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Source: BUS Sachsen-Anhalt (Linie6PLus)

Apply for a market value appraisal of the value of a property or the right to a property

Description

If you want to know the value of an undeveloped or developed plot of land or the value of rights to a property, you can have it determined with a market value appraisal. This determination can be requested from the local expert committee. In addition, the investigation is also offered by private experts.

The market value is equivalent to the market value. It is the price that would be achievable in the ordinary course of business at the time to which the determination relates according to the legal conditions and actual characteristics, the other nature and the location of the property or the other object of the valuation, regardless of unusual or personal circumstances.

The reimbursement of expert opinions on the market value is the task of the expert committees. In principle, the committee is autonomous and independent. A committee is responsible for one area at a time (for example, for a district or an independent city). The members are members of authorities as well as honorary experts (such as architects, structural engineers, civil engineers, tax consultants, etc.).

Any owner or other beneficiary of a property can apply for a market value appraisal.

The necessary documents vary depending on the expert opinion order and will be requested in consultation with you.

Among other things, the following documents may be necessary:

  • Excerpt from the land register
  • Proof of other rights and encumbrances
  • Power of attorney from the owner
  • Fire insurance certificate
  • List of rental and lease income
  • List of operating costs
  • Minutes/resolutions of the owners' meeting
  • Proof of investments in the last 10 years
  • Certificate
  • Site plan
  • Blueprints/floor plans.

The preparation of market value appraisals by the appraisal committees is subject to a fee. The cost regulations under state law apply.

The processing time depends on the other legal tasks of the expert committees or upcoming other expert opinions. It usually takes several weeks from the application to the dispatch of the expert opinion.

In Saxony-Anhalt there is only one expert committee for land values. The members are members of authorities and banks, brokers and independent experts for the valuation of developed and undeveloped land.

Forms/online services available: Yes
Written form required: No
Informal application possible: Yes
Personal appearance required: No

Citizens can submit an application to the appraisal committee for the preparation of a market value appraisal for a property.

  • After receipt of the order, the office of the expert committee will contact you with questions for documents, depending on the object to be valued.
  • At the same time, the office of the expert committee will carry out investigations into the property with other authorities and bodies.
  • The composition of the expert committee for this report is determined.
  • It is always necessary for the committee to inspect the property. For this purpose, an appointment is made and carried out.
  • Further investigations may be necessary after that.
  • Then the market value can be calculated and decided.
  • The client (and the owner) will receive the expert opinion together with the cost accounting.

A market value is not binding for sellers or buyers. It is also possible to commission a market value appraisal from a privately active expert.

Ministry of the Interior, Building and Digitization Mecklenburg-Vorpommern

The text was automatically translated based on the German content.

Bundesministerium des Innern, für Bau und Heimat (BMI)
Alt-Moabit 140
10557 Berlin, Stadt
Graurheindorfer Straße 198
53117 Bonn, Stadt
+49 30 18681-0
+49 30 18681-12926
Further Authorities
Landesamt für Vermessung und Geoinformation Sachsen-Anhalt
Otto-von-Guericke-Straße 15
39104 Magdeburg, Landeshauptstadt
+49 391 567-8585
+49 391 567-8686