Expert opinion on the fair value (market value) of developed and undeveloped land
Description
If you want to sell a developed or undeveloped plot of land, it can be useful to have the market value of the land determined in order to set the purchase price. Likewise, in the case of inheritance disputes between property heirs, an independent appraisal helps to avoid disputes.
The market value of real estate is determined by independent appraisal committees and reported in market value reports. The appraisals have no binding effect unless otherwise stipulated or agreed.
Market value appraisals are also prepared by specially trained publicly appointed and sworn or certified experts (surveyors).
Upon request, you can obtain an expert opinion on the market value of real property if you are
- the owner of the land,
- entitled persons of equal status to land owners,
- holders of other rights to the land or
- beneficiaries of a compulsory portion, for whose compulsory portion the value of the land is relevant,
are.
Furthermore, the expert committees for real estate values shall prepare market value appraisals if
- the authorities responsible for enforcing the Building Code,
- the authorities responsible for determining the value of a plot of land or compensation for a plot of land, or
- courts and judicial authorities
request it.
Please submit the relevant documents (e.g. identity card, extract from the land register or extract from the real estate cadastre of the property to be appraised) as proof of entitlement to apply.Other documents relating to the property to be appraised (e.g. construction plans of buildings) may be of importance for the appraisal. If you have such documents, please submit them.
The costs for a market value appraisal consist of
- a fee for the market value appraisal, which depends on the value of the appraised property, and
- the expenses for the compensation of the honorary members of the expert committee.
Please inquire about the costs at the office of the responsible appraisal committee.
none
The processing time depends on the valuation object. As a rule, several weeks pass between the submission of the application and the dispatch of the appraisal report. In individual cases, please contact the office of the responsible appraisal committee.
Contact points are the responsible offices
Market value appraisals are prepared by the state's expert committee and by specially trained, publicly appointed and sworn or certified experts (appraisers).
- Forms: none
- Online procedure possible: no
- Written form required: yes
- Personal appearance required: generally yes
- To obtain a market value appraisal, please submit a corresponding application to the office of the responsible appraisal committee.
- First of all, your eligibility to apply will be checked on the basis of the documents submitted.
- In preparation for the appraisal, the object of valuation (property) is inspected by employees of the office, and the documents are evaluated.
- The expert committee inspects the valuation object and decides on the market value.
- The appraisal is completed and sent to you.
- Finally, the notice of costs is sent out.
State Office for Internal Administration Mecklenburg-Western Pomerania,Office for Geoinformation, Surveying and Cadastre
28.10.2020
The text was automatically translated based on the German content.
