HOW MUCH IS YOUR PROPERTY WORTH?
- Instant property valuation
- Expert advice
- Sell for more
Enter your details to see how much your home is worth.
*Authentication failed. Please enter your details below to get your free valuation.
Schedule a free consultation with a top local agent who can help you estimate and understand your home's value.
We need more information to provide an accurate estimate for this address. Local expert will reach out shortly or you can schedule a consultation now.
Home valuations give you valuable knowledge that can help you plan for the future and make smart decisions. It’s good practice to stay informed about how much equity you have in your home and how much you may be able to borrow against it or sell it for.
Our tool provides a more robust, accurate assessment than you’ll get from the major real estate portals. However, valuing a property is both an art and a science. It requires market data and experiential knowledge that only a real estate expert like Eric Copper can provide. For the most precise valuation, reach out to discuss a customized Comparative Market Analysis or an appraisal.
A home valuation determines the current market value of a residential property. It is crucial for real estate transactions, preventing excessive borrowing and financial losses. When getting a mortgage, the home acts as collateral. If the borrower defaults, the lender may sell the property to recover funds. A thorough home valuation safeguards the lender's ability to recover costs if the mortgage is not fully repaid.
The value of your home is calculated using a combination of factors including its location, age, size, condition, any improvements or renovations made, and recent sale prices of comparable homes in the neighborhood. It also factors in current market trends and local market conditions. The valuation tool is dynamic and can be influenced by data such as inventory trends, interest rates, and current buyer sentiment.
Online home valuations provide a good starting point and offer a general estimate of your property’s worth. However, they may not factor in recent renovations, unique features, historical value, architectural significance, and subjective market perception that could impact your home’s actual market value. For the most accurate assessment, consider scheduling an in-person consultation with Eric Copper.
Over $1B+ in Sold Listings
Two Accurate Ways to Perform Home Valuations
A Comparative Market Analysis (CMA) is a tool used by real estate agents to value a home. It evaluates similar homes that have recently sold in the same area. Agents find comparable sales and use them to conduct a sales comparison. In most cases, an agent will find three homes that have recently sold and are as similar to and located as close to the home being valued as possible. Each one is then analyzed to pinpoint differences between it and the home being valued. Once these differences are priced out, the price of each comp is adjusted to see what it would cost if it was identical to the home being valued were it to be sold in the current market.
An appraisal is an unbiased valuation of a home based on a professional’s opinion. They are usually what mortgage companies use for home purchases and refinances. A lender usually orders a home appraisal and the cost of the appraisal, sometimes up to $500, is paid by the homeowner. An appraiser does a complete visual inspection of the interior and exterior of the home as well as taking into consideration recent sales of similar properties and market trends. The appraiser then compiles a detailed report on the home, including an exterior building sketch, a street map showing the home and any comparable sales, photos of the home and street, an explanation of how the square footage was calculated, and any other relevant information.
Situations When a Home Valuation May Be Necessary
Lenders base the amount of their loans on the value of your property and usually allow you to borrow a maximum of 75% to 96.5% against your property. Knowing what your home is worth allows lenders to calculate your equity in the home. The more equity you have, the better terms you will receive on your refinance.
If you’re doing home improvement projects to increase the resale value, you want to make sure you’re not pricing it out of the market. If your home is already priced on the high-end for your neighborhood, making too many improvements could make it more difficult to sell. When you get a valuation, you can see how your home compares with others in the neighborhood and let this guide your home improvement decisions.
QUALIFYING FOR CREDIT
If you want to borrow cash against your home, getting a Home Equity Line of Credit (HELOC) could be a good option. To qualify, you must have a certain level of equity in your home. Most lenders require at least 20%. Getting a home valuation will help you determine if you qualify and will be used by the lender to make a decision on your loan.
Though it’s not a necessity, simply knowing the value of your home is good information to have. It will help you plan for the future and deal with unforeseen circumstances when you might be in a position that requires extra money or a quick relocation. Knowing how much equity you have in your home and how much you may be able to borrow against it or sell it for will help you respond to any financial curveballs that life throws at you.
We worked with Eric Copper during the recent purchase of our Texas ranch. We were impressed with Eric’s real estate knowledge and professionalism throughout every step of the process. His expertise and analytical skills allowed...
Selling our home was an emotional undertaking, but Eric kept us level-headed and focused on the goal. He stays abreast of the subtle trends in the market and his expert advice on pricing helped us obtain multiple offers within ...
We liked and trusted Eric from the first time we met with him – he really listens to what you have to say, is both professional and ethical and has years of experience in the business. Furthermore, he is very patient and never ...
Selling a home is one of the most emotional and personal events in anyone’s life, followed closely by purchasing one. If you have not experienced either of these life events, then let me assure you that you will display more of...
Working with someone you can trust is so important. This is especially true when making decisions on buying and selling your home. Eric is that guy! Eric’s integrity, outstanding market knowledge, negotiating skills and work et...
Eric made the process so simple and easy for us! I cannot recommend him highly enough! I know that he works with a lot of higher-end properties than what we have, but he always made us feel like we were his most important clien...
We actually met Eric when he was the listing agent for a property we were interested in buying. We decided to build and did not end up purchasing that property. But I knew when I met Eric he was someone special. We did not end ...
Eric did an absolutely super job selling our house. During the sometimes tense and delicate negotiations of our multiple-offer sale, he guided us calmly, expertly, and without drama to a marvelous end. We couldn’t be more pleas...
Tenacious and tireless to get the job done.
Mr. Copper has helped me with three real estate transactions over the years. Mr. Copper's attention to detail, knowledge, expertise, passion, and demeanor are second to none. He was a tremendously thoughtful partner, and guide,...
Best REALTOR we have ever worked with! Eric is extremely knowledgeable, helpful, and caring.
An incredible real estate professional!
Great knowledge of the market and great negotiator. Would hire again in a second.
Thanks for all your efforts in making the sale happen so swiftly. Gotta love that!
Coming from a commercial broker myself I can tell you that Eric is a real PRO. He is competent, knowledgeable and reliable. I would definitely recommend him.
Eric has spent so much time with us and never made us feel we were wasting his time. He is so enthusiastic, fun to work with, and professional. He went way beyond the call of duty to help us. We have been singing his praises to...
We met Eric through a friend prior to enlisting him as our agent. Eric was incredibly professional, inquisitive about our needs, any generous with his time. These qualities together with his industry and market expertise make h...
Eric and his team are the best! So happy to have luckily been partnered with him have recommended him several times and when it came time to sell never thought twice about having him sell my home with great results! Sold home w...