104 Hello

The "Your Estimate" Estimated Home Value is based on sales price data gathered from public records. It is not based on an appraisal of your home. Please see Terms of Use for complete disclosures.

The Estimated Time to Sell is based on comparable homes in your local MLS that have sold in the last full calendar month.

Estimated Home Value Disclaimer:

Estimated Home Value provided by a third party. This estimate is an approximation and is not a guaranteed statement of value. Each home is unique. Your home’s estimated value can vary depending on its location, current market conditions, data availability in a given area, and other factors. Obtaining a professional appraisal or requesting a Comparative Market Analysis from a real estate agent is recommended. This estimate does not constitute an appraisal valuation.

Estimated Time to Sell Disclaimer:

Estimate based on data derived from local MLS data. This estimated time to sell is an approximation and is not guaranteed for accuracy. Each transaction is unique. Your timing may differ.

An estimated replacement cost (ER) is a calculation of how much it would cost to rebuild or replace a home or other property in the event of a total loss. It's a crucial element in determining the appropriate level of coverage for a homeowners insurance policy. ER is different from the market value of a property, which reflects its current worth in the real estate market, and includes factors like land value.

How it's estimated:

• Insurance companies use various methods: They may use specialized software, analyze local construction costs, or work with contractors and appraisers to get an accurate estimate.
• Factors considered: These include the home's size, construction materials, age, and location.
• "80% rule": Insurance companies often recommend insuring a home for at least 80% of its replacement cost to avoid underinsurance penalties, according to Liberty Mutual.

Estimated Replacement Cost Disclaimer:

The information provided on FreeHouseValue.com, including the Estimated Replacement Cost (ER) details, is for informational purposes only and should not be considered legal, financial, or insurance advice. The ER calculations are estimates based on MLS data, public data and or general data and may not reflect the actual cost to rebuild or replace a property. For precise valuation and coverage decisions, consult with a qualified insurance agent or real estate professional. FreeHouseValue.com and its affiliates are not responsible for discrepancies or financial losses resulting from reliance on this information. Always verify with appropriate professionals before making insurance or real estate decisions.