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The Pros And Cons Of Online Property Value Calculator

Updated: May 4

Learn about the pros and cons of online property value calculator. Find out which one is the best.


After looking at many free online property value calculators we found the best one.


We are introducing the new free home value estimator by Homebot for our website. Just insert your home address in our new tool to receive a home valuation report generated by artificial intelligence (A.I.).


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KEY TAKEAWAYS


  • Our research of the pros and cons of online property value calculators settled on the best one.

  • Homebot offers a free online home value estimator.

  • Its better than any other home value estimator.

  • Unlike other home value estimators, Homebot uses up-to-date similar local home sales prices and current home mortgage balance to determine your home’s value.

  • Instantly know your home’s current value for sales purposes.

  • Find out your current home equity for refinancing or taking out cash purposes.

  • See how neutral third-party reviewers rate Homebot.

  • Just Click on our button below to get your free online home value estimator.



Free Home Value Estimator by Homebot Highlights


The benefits of using our Homebot Home Value Estimator include:

  • Free to use at any time and as often as you wish;

  • Current mortgage balance, not an estimate, but actual payments made;

  • Local similar recently homes sales price comparison, not a guess or a trend, but real data;

  • Instantly knowing the best estimate of your home’s current value; and

  • Quickly knowing how much equity you have in your home for refinancing or selling.



Homebot History


In 2015, co-founders Ernie Graham (CEO) and Ira McMahon (CTO) while working for Realtor.com researched and developed the artificial intelligence program that became Homebot.


They created a one-of-a-kind intelligence system to help homeowners become rich by empowering them to increase their wealth in their homes.


In 2016, they launched Homebot as a financial dashboard helping homeowners to save money and build wealth in their homes. Homebot works with mortgage lenders and real estate agents across the country. Homebot is headquartered in Denver, Colorado.


In 2020, Homebot was bought by the ASG private equity firm.


In May 2020, ASG also bought WorkSpace, a commercial real estate software company allowing business teams “to make value-based decisions.”



The Homebot Vision


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Homebot’s About web page describes its business goal to empower homeowners to build wealth by making better financial decisions by engaging with their real estate agent and loan officer.




They point out that 83% of American retirees’ wealth comes from their home equity. Yet, they are losing billions of dollars in wealth annually due to poor home financing decisions.


While the U.S. homeownership’s market value of $30 trillion is the biggest in the world, it's “unmanaged”. Homebot intends to empower homeowners to manage this asset by engaging with loan officers and real estate agents.


Homebot empowers consumers with personalized home finance insights and facilitates engagements with experts to manage their asset.


This fits in with our recent blog post titled: Tips On Capturing Equity In Your Home. Showing homeowners how to tap into their home equity to build further equity and increase the home’s value.


One way California homeowners can tap into their equity to build wealth is with the new California Law SB 9 allowing a residential lot to split into two lots to build duplexes. This brings in rental income and increases the property’s value. Read about this here:


“How Californians Can Build 2 Duplexes on One Lot in 2022”



Homebot Benefits


Homebot provides detailed information in the following areas on your real estate assets (or single-family home) at any time:

  • Estimated home current market value;

  • Appreciation gain (or loss) since purchasing your home;

  • Your home’s current net worth/equity;

  • Breakdown of paid principal and interest;

  • Tips on how to save on your interest payments;

  • Estimated available cash to take out; and

  • How much rent you can get for your property?



Example of a Homebot Dashboard


Check out the two images below to see how superior the Homebot report is better than all the rest.


The author of this Homebot dashboard received permission to share online.


Image Source Licensed to re-publish under the Fair Use Doctrine


Note: The image above showed the homeowner the current market value of the home. It also showed the increase in value by percentage since it was bought. Also, it shows how much the homeowner gained in equity.


Image Source Licensed to re-publish under the Fair Use Doctrine


Note: The 2nd image above shows how much the homeowner paid on its 30-year mortgage since December 2011 when bought. Also, it shows how much of the payments went towards the interest. Plus, it shows the total amount the homeowner will pay in interest by the end of the 30 years. In addition, it shows how much the homeowner will save with a re-finance (15-year, 25-year, or 30-year).


