About Our Home Value Estimator
Whether you’re considering buying a new home or refinancing your existing property, getting a clear picture of the home’s value is a critical factor in making the right decision. PennyMac’s Home Value Estimator can take the address of a property and weigh multiple factors in order to give you an accurate estimate of the home’s value. In addition to the overall value estimate, you also get estimated value by square foot, property details, sales history and value history. The Home Value Estimator can be a great first step in determining how much a property is really worth.
Note that there are many factors that may have an effect on your home’s value. While tools like this can account for neighborhood comps, trends in real estate markets and other factors, recently upgrades to a home or issues that might come up in an inspection are more difficult to account for with an automated valuation tool.
While you will still need to undergo an appraisal for most kinds of loans, the Home Value Estimator is a fast, free way to get an instant estimate that can be used to help you decide what to offer on a new purchase or how much equity you may have for a refinance.