Our Services
Market Value Appraisals
Market value appraisals are required for a variety of very diverse objectives. In general, the most probable purchase price under normal market conditions should be determined while excluding personal and unusual circumstances. Where possible, it is determined from the analysis of transactions actually carried out for comparable properties. There is a correlation between the purchase price of a property and the value attributed to it. As early as 1940, Prauser put it this way: “In general, value is understood to be the significance attached to an object, a thing, on the basis of comparative estimation. A comparison requires a yardstick by which the value can be measured. In today’s social order, this yardstick is the price that can be obtained for an object in free trade”. It should be noted that this is only a fictional price. The purchase price actually agreed to in the end is only the result of the (more or less) rational actions of individual market players and therefore does not have to correspond to the most probable purchase price, the market value.
The most common reasons for a property appraisal include:
- Purchase
- Sale
- Estate Settlement
- Divorce and the resulting necessity to determine the equalization of gains (community of gains according to § 1363 BGB)
- Asset Allocation
- Appraisals for inheritance and gift tax purposes (§ 198 BewG)
- Tax apportionment of the purchase price into land and building value
We prepare national and international value appraisals for all major types of real estate (link to property types). As reliability and quality are of the upmost importance to us, we do not offer short appraisals or automated and/or largely boiler plated text appraisals.