Many people believe that you do need to get your home appraised to find out what it is worth. However, this is not necessarily true. You do not need to get a full on appraisal to figure out about what your house is worth. In fact, if you are simply considering buying your home and would like to know what it might bring, an appraisal may not be for you.

There are websites that allow you to figure out how much your home is worth, and they are actually fairly accurate.¬†Sites like www.Zillow.com and and http://realestate.yahoo.com/Homevalues¬†are pretty popular sites to get an estimate on your home’s value. So, if you are just exploring the possibility of selling your home, you can get a good estimate as to what it is worth online!

Please beware of websites that sell your information and fishy online forms and pop ups. If you do not want to be contacted, don’t fill them out.

The way these Websites work is based on a few very simple rules. First, the size of your home plays a part, but it is more complicated than that. The value of your home is actually based on what customers will pay for it, and this is determined by finding out what similar properties in your area are selling for and how the market is fairing where you live.

So, some websites investigate this by acquiring simple information. This information includes things like how many bedrooms/bathrooms your house has, what area it is in, and some other details. Then, you can get a pretty good estimate as to what your house is worth. Of course, this is not a perfect value, but neither is an appraisal. Nobody is ever sure as to exactly how much they will get for their house, because a lot of factors work to change the actual selling price.

Moe Bedard
My name is Maurice "Moe" Bedard. I am the founder of America's #1 Mortgage Forum, LoanSafe.org. My online work has been featured in the New York Times, LA Times, Fox Business, and many other media publications.