Whether you are buying or selling a home or are simply curious to know how much your home is worth, there are free resources that can help. However, Zillow.com and Cyberhomes.com are the leaders when it comes to online home valuation.
Go to Zillow.com and cyberhomes.com.
Type in the address of the home you would like to find the value on the search bar. A street address and zip code is all you need to enter.
Add the two values from the two websites together and divide by two. This will give you the average value since the sites use different formulas in determining the price of a home. Cyberhomes generally gives a more conservative figure.
Use this information to do the following: determining the price you would like to sell your home for; negotiating a sales price of a home you are interested in buying; determining whether refinancing is an option; and tracking your net worth.
Use these sites if you are thinking of relocating to another area of the country. You may edit the details of the home on either sites website if it is not accurate. Zillow will allow you to list your home "For Sale" on its site.
Newer homes may not be in Zillow's or Cyberhome's databases yet. Check back periodically for updates.