What Is My Home Worth? How to Use Free Automated Valuation Models

Homes are more than just places to live. They’re financial powerhouses. In fact, the average homeowner sits on $310,000 in home equity. So it makes perfect sense that you’re curious about how much your home is worth in today’s market. You might’ve even checked automated valuation models, free tools that can provide a quick estimate in seconds. A Quick (And Free) Way to Check Your Home Value Get a preliminary home value estimate in as little as two minutes. Our tool uses information from multiple sources to give you a range of value based on current market trends. These online platforms use high-tech algorithms and loads of data to estimate your home’s value for free. While it’s possible to get a ballpark valuation using these free online tools, you need to understand how they work and where they fall short so you know where and how to use them right. In this guide, we’ll help you understand the ins and outs of free online valuation tools and AVMs. For expert insight, we spoke with Sandi Bates, a top real estate agent in American Fork, Utah. What is an automated valuation model (AVM)? An automated valuation model is a tool that uses a machine learning algorithm to compare your home ...