Homebot is a fantastic tool for homeowners in today’s market.
When homeowners ask me about how the market’s doing or how much their home is worth, often what they’re really asking is, “How much equity do I have?”
We started using a tool called Homebot to help our clients answer all of these questions in a neat, interactive report.
The first thing you’ll notice on your monthly Homebot report is your home’s estimated value this month. It shows the history of the home value, as well as home values in your Zip code. At the bottom of the report, it will calculate how much you will profit if you sell the home for the above price. They do this by taking your public mortgage records and comparing what you owe on the property to what it’s worth.
There are a ton of additional tools on this report, such as a calculator that shows what a refinance could save you in interest over different periods of time, and a tool that shows how much you could save in the long-term by paying an extra $50 or even $500 per month on your mortgage. You can also see estimates of what your home would rent for as a long-term rental or an Airbnb.
If you have any questions about Homebot or anything else related to real estate, don’t hesitate to reach out via phone or email. I look forward to hearing from you.