What is a market value appraisal?

The market value appraisal, also known as a market value report, is a professional assessment that determines the value of a Hamburg property at the time of valuation. This document reflects the monetary value of buildings, apartments or land based on criteria such as location, condition, dimensions and internal fittings.

Why do you need a market value appraisal?

n Hamburg, a market value appraisal is important for various reasons. It is crucial when buying or selling real estate, essential in inheritance disputes, indispensable in the division of assets after a divorce and necessary for tax assessment. This appraisal serves as a reliable basis for decision-making by clearly showing the true value of the property. It is also often a decisive factor in discussions with banks about financing options.

How is a market value appraisal prepared?

A multi-stage process is used to prepare a market value appraisal in Hamburg. First, the property is analyzed in detail, paying particular attention to its geographical location, physical condition, features and legal particularities. This data is then compared with current market information. This comprehensive appraisal results in a precise determination of the market value of the property.

What documents are required?

Various documents are required to prepare a comprehensive market value appraisal in Hamburg. These include land register extracts, building plans, property maps, evidence of renovation work and any existing rental agreements. This documentation enables a thorough and accurate assessment of the property value.

Who may prepare a market value appraisal?

In Hamburg, market value appraisals must be prepared by experienced and qualified appraisers. These experts have specialized knowledge in the field of property valuation and are often officially recognized and sworn in. Their extensive experience and knowledge guarantee that the appraisal complies with legal requirements and is characterized by its high level of accuracy.