Home valuations establish the current market value of a residential property, serving as a critical risk management tool in real estate finance. Because the home acts as collateral for the mortgage, a thorough valuation is essential to ensure the collateral covers the loan amount. This safeguards the lender's ability to recover costs and prevent financial loss should the borrower default, enabling the lender to sell the property to recover the outstanding funds.

Home values are constantly changing due to local inventory fluctuations and shifting interest rates. Therefore, a valuation is a snapshot in time, typically valid only for a short period (usually 90-180 days). Regularly updating your valuation is necessary to ensure your financial decisions are based on the most current data.

The value of your home is calculated based on a combination of intrinsic property factors and ever-changing market dynamics. We assess your home's location, age, size, condition, and any recent renovations, alongside the sale prices of comparable neighborhood homes. This calculation is then refined by current market trends, local conditions, and dynamic data points like inventory trends, interest rates, and current buyer sentiment.