First-time Home Buyer Information, Tools and Resources
Table of Content
Appraisers typically work from the Uniform Residential Appraisal Report and will physically measure the interior and exterior of the home in an onsite visit to make sure the public records are accurate. Many lenders and real estate companies have an automated valuation model on their website where you can input your address to get a result. None of these tools are a substitute for a formal appraisal or the in-person expertise of a real estate agent, but they can be a useful starting point. For a professional home value estimate, get a CMA report from a realtor. A CMA is a home value report created by a local real estate professional who hand-selects comparable sales and views your home in person.
An appraiser will assess the lot size and compare it to similar lots in the neighborhood. An appraiser will also assess the square footage and features of the home, including the number of bedrooms and baths. Learn about how a home equity line of credit works and how it may help you realize your goals – from covering unexpected expenses to paying for educational costs and funding home renovations. Check the wind forecast for Gunzenhausen when you search for the best travel destinations for your kiteboarding, windsurfing or sailing vacations in Germany. Or use our wind forecast to find the wind speed today in Gunzenhausen or to have a look at the wind direction tomorrow at Gunzenhausen.
Property Details
You plug in an address, hit enter, and receive a home value within seconds. If you’re not yet ready to speak with an agent, consider using multiple home value estimators to see how your home valuation compares. Home value estimators have different opinions of value, and shouldn’t be used in place of a professional CMA report or appraisal. Unlike the home value estimators, we only used home sales within the past six months.
If you still owe $120,000 on your mortgage, you'll subtract that, leaving you with the maximum home equity line of credit you could receive as $50,000. You have the flexibility to decide when and how much to use through Online Banking, by phone, at our financial centers or with no-access-fee checks. We ask for your email address so that we can contact you in the event we're unable to reach you by phone.
What are closing costs?
A home equity line of credit lets you borrow against available equity with your home as collateral. Digital Mortgage Experience™ you can prequalify or refinance online. Begin typing an address then use the UP and DOWN arrow keys to move between results.
With this approach, recently sold homes similar to yours in size, age, and condition are identified as “comps,” which serve as a baseline for calculating your own home’s worth. Any differences in your home that would add or subtract value, such as an extra bedroom or aging roof, will factor into the calculation. Realtor.com is the only site that gathers estimates directly from multiple, independent AVM providers. To offer consumers access to the same providers used by real estate lenders, investors, and brokers, Realtor.com sources its estimates to Collateral Analytics, CoreLogic, and Quantarium. Be aware that any note on Zillow’s tool that says users can “request a no-obligation market value offer from Zillow” is now outdated. Zillow shuttered its iBuyer program, Zillow Offers, in Nov. 2021.
Home Equity Line Increase & Transfers
Pennymac’s Home Value Estimator will take the address of a property and weigh multiple factors in order to give you a reliable estimate. Get a fast, no-obligation home estimate and see recent home sales in your area. Bank of America is just one website providing a home value estimate. We rank the most popular websites for online home values, including Zillow and Redfin. We rate Chase’s home value estimator among the worst in the industry.
Learn about a HELOC, how a variable rate is calculated and how to get a Fixed-Rate Loan Option. The more equity you have, the more options will be available to you. And be sure to inquire about all the ways we can assist you with rate discounts. Much like a credit card, a HELOC is a revolving credit line that you pay down, and you only pay interest on the portion of the line you use. We ask for your ZIP code because we need to know your time zone so we can call you during the appropriate business hours.
Property taxes are paid to township or county in which the home is located. You will pay this tax annually, semiannually or as part of your monthly mortgage payments . The local tax assessor’s office can provide you with a specific property tax rate. On its website, Redfin says Redfin Estimate is the most accurate among leading automated home-value tools — more than twice as likely to be within 3% of the home’s selling price as other top online home-value estimators.
When you type your address into the database, Chase generates an estimated price, a map that shows your property, and the sales prices of neighboring homes. You may be curious to know which online home value estimator is the best or which website is most accurate. Our affordable lending options, including FHA loans and VA loans, help make homeownership possible. Check out our affordability calculator, and look for homebuyer grants in your area. Visit our mortgage education center for helpful tips and information. And from applying for a loan to managing your mortgage, Chase MyHome has you covered.
For questions or concerns, please contact Chase customer service or let us know at Chase complaints and feedback. One way to increase your home’s value is by making improvements for updates, functionality or aesthetics. For example, replacing an old roof, installing new kitchen appliances, improving energy efficiency or expanding your home’s square footage.
Like a real estate agent, an appraiser looks at recent sales of homes, especially those that are similar in size and location to the home being purchased. Programs, rates, terms and conditions are subject to change without notice. All home lending products are subject to credit and property approval. Rates, program terms and conditions are subject to change without notice.
By entering an address and choosing the search button, Chase’s Home Value Estimator taps into millions of records in its database to provide an estimate of your current or prospective home’s value. The estimator can show the year your home was built and its square footage as well. Feel free to play around with the calculator by adjusting variables to see how that impacts a home’s overall estimate. Request a copy of the appraisal and review it closely with your mortgage lender or real estate agent to ensure no information is missing or calculated incorrectly. A lower-than-expected appraisal could be the result of an honest mistake or a difference in opinion.
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