Foreclosure Buyers Turn to Online Appraisals

Lenders have been using these tools for years  to evaluate their own portfolio of foreclosed properties. Now investor's and homebuyers are using electronic appraisals as the first essential step to buying foreclosed properties.

 

Having a qualified starting point on a fair market price can be measured in saving thousands of dollars in commissions for the do-it-your-self homebuyer or seller. Automated valuation models provide an important and inexpensive tool for any foreclosure buyer.

 

What's My Home Worth?s are a handy free online tools for quickly evaluating foreclosure properties or any home prior to making an offer. No matter if your looking to buy a home, sell your home or invest in one of the many foreclosure properties available today an What's My Home Worth? estimate will quickly answer vital vital question -  What's Your Home Worth?

 

A HomeGain's free home valuation report is produced by an automated valuation model, or AVM for short, that returns a value based on current online public record data and proven mathematical algorithms.

 

AVM's work best for preliminary research that will help you determine which properties meet your budget and investment criteria without spending a lot of money in the process.

 

Depending on the report you order, the data returned will include:

  • Automated Valuation Model (AVM)

  • Accurate Market Value

  • Up to 15 Recent Comparable Sales

  • Detailed Maps with Comps

  • Real-Time Property Information

  • Tax Assessor Data

  • Lot Size, Square Footage

  • Legal Description

  • Sales History

  • Charted Valuation - Trend Graphs

Online appraisals allow you to determine which properties have profit potential before you spend money for on-site appraisals. But, when it comes to the precise science of home value and your final decision, you will want to consult a Realtor or professional appraiser for the final inspection. An on-site appraisal will take into account view, landscaping, remodeling, condition wear, curb appeal, fine fixtures and materials, floor plan, room sizes, neighbors and the appeal of neighboring properties, or access.

 

In the meantime, you can full out a quick 60 second form to receive a free comparative market analysis plus neighborhood comps  Get your homes value for free.

 

 Planning to Sell or Buy a Home? Compare REALTORS® First. It's Fast and Free!

 

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This valuation estimate is based on local property values, prices and recent sales of comparative houses and homes in your area and is not intended to be, nor should it be, relied on as a real estate appraisal or similar report rendered by a licensed, professional appraiser or a Comparative Market Analysis (CMA) conducted by a real estate agent selected through HomeGain. Always consult a licensed real estate appraisal professional or experienced, local real estate agent before contemplating any real estate transaction.