If you're thinking about selling your home, buying one, or refinancing your mortgage, you should first speak with professional real estate agents and mortgage bankers. They're on the ground overseeing home sales every day. So, they have the latest information on prices, sales trends, interest rates, and whether your home style is hot or not.
Still, sometimes, you just want to know how much your home is worth. You may want to be as informed as you can be before you speak with a real estate agent or mortgage lender. Or you may want to know how much your home is worth, just for fun.
You probably know that home sales are on the rebound, after years of slumping. In fact, existing home sales in August were up 6.2% over last year, according to the National Association of Realtors. Prices were up 4.7%, to just under $229,000.
But, what about your home? How much is it worth? The NAR gets you a little closer to knowing that by publishing statistics about houses in regions of the country.
However, that doesn't do you much good when it comes to finding out how much your house is worth. That's where sites like Eppraisal come in.