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Online Home Appraisals: If you are looking at buying a property, these tools can help you evaluate and understand the market conditions in your particular geographic area, right down to surrounding neighborhood properties. Instant appraisals, also called home valuations or value estimates are calculated using a variety of information, primarily accessible from public records. Utilizing AVMs (automated valuations models) these online home appraisal sites give an instant report of a property's value and often the values of the surrounding homes. All you need to do is enter your street address and zip code.