Real estate valuation with clear purpose and robust reasoning.

Typical situations

Real estate valuation becomes relevant where economically significant decisions must be prepared, positions justified, or existing appraisals critically reviewed.

• Sale preparation and pricing orientation
• Inheritance and asset allocation
• Allocation and conflict-related situations
• Financing and communication with lenders
• Review of existing appraisals

What you receive

Not every valuation purpose requires the same output. The relevant question is which type of value is actually meaningful for the assignment.

• Clear clarification of context, intended use, and valuation framework
• Transparent presentation of key assumptions, property specifics, and value drivers
• Interpretation of uncertainty, ranges, and sensitivities
• Practical result presentation for decision, negotiation, and communication
• Structured appraisal review where needed

Which form of valuation fits which situation?

Depending on the purpose, a standardized market-oriented output or a more decision-oriented valuation perspective may be appropriate.

Methods and valuation basis

For market-value and market-oriented assignments, the procedures under ImmoWertV play a central role, especially the comparison, income, and cost approaches. In addition, for investment or decision purposes, other methods such as the original capitalised earnings method, the DCF method, or functional valuation theory may also be appropriate.

• Method follows purpose, not merely formal routine.
• Market-oriented methods and individual decision values must be distinguished carefully.
• Value and price are not identical.
• Existing appraisals and market data must be interpreted economically, not accepted mechanically.

Learn more about ImmoWertV and valuation logic

What matters most in practice

• A market price or market value is not automatically identical with the economically relevant value for your decision.
• Assumptions on rent, costs, condition, comparability, land value, and remaining useful life strongly shape the result.
• Standardized methods are important, but not automatically optimal for every individual purpose.
• Uncertainty and data limitations should be disclosed clearly.
• Especially in conflict-heavy situations, the traceability of the reasoning matters greatly.

Typical documents

A first meaningful assessment often does not require a fully complete file set. A structured outline of the context and available information is usually enough initially.

• Property documents (areas, year built, condition, plans, use profile)
• Relevant legal and economic framework data
• Income and cost information for income-producing properties
• Existing appraisals, comparable data, or market references
• Valuation purpose, desired depth, and timeline

Questions for orientation

Is market value always the value that matters for me?

Not necessarily. Market value is central for certain legal or institutional purposes. For individual investment or negotiation decisions, however, another economic value may be more relevant.

Is there always one objectively correct single property value?

Not in that broad sense. The relevant value depends on valuation purpose, data basis, assumptions, and intended use.

Can methods other than ImmoWertV procedures be used?

Yes. For certain decision and investment purposes, other methods such as the original capitalised earnings method, the DCF method, or functional valuation theory may be more appropriate.

Is an appraisal review useful?

Yes. A review does not only examine the result, but especially method choice, assumptions, data basis, and internal consistency.

Do I need every document ready for the first inquiry?

No. A short description of the case and the most important available documents are usually enough to define the sensible next step.

Detailed use cases

The more concrete the situation, the more precisely suitable valuation logic and output depth can be defined.