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Chase mortgage services
website
Test the value of the home: $453,300
Methodology: How does it work?
When you type the address into the database, Chase generates an estimated price, displaying a map of your property, and the sales price of neighboring homes.
What do you need to provide?
How does this tool fit the company’s job?
Chase provides a series of financial services. With Chase, you can apply for a mortgage, refinance your home or withdraw your home equity line of credit.
How is this tool different from other tools?
Chase’s House Value Estimator is powered by powerful data collected from over 10,000 government and proprietary sources. Although Chase does not present the information extracted by the user in advance, users can adjust the number of beds, bathrooms, total rooms and total square foot boxes to represent the value of a recent upgrade or predict the reshaping project. The tool also automatically pulls a module to display the latest sales information nearby.
What are the limitations of this tool?
Like other automatic valuation models, the Chase Mortgage Services House Value Estimator tool cannot replace formal evaluation. Although it provides fast estimates based on a wide range of data sources, it may not fully capture the nuances of specific property improvements, unique features, or rapidly changing local market conditions. For established valuations, especially for major financial decisions such as selling a home or refinancing, consultation with a qualified appraiser or local real estate agent is recommended.
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ZillowZestimate®
website
Test the value of the home: $467,400
Methodology: How does it work?
Enter your address into the tool and click Getting Started. This will take you to the screen using the house’s Zestimate®, but to see more, you need to create a Zillow account or log in to an existing account.
Zillow’s Zestimate® invests public, MLS and user-submitted data in proprietary formulas that consider family facts, locations and market trends.
The company provides the latest room for mistakes for top metropolis and every state. The median error rate for national housing hovers around 1.94%; the rate of foreign market characteristics is about 7.06%.
What optimal calculations do you need to provide?
- For independent estimates only
- Create a Zillow account to view additional details
How does this tool fit the company’s job?
Zillow and its affiliates provide consumers with a range of products and services for selling, buying, renting and financing homes. The company is known as the top website and you can shop online.
How is this tool different from other tools?
Launched in 2006, Zillow is the original home value estimator tool. When you enter your home address and click Start, the software generates estimates and lists square feet, number of bedrooms, and number of bathrooms for the property.
This page breaks down the factors that lead to estimates – specific numbers that compare housing, tax assessment and sales in a comprehensive combination. Its chart menu illustrates the value, rent and listing price of your home over the past 10 years.
What are the limitations of this tool?
The accuracy of AVM depends on the availability of data in the home geographic location. In some markets, home information (such as square feet, the number of bedrooms and bathrooms, and other details) is easier to access than in other areas.
Because it relies on publicly available information and user-extracted data, Zestimate® may not account for recent renovations, unique attribute features, or specific local market nuances that are not captured in its database. This means that while it provides a useful starting point, it should not be considered an alternative to professional assessment or comparative market analysis by local real estate agents, especially for major financial decisions.
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Bank of America
website
Test value: $495,779
Methodology: How does it work?
Once you enter the address, the screen will have your estimated home value, along with a picture of the exterior of the home from Google Earth, the number of beds and bathrooms of the home, and square feet.
What information do you need to get the best calculation?
How does this tool fit the company’s job?
Bank of America provides financial services for home loans and refinancing.
How is this tool different from other tools?
Bank of America’s tools display MLS attribute details, such as whether the house has a garage, pool or fireplace, you can scroll down to see a shadowed graph showing the value of the house over 10 years and comparable homes in nearby map format.
What are the limitations of this tool?
Like other automatic valuation models, the Bank of America House Value Estimator tool cannot replace formal evaluation. Although it provides fast estimates based on a wide range of data sources, it may not fully capture the nuances of specific property improvements, unique features, or rapidly changing local market conditions. For established valuations, especially for major financial decisions such as selling a home or refinancing, consultation with a qualified appraiser or local real estate agent is recommended.
Comment
- BBB: Bank of America received an A-rating and a 1.12-star review.
- TrustPilot: 1.3/5 stars