To determine a home's value, consider various methods including online automated valuation models (AVMs), which use public records and recent sales data. For a more detailed assessment, a comparative market analysis (CMA) from a local agent or a professional appraisal can be useful. Appraisals evaluate location, property characteristics, and comparable sales. Understanding your home's value aids in buying, selling, refinancing, and negotiating property taxes, providing greater control over financial decisions.
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