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Plausibility Check of Third Party Appraisals

As a matter of principle, appraisal reports cannot claim to be absolute, as they are based on the interpretation and assessment of the value-determining factors identified by the appraiser. An appraisal report is instead a comprehensive (appraisal) assessment of the facts, taking into account the most likely assessment by the real estate market. For this reason, an appraisal of the same property by two experts is not necessarily expected to produce identical results (although this is also possible), without the respective values themselves being subject to doubt. In some cases, however, a professional review of a third-party appraisal opinion may be appropriate, e.g. if there are doubts about the objectivity or neutrality of the executing appraiser or if the reasons given in the appraisal report are not comprehensible (which does not automatically lead to the conclusion that the appraisal is inaccurate).

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