Overview of market value appraisals

A market value appraisal is an expert assessment that determines the economic value of a property in Cologne at the time of valuation. It assesses the monetary value of buildings, apartments or land, taking into account aspects such as location, structural condition, size and features.

Purpose and areas of application of a market value appraisal

In Cologne, a market value appraisal plays an important role in various scenarios. It is central to real estate purchases and sales, indispensable in inheritance cases, decisive in the division of assets in the context of divorce and important for the tax valuation of real estate. The appraisal provides a solid basis for making informed real estate decisions by providing an objective and impartial value of the property. It is also often a crucial component in the negotiation of real estate financing.

Methodology for preparing a market value appraisal

The preparation of a market value appraisal in Cologne follows a systematic approach. First, a detailed appraisal of the property is carried out, whereby the location, structural condition, fixtures and fittings and legal aspects all play a role. This information is then compared with current market data in order to determine the exact value of the property.

Documents required for a market value appraisal

Various documents are required for a well-founded market value appraisal in Cologne. These include land register extracts, building plans, cadastral extracts, evidence of renovations and modernizations as well as any existing rental agreements. These documents contribute to a comprehensive and accurate assessment of the property value.

Qualification for the preparation of a market value appraisal

In Cologne, market value appraisals must be carried out by qualified and experienced valuation experts. These experts have specialized knowledge in the field of property valuation and are usually officially licensed and sworn. Their professional expertise ensures that the appraisal complies with legal guidelines and is characterized by its precision and reliability.