There’s nothing that substitutes for a Free Comparative Market Analysis (CMA) prepared by a knowledgeable real estate professional. But the methodology of appraising a property is different from that of preparing a CMA.
A cursory view through the eye’s of an appraiser can be done using AVM’s or Automated Valuation Models. They are not as accurate as a CMA and are periodically totally wrong but often times, they can provide a ballpark figure. We recommend the following 3 free AVM providers:
For a more in depth analysis, email the address of the property in question to your iLoan loan officer for a more thorough investigation.
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