The value of your house doesn't have to be a secret.
A home valuation removes a lot of the guesswork of knowing what your home is worth and why. Real estate professionals have tools that they can use to find property value, but they aren't geared toward home owner use. But eppraisal is different. It uses much of the same criteria, and puts the information in your hands.
Here's what you can expect to find in your own property valuation:
#1: County / Public Record Information
One of the first things you'll notice about a property valuation is the public information. These are the vital statistics of your house, and may include details such as the assessed taxes, physical address, parcel number, square footage, number of bedrooms and bathrooms, and whether the house has a garage. You might also find information on the type of HVAC system that your home has, the type of roof, whether there's a basement, and if there are any zoning restrictions.
Location Information
The location information is more about where the house sits than the house itself. This covers the county and city, municipality and township, subdivision, region, and the Core Based Statistical Area (CBSA). You'll also find the postal code and area code, and the Federal Information Processing Standards (FIPS) number.
#2: Nearby Home Values
The homes near yours play a big role in determining your home's value. In the 'Nearby Home Values' section of your valuation, you'll see several houses and the eppraisal valuation amount for each of them. So that you can make more of an apples-to-apples comparison, each of the homes on the list have a link which takes you to their own valuation page, where you can see the specifics for those properties.
When a house sells near yours, the eppraisal information updates to reflect it.
#3: Recently Sold Homes Nearby
Homes that have recently sold play an even bigger role in the valuation of yours. They show the amount that a person agreed to pay and what a lender agreed to loan. That's just about as close to real-time value that you can get without hiring an appraiser to comb over your property top to bottom. As with the Nearby Home Values section, each of these links to their own page with full details for comparison.
#4: Nearby Homes for Sale
The homes for sale in your area give you something to monitor. You'll see several different homes that are on the market, and of course have links to check out the specs for each of them. If you watch this section regularly, you'll see which homes sell faster, what their pluses and minuses are, and whether they sell at, below, or even above their listing price.
Even if nearby schools aren't the best, your home could still be marketable to the right audience.
#5: Nearby Schools
Schools in your area play another important role in home valuation, and your page will show which ones are nearest. Some districts are sought after for their good programs and teachers. And some districts aren't. In a high-demand district, home values can be a bit higher than for a comparable house in an area where the schools leave something to be desired.
Property valuations provide the vital information that you need to make important decisions. And instead of working through a third party go get it, all you have to do is type in your address.
Maybe it's time to sell your house. Or maybe you're interested in refinancing or a home equity loan. It doesn't matter why you want to know what your home is worth. Whenever you need it, eppraisal can help.
