Lenders require an appraisal before they'll approve a mortgage, but as a property owner, you can hire an appraiser to
estimate home value at any time.
A recent change in the logic improved the accuracy of the
median estimated home values and the figures associated to changes over the last 12 months for neighborhoods.
A recent study by ATTOM Data Solutions found that the average
estimated home value for homes with at least one good school in their zip code is 77 percent higher than the average value of homes in zip codes that lack high - performing elementary schools.
A lawsuit aimed at stopping Zillow
from estimating home values on the popular website has been dismissed by U.S. District Court Judge Amy St. Eve.
In addition to this, you'll have to include: zip code,
estimated home value, loan / refinance type requested, current mortgage balance, estimated credit score, birthday, military record, bankruptcy information, foreclosure record, address.
But in 2009 in California, Florida, and Nevada, more than 20 % of mortgages presently have principal balances that are greater than
the estimated home values.
«Having Automabots is like having a combined listing agent, buyer's agent and admin available 24 hours a day, 7 days a week to help my customers find properties,
estimate their home value and get answers»
A SmartZip CMA report provides
an estimated home value range, computed using a proprietary algorithm based on hundreds of distinct variables on over 80 million residential homes across 56,000 U.S. neighborhoods.