How Do You Estimate the Market Value of a House?


Quick Answer

Using home value estimating tools and applications on real estate specialty websites, such as Zillow.com and Trulia.com, is a good place to start when estimating the value of a property. While both websites are recommended by USA Today, homeowners should keep in mind that the prices are mere starting points and are not meant to replace professional appraisal or a comparative market analysis, notes USA Today.

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Full Answer

The home value estimating tools on Zillow.com and Trulia.com are simple to use and require only the address or ZIP code where the property is located. The tools work by making calculations from public and user-submitted date. Homeowners also have the option of updating the value figures on the websites, notes USA Today.

The following shows how to use the home value estimating tools on both Zillow and Trulia websites.

  1. Go to the websites
  2. Type Zillow.com or Trulia.com into the browser and then press enter.

  3. Go to the home value estimator page
  4. To navigate to the estimator tool, mouse over the "Sell" option on the menu on the home page of both websites to display the sub-menu. Click on "What is my home worth?" link on the sub-menu.

  5. Use the estimator tool
  6. Type the address or the ZIP code of the property and then click on the search button on Zillow.com or the Get my Personalized Estimate on Trulia.com.

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