How Much Is Your Home Worth?
The value of your home is known as the Current Market Value, which basically means how much your home will sell for. You can find resources online, such as Zillow and Redfin, to get an estimate of around how much your home is worth. These services use multiple data points, past deals, and user submitted information to determine roughly your Current Market Value. These algorithms do have a margin of error however so while it’s a great starting point, it’s also important to have a professional appraiser look at the property.
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