Required documentation for a valuation

TO ENSURE THAT THE REAL ESTATE VALUATION IS NOT BUILT ON SAND, BUT REMAINS ON THE GROUND OF THE FACTS, SOME DOCUMENTS ARE A MUST-BE. WE WILL ADVISE YOU ON HOW TO OBTAIN THE DOCUMENTS NEEDED. AN OVERVIEW:

Various documents are required for the preparation of an appraisal and the accurate determination of the real estate value.

IN ESSENCE, THESE ARE:

  • A current land register excerpt
  • An area calculation
  • Floor plans
  • A map of the area
  • Rent or leasing contracts (for rented or leased objects)

FURTHER DOCUMENTATION MAY BE NECESSARY IN INDIVIDUAL CASES:

  • Rental income statements (for rented properties)
  • Partial declaration (in the case of owner-occupied apartments or commercial part ownership)
  • Last upkeep costs account/ documentation of the last owner's meeting (in case of owner-occupied apartments or commercial part ownership)
  • Building description
  • Information on possible legal disputes
  • Information on investments in recent years
  • Information on maintenance residues
For each appraisal, a detailed object survey is carried out, in which a photo documentation is also made. Should not all documents be present, we will gladly assist you with the acquisition.

THE REQUIRED DOCUMENTS FOR EACH TYPE OF HOUSING AND PROPERTY: AN OVERVIEW

Owner-occupied apartment

Detached house

Commercial property

Plot of land

Apartment house

Rented property

SOME OF YOUR BENEFITS:

  • Security when evaluating an object
  • Help with obtaining all necessary documents
  • Detailed entry of all essential information about a property

With these documents, investors and sellers are equally protected: the disclosure of the documents and clear relationships protect interests and prevent long-term disputes caused by inadequate data. The excerpt from the land register clarifies the property ownership exactly and reliably and informs about possible burdens from mortgages, loans or similar. Hidden co-owners or debts are thus made visible. This information is communicated to the potential purchaser as well as we include it in the calculation of the value. This information is crucial for the risk estimation of a property. In addition, some real estate and building property comes with certain conditions. Added up to our normal procedure, it is disclosed here whether the building regulations conform to the requirements of the law. An example to emphasize this is the prohibition of building on certain areas on the property.

The documents provide information about the building itself, its size, position and structure. Of course, we make a thorough and detailed approach to the object, in order to document the structural conditions and, if possible, document possible damages. The chances and risks for the new owner are determined with the rental or leasing contracts in the respective cases. A house with a tenant in every flat causes lesser circumstances for a new owner if no large-scale renovation is planned. No new tenant has to be sought. In individual cases, we are able to advise you in all upcoming questions and to research in new fields to create a solid appraisal, so that you, as buyer or seller, are surely informed about the current, correct value.

Stephan Schlocker is publicly appointed and sworn in by the IHK Frankfurt for the valuation of real estate, buildings and property, rents and leases.

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