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Requesting a market value appraisal of the value of a property or the right to a property

If you would like to know the value of an undeveloped or developed plot of land or the value of rights to a plot of land, you can have this determined by an expert committee by means of a market value appraisal.

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  • Detailed description

    If you would like to know the value of an undeveloped or developed property or the value of rights to a property, you can have this determined by means of a market value appraisal. This determination can be requested from the local appraisal committee. In addition, the determination is also offered by private experts.

    The market value is synonymous with the market value. It is the price that could be obtained in the ordinary course of business at the time to which the appraisal relates, based on the legal circumstances and actual characteristics, other features and location of the property or other object of the appraisal, without regard to unusual or personal circumstances.

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

  • Requirements

    Any owner or other person entitled to a property may apply for a market value appraisal.

  • Documents

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

    Among other things, the following documents may be necessary:

    • Land register excerpt
    • Proof of other rights and encumbrances
    • Power of attorney of the owner(s)
    • Fire insurance certificate
    • List of rental and leasing income
    • List of operating costs
    • Minutes/resolutions of owners' meeting
    • Proof of investments in the last 10 years
    • Energy certificate
    • Site plan
    • Building plans/floor plans.

    Please submit the relevant documents (e.g. identity card, extract from the land register or extract from the real estate register of the property to be appraised) as proof of authorization to apply. Other documents relating to the valuation object (e.g. construction plans of buildings) may be of importance for the valuation. If you have such documents, please submit them.

  • Fees

    The preparation of market value appraisals by the appraisal committees is subject to a fee. The cost regulations of the federal states apply.

    The costs are regulated in the Brandenburg Expert Committee Fee Regulations. The amount of the fee for a market value appraisal depends on the value of the appraised property.

    Please enquire about the costs at the office of the relevant expert committee.

  • Process

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

    • After receiving the order, the office of the appraisal committee will approach you with questions for documents, depending on the property to be appraised.
    • At the same time, the office of the appraisal committee will make inquiries about the property with other authorities and agencies.
    • It will be determined in which composition the expert committee will be active for this appraisal.
    • A site inspection of the object by the committee is always necessary. For this purpose an appointment is arranged and carried out.
    • Possibly further investigations are necessary afterwards.
    • Then the market value can be calculated and decided.
    • The appraisal report is sent to the client (and the owner) together with the statement of costs.
    • To obtain a market value appraisal, please submit a corresponding application to the office of the relevant expert committee.
    • Your eligibility to apply will first be checked on the basis of the documents submitted.
    • In preparation for the appraisal, the valuation object (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 notification of costs is sent to you.
  • Duration

    The processing time depends on the other pending statutory tasks of the expert committees or pending other expert opinions. As a rule, several weeks pass between the submission of the application and the dispatch of the appraisal report.

    The processing time depends on the object being valued. It usually takes several weeks from the application to the dispatch of the appraisal report. In individual cases, please contact the office of the relevant expert committee.

  • Deadline

    none

  • Responsible authority

    Offices of the expert committees for property values in the districts and independent cities

  • Legal basis
  • Pointer

    A market value is not binding for sellers or buyers. It is also possible to commission a market value appraisal from an expert in the private sector.

  • More information
  • Approved

    Ministry of the Interior, Building and Digitalization Mecklenburg-Western Pomerania

  • Approved date
    24.02.2023