. Keep in mind that some agents might inflate the price in hopes that they will get to list your home.
The second type of appraisal that you can get for free is one of the many free online appraisal services. These services ask for minimal information about your house and location and then within seconds will give you an estimate based on historical sales. The good part is that the service is free but the bad part is that there may not be enough past sales data to determine an accurate value. HomeGain and Zillow are two of the leaders and offer fairly good home value estimates. When you use these services make sure you try a couple of them. Take the calculated estimate and average them together. Knowing your home value is very important.
If you are buying or selling a home you need to get a home appraisal, so try one of these free services.
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