You’ve probably done a Google search for “what is my home worth?” or “home value calculator.” According to Forbes, 22% of U.S. homeowners who determined their home’s value used an online estimator. Millennials are the big culprit of utilizing these automated valuation models (AVM) . You can find these on any big lending/bank website, or on sites like Zillow, Redfin or Trulia.
A very important step for when you’ve done your initial AVM calculation is to get a comparative market analysis, or CMA. This will give you various sources to weigh your comparisons to get a comprehensive estimate of the value of your home.
One option provided by the federal government is the FHA House Price Index Calculator. It is a more scientific and calculated…
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