A professional property valuation offers the following advantages:

1. Accurate Market Value Estimate: An experienced real estate agent or appraiser can accurately determine the current market value of your property by considering various factors such as location, age, size and condition.
2. Transparency and credibility: An independent and objective assessment can help all parties involved trust the price estimate and therefore make a better decision.
3. Assistance with financing and sales: A professional valuation can be helpful in the financing or sales processes by documenting the value of the property for banks, buyers and sellers.

A professional property valuation is usually carried out as follows:

1. Research and On-Site Inspection: The appraiser collects information about the property such as size, age, condition, location and similar characteristics. This also includes an inspection of the property, during which the agent or expert inspects the property and takes photos.
2. Sales Data Comparison: Analyzes data about comparable properties in the area that have recently sold. This information is used to provide an initial estimate of the value of the property.
3. Valuation according to the Real Estate Valuation Ordinance (ImmoWertV): There are three different valuation methods. The comparative value method, the income value method (also called the income approach) and the material value method (also called the intrinsic value method). With the help of this you can get an accurate estimate of the market value.
4. Reporting: At the end, a detailed report is created that describes the market value of the property, the methods used and the valuation criteria.

It is important to note that a professional property valuation should be carried out by a licensed and qualified broker or appraiser in order to achieve a reliable and accurate result.

ImmoWertV (Real Estate Valuation Ordinance) is a regulation of the Federal Ministry of Finance. ImmoWertV sets out the rules for real estate valuation. Specifically, this document states how a professional property valuation must be carried out, which methods and procedures may be used and what requirements are placed on the evaluators.

The ImmoWertV serves to increase the transparency and credibility of a property valuation and to ensure that all appraisers work according to the same rules and procedures. This allows buyers, sellers and financial institutions to make decisions on a solid and reliable basis.

The ImmoWertV applies to all types of real estate, including residential properties, commercial properties and agricultural land. It is part of the building code and has been in effect since January 1, 2022.