Ready to Try Out the Homebot Home Value Estimator?



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Homebot Reviews


1. Live, Love Littleton Blog


From a Colorado Realtor who reviewed Homebot in 2020.


This third-party review of Homebot appeared in a blog post titled: “Automated Home Value Tools-How accurate are they?


She concluded: “Homebot is my preferred asset management tool for real estate holdings” Why? Because Homebot gives live updates on your real estate holdings. Nothing is old and stale.

.


2. Hooquest


A 10-year veteran Texas real estate agent whose site reviews real estate marketing and software products along with real estate best practices.


His review of Homebot was published in 2021.


His Overview states: Homebot goes further than revealing what has sold in a neighborhood and estimates the homeowner’s equity based on their estimated mortgage payment.”


His Homebot Best Features are:

  • Good Automated Home Value (AVM) estimates based on “good mortgage information”. This shows homeowners exactly what they can net when selling their home

  • Great Usability: Their User Experience (UX) is great! Easy to use and not confusing to customers;

  • Perfect for Lenders: It’s designed to work with lenders by giving real-time equity in the home for refinancing and loan purposes; and

  • Ylopo: Homebot’s Customer Relationship Management (CRM) platform created by Ylopo software company makes it easy for customers to navigate,


Homebot Cons


Few Integrations: Homebot’s program does not integrate with every real estate brokerage’s CRMs. Thus, Homebot is used as a separate platform.

Note: This has nothing to do with homeowners. It merely points out that not every real estate agent can integrate Homebot into the brokerage’s platform.


Fewer Images: Nowadays, viewers love images and visuals to break up the content text. Homebot doesn’t provide many visuals. For example, the homeowner’s home picture doesn’t appear with the data.

Note: This is a minor problem given that Homebot’s images shown above focus on the data and results as more important.


His Recommendations:

“Homebot is a slick tool.”


“An easy silver bullet for anyone who wants to know a home value.”


“Homebot is, in my opinion, the best market update tool on the market."


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3. Real Estate Agent Help Desk Podcast


My Honest Review of Homebot podcast in 2022.on iTunes.


After claiming he is not paid by Homebot, the reviewer stated:


It has added massive value to my business and to my clients. Many clients are saving money with the refinancing feature alone!”




4. MortgageColumn


MortgageColumn is a mortgage marketing publisher covering marketing technology and industry trends.


Their review of Homebot is long and detailed covering 10 web pages.


Their Homebot Final Thoughts conclude:


The bottom line, buying a home is a huge financial decision that people do not tread lightly. Because of this fact, Homebot is a great fit for seasoned loan officers and realtors.”


“Our final findings are simple: Homebot is the best tool for mortgage professionals looking to develop their brand loyalty, stand out from other local service providers, and see tangible results quickly.”



The Pros And Cons Of Online Property Value Calculator – Conclusion



We spent time and effort looking at the pros and cons of online property value calculator.


We believe that the Homebot free home valuation is the best. That's why we are introducing the Homebot as our free online home value estimator.


Now that you read about our free home valuation from Homebot and why it is the best home value estimator, you need to try it out.


Since 2016, homeowners get a free home value estimator by Homebot. Not just a simple home sales price estimate that any local Realtor can provide.


Homebot delivers up-to-date, home value estimates based on local sales of similar homes and the current mortgage balance on your home.


The benefits of using our Homebot Home Value Estimator include:

  • Free to use at any time and as often as you wish;

  • Current mortgage balance, not an estimate, but actual payments made;

  • Local similar recently homes sales price comparison, not a guess or a trend, but real data;

  • Instantly knowing the best estimate of your home’s current value; and

  • Quickly knowing how much equity you have in your home for refinancing or selling.



Interested in Getting a Free Homebot Home Value Estimator?



Simply Click on the Button below and insert your U.S. home address to receive the free home valuation report.

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Thinking of Refinancing or Selling Your Home in San Diego County?




SoCal Lifestyle Realty

SoCal Lifestyle Realty provides experienced Realtors who know the San Diego County housing market to sell your home quickly at the best price.


Contact us now to see how we can use the Homebot Home Value Estimator to help you sell your home at the highest price.




Steven Rich, MBA – Guest Blogger







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