Zillow is one of the biggest – and most popular – websites for monitoring your home’s value. You can see what your rate will be and how much you can get approved for, by selecting your state below.Ĭonvinced? Here are websites that make the task of tracking your home’s value easy and fun: How much is your house worth? Top 10 best online tools to help you estimate your home’s value: So, if you are actively considering a mortgage refinance or a home equity loan, your best option is to get a free quote. Homeowners insurance: Don’t overlook the fact that knowing the value of your home is critical to making sure you have enough homeowners insurance coverage.Carbone, Jr., CFP Founder and Wealth Advisor of Focus Planning Group. Estate planning: Finally, knowing your home’s value can be important when it comes to estate and elder law care planning as well, notes Joseph A.Sanchez, financial advisor and contributor to. ![]() Resell value: “If you are within 3 years of selling your home, you will want to keep tabs on the value and the real estate market in hopes that you can sell at an opportunistic time,” says Jose V.Tax implications: “Keeping an eye on the market value and property tax assessment value is important so that you’re not paying tax on an artificially inflated property value by mistake, or vice versa,” says Minnesota Financial Advisor Jamie Pomeroy.If the value of your home increases significantly, you’ll have a lot more leeway when it comes to taking out a home equity line of credit, or HELOC to pay for expenses like a remodel, a car or education for your kids. Borrowing power: This is especially true if you ever wind up borrowing against your home’s value.If you sell your home later, you will make money on your investment. When your home increases in value, your net worth increases. According to the Federal Housing Finance Agency, home value prices increased 8.4% in 2022 and 4.3% since 1991. ![]()
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