What is a market value appraisal?

A market value appraisal, also known as a market value report, is a professionally prepared document that determines the value of a property at the current market price in Berlin. It forms an objective basis for determining the market value of land, houses or apartments. This appraisal is prepared taking into account various factors, including market situation, residential or commercial location, condition, size and equipment of the property as well as possible rights and encumbrances.

Why do you need a market value appraisal?

A market value appraisal is essential in various scenarios: when selling or buying real estate, for inheritance matters, in the event of divorce or for tax purposes in Berlin. It serves as a reliable basis for negotiations and decisions by providing a transparent and fair market value of the property. A market value appraisal is also helpful in financing discussions with banks and, in conjunction with current ESG claims, provides advantages for upcoming financing.

How is a market value appraisal prepared?

The preparation of a market value appraisal in Berlin takes place in several steps. First, a detailed appraisal of the property is carried out. All relevant aspects such as location, condition, furnishings and legal circumstances are taken into account. Comparative values based on current market data are then used. This information is evaluated in order to determine a precise market value for the property.

What documents are required?

Various documents are required to prepare a market value appraisal in Berlin. These include current land register excerpts, dimensioned floor plans, parcel maps, proof of renovations and modernizations and, if available, existing rental agreements. These documents enable an accurate valuation and contribute to the precision of the appraisal.

Who may prepare a market value appraisal?

In Berlin, a market value appraisal may only be prepared by qualified experts. These experts have special knowledge in the field of real estate valuation and are often publicly appointed and sworn or certified according to DIN standard 17024. Their expertise ensures that the appraisal meets the legal requirements and is highly accurate and reliable.