How To Use Free Automated Valuation Models - HomeLight

How does HomeLight’s free home value estimator work?

HomeLight’s Home Value Estimator is a great option that includes a unique approach to valuing properties. We’ve done a lot of analysis and iterations to determine the right combination of publicly available, proprietary, and user-submitted data to produce more accurate value estimates.

The process includes a short questionnaire with seven questions that have been proven to increase the accuracy of your home valuation estimate. The tool asks for simple information, such as the property’s condition and the year it was built.

Another way to find out how much you could fetch for your home is by requesting a cash offer from HomeLight’s Simple Sale platform. After answering a few basic questions, you can receive a no-obligation, all-cash offer for your home within 24 hours.

If you accept, you can close the sale in as few as 7 days and choose your move-out date — no repairs, showings, or agent commissions necessary.

Having a full-time Realtor® with experience and access to the multiple listing service (MLS) is best for a reliable CMA. We aren’t appraisers, but we can usually get very, very close.

• Sandi Bates Real Estate Agent Close Sandi Bates Real Estate Agent at EveryUtahHome 5.0
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  Currently accepting new clients
  • Years of Experience 27
  • Transactions 211
  • Average Price Point $387k
  • Single Family Homes 141

Partner with a top agent to determine your home’s value

After receiving your online home value estimate from HomeLight, we will connect you with top local real estate agents who can provide a comparative market analysis (CMA) for your home. An experienced agent can bypass the limitations of AVM tools to get you an accurate idea of your home’s value to help you list it for the right price.

According to Bates, “Having a full-time Realtor® with experience and access to the multiple listing service (MLS) is best for a reliable CMA. We aren’t appraisers, but we can usually get very, very close.”

Use HomeLight’s Agent Match tool to connect with a top local agent in your area. The best agents can combine the art and science of home value estimates.

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We analyze over 27 million transactions and thousands of reviews to determine which agent is best for you based on your needs.

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Free AVMs are a great first step

While automated valuation models aren’t the same thing as “online appraisals,” they can help you get a quick ballpark estimate of your home’s value that you can use to start exploring and making plans. However, as soon as you get serious about selling your home, we recommend consulting with a top agent who knows the local market and buyer trends in your area.