Since German valuers can rarely reliably assess local market conditions abroad, a local appraiser with the appropriate qualifications is often commissioned.
The result must then be submitted in a form comprehensible to the German family court, often accompanied by a certified translation.
For properties in EU countries, European cooperation between expert committees (Gutachterausschuss) and notaries often significantly facilitates the procurement of reliable comparative data.
Differing valuation standards between Germany and the respective country where the property is located can also lead to disputes, which is why accompanying professional guidance from us as a German valuer is often advisable.
For properties outside the EU, it should also be clarified at an early stage how the foreign appraisal report can be formally certified and submitted to the German family court.
Please note: the content of this article is provided for general information only and does not constitute legal, tax, financial or investment advice. It is not a substitute for individual advice from a licensed lawyer, tax adviser or financial adviser. Despite careful research, we accept no liability for the accuracy, completeness or currency of the information provided. For specific legal or tax questions, please consult a qualified professional adviser.