Trulia: Best Mobile App. Factors we used in our evaluation included ease of use, frequency of updates, accuracy, how websites determined their estimates, and whether they provided additional information such as comparables and neighborhood details. Both the website and app are easy to navigate. While it won't give you a value on your own property, the updated data helps arm you with the information when refinancing or buying a home. Learn about our independent review process and partners in our, The 6 Best Home Estimate Websites of 2020. The Home insurance comparison service is provided by Autonet Insurance Services Ltd, registered in England No. The short answer is maybe. Square Feet. **uSwitch Limited is authorised and regulated by the Financial Conduct Authority (FCA) under firm reference number 312850. Autonet Insurance Services Ltd has its registered office at Nile Street, Burslem, Stoke-on-Trent ST6 2BA United Kingdom. Sarah Li Cain is a writer since 2012 and a Candidate for the Accredited Financial Counselor designation. The Home Estimator. Remodeling Magazine. The best home value estimator Home value estimators have been around for years, and many homeowners frequently check them to see the estimated price of their home. It’s also easy to use, although there currently is not a mobile app for this tool. All of this information is on the same results page. For example, Collateral Analytics is a popular tool that supports real estate professionals and financial institutions. Home estimate websites can be a useful tool for both homeowners and homebuyers. Our algorithm looks at information on all 28 million UK homes. The data also offers estimates for the upcoming month and the next six months, plus the average price of comparable homes and neighborhood trends. *Zoopla Limited is an appointed representative of uSwitch Limited which is authorised and regulated by the Financial Conduct Authority (FRN 312850) to provide this mortgage comparison service. Forbes. If so, we have the answers you need. They can also suggest the highest price they think your home could achieve. Other companies use similar AI technology, but formulas may differ from website to website, which is why you may see a range of price estimates. In addition, users can get insights into the neighborhood on either the website or the app with neighborhood map overlays, statistics on schools, virtual neighborhood tours, and neighborhood reviews from locals. The app has fewer features than the website, but it does include a home value estimator tool. Why research your home value? © 2020 Zoopla Limited. By using The Balance, you accept our. Use our home value estimator to get a fast, free and instant value for your home. Its home value estimator is called the Zestimate, which provides an approximate value for your home based on public and user-submitted data. "How Accurate Are Zillow Estimates?" Our Zoopla estimate will give you a guide price, based on analysis of the richest sources of property data in the UK. If you simply want a good indication of your home's worth, a Zoopla estimate is a great guide. Knowledge is Power. Just plug in your address and get an estimate in seconds. We also reference original research from other reputable publishers where appropriate. With an accurate home value estimate, you’ll be ready to counter offer buyers when your home is listed for sale. In other words, your home’s current value will affect your home equity, one of the main factors when determining your loan amount. These include white papers, government data, original reporting, and interviews with industry experts. Our algorithm looks at information on all 28 million UK homes. But there's a problem. For example, non-disclosure states (states that don't require disclosure of sales) won’t have sales data on their public records, which can make it more difficult to come up with an accurate estimate. It's quick, free and uses some of the industry's most trusted sources, so it's pretty accurate to boot. Different websites like Zillow or Redfin, for example, use proprietary models and formulas to calculate these numbers. ***Based on a search within the London postcode areas (E, EC, N, NW, SE, SW, W, WC) on other UK online property portals. Another occasion when you’ll need a paid home estimate is when you’re looking at refinancing. 3642372. AutoNet Insurance Services Ltd is authorised and regulated by the Financial Conduct Authority (FCA) (Registration number: 308213). How We Chose the Best Home Estimate Websites, 5 Expenses That Shock First-Time Homebuyers, The 8 Best Real Estate Designations of 2020, The 6 Best Digital Insurance Companies of 2020. Are you looking to sell, remortgage or see whether your home has risen in value since you bought it? Additionally, it provides recent home sales in the area and median real estate values in neighboring areas. Once you enter your address in the search bar, you’ll see three different price estimates, provided by companies trusted by realtors. Zillow updates its information daily and the estimates have a 1.9% margin of error for homes on the market and 7.5% for ones that aren’t. Trulia’s data is updated daily. If you simply want a good indication of your home's worth, a Zoopla estimate is a great guide. The first step in selling your property is to get a valuation from local experts. This website is the most trusted by realtors because it’s associated with the largest realtor associations and uses data that real estate agents themselves use. The same goes for home equity loans. As the official website of the National Association of Realtors, offers a home estimate tool through its “My Home” section on its website. "What to Know About the Appraisal Before You Apply for a Home Equity Loan" Accessed April 2, 2020. These are important financial decisions that should be made only after obtaining an accurate estimate of your home’s value. Although other home estimate websites have apps, what we like best about Trulia’s is that theirs is much more user-friendly, has clear navigation, and sports a clutter-free interface. Redfin provides some of the most up-to-date data: its website and app use the MLS, or multiple listing services, to determine property values that are updated every 5 minutes. Once you enter your address, you’re able to see prices for homes for sale in your neighborhood, price trends, and comparables. Discover. Choose an option below to discover your home's worth. We selected Redfin as the most accurate home estimate website because of how it updates data throughout the day and its low margin of error for home prices. Redfin is a real estate brokerage that offers home buyers and sellers access to full-service discount realtors and provides online tools such as a home value estimator. Use our home value estimate comparison to find out what the popular AVMs say your home is worth. Accuracy has improved in recent years, but there’s still room for error. Skip to content. The app offers real-time alerts if you want to keep an eye on comparables in your area to help you estimate your home’s value. Best Overall: Zillow. Find out your home’s current market value with our free home value estimator. An agent valuation is the process of an agent inspecting your home to assess its current value. "Methodology and Confidence Levels." Getting an estimated value for your home is a good first step towards deciding when you should sell. Accessed April 2, 2020. If your address's correct our estimator starts researching all the home value estimators online and give you a final number for your house! Using a home estimate website to conduct some research may help you gain better insight into what it’s worth. There’s also a map so you can see where each property resides. Trulia. The Balance uses cookies to provide you with a great user experience. Loans Warehouse Limited is authorised and regulated by the Financial Conduct Authority (FCA) under firm reference 713110. Three-tier system after lockdown 2: what will the “tougher” coronavirus measures mean for the property market? Their website and app are intuitively built to easily search so that within seconds you can get what Zillow calls a Zestimate, which is their proprietary tool to estimate a home’s value based on certain data points. You can learn more about the standards we follow in producing accurate, unbiased content in our, We publish unbiased reviews; our opinions are our own and are not influenced by payments from advertisers.