Without a well-founded valuation, there is a risk of selling the property below its value or of deterring potential buyers with too high an asking price, unnecessarily prolonging the marketing period.
An appraisal report also provides a solid basis for negotiations with prospective buyers and can significantly objectify subsequent discussions about the appropriate price.
For particularly high-value, complex or legally demanding properties, the benefit of an appraisal report generally clearly outweighs the comparatively low costs.
A robust appraisal report can also serve as evidence for the tax office in the event of a subsequent tax audit or if doubts arise regarding the appropriateness of the sale price.
For simple, easily comparable standard properties in liquid markets, a well-founded market assessment may sometimes be sufficient, while more complex or legally significant cases always justify a formal appraisal report.
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