But even in rural areas, prices only developed in one direction – upwards. Therefore, it is good and important to know the value of your property. One method is to create a market value report. In this article you will learn what a market value report is and how you can get one.
What should I generally keep in mind when selling real estate?
To ensure that everything goes smoothly when selling real estate, there are a few aspects that need to be taken into account. It's not easy to keep track and think of everything. In order to achieve the best possible price, the time for the start of sales should, for example, be well chosen. It is also important to know all the circumstances surrounding the house you want to sell.
According to an advice article on the subject of selling real estate from heimhelden.de, the following factors play a particularly important role:
- The object itself
- The current market situation
- The desired selling price
- The relationship between supply and demand
Especially with regard to the last point, there has been an imbalance for several years, as demand continues to increase while supply decreases at the same time. Good for sellers: This means they can charge a higher price. However, it is important to know the local market and the real sales value. The latter depends, among other things, on the type of house, the condition of the property and the time of sale. In order to be able to set a realistic selling price, a market value report can help.
What is a market value report?
The so-called market value report is probably the most common form of real estate valuation and determines the market value of a property as of a specific date. The market value or market value of a property is the price that can be achieved if sold at the current time under applicable law.
All necessary documents about the property are compiled in the market value report. Many insurance companies and authorities insist on a market value report. If disputes arise in court, the documents are even mandatory because they will stand up in court. You also need such an appraisal when transferring business assets to private assets. In the private sector, market value reports are used particularly in inheritance disputes or divorces. It can also be relevant for tax purposes or in foreclosure auctions.
This is how a market value report is created
In order to create a report that will stand up in court, certified experts are used to determine the current market value of the building. The value is determined based on the material value of the property and the current market situation. He refers to various factors that are important.
Including:
- Year of construction
- Building structure
- Total size and number of rooms
- Plot size
- Location of the object
- Situation on the region's real estate market
- Technical equipment
The market situation in particular can be very crucial and can change significantly within a very short period of time. For example, an older house that is in need of renovation can still be worth a lot if the offer is small and the location is desirable.
How much does the market value report cost?
Market value reports do not have a fixed price, but can be freely negotiated. However, the experts usually follow the regulations for architects and engineers, the so-called HOAI, which specify both minimum and maximum rates. However, the costs also depend heavily on the effort the appraiser puts into creating it. Accordingly, the costs for a small condominium are usually lower than for an apartment building with several rental apartments.
For a property with a value of around 300,000 euros, the costs are usually between 1,000 and 1,300 euros. If a house has a lower value, the costs of the market value report also decrease. The situation is similar with more expensive houses, for which the price of the market value report also increases.
By the way: old traffic reports are worthless
If you find an old traffic report while combing through the documents you are gathering to sell your house, it won't be of much use to you. Old market value reports are often worthless . Such a report is usually valid for around three to six months after it was created. However, the prerequisite is that the market remains stable during this time. The reason is simple, after all the market changes regularly - this also applies to the real estate market. Therefore, your property could be worth significantly more or less today than it was on the date the traffic report was issued. In addition, the report could have been created incompletely or incorrectly. In the worst case, you could end up offering your property significantly less than its value.
Are there alternatives for valuation?
A market value report is not absolutely necessary when selling a house, but is recommended by many people. If the risk of a legal dispute, for example in the event of a divorce or inheritance dispute, is relatively low in your case, you can also use other methods to determine the value. For example, with the help of a broker or online calculators that work with software that compares several thousand current market values.
If you find it enough to determine the price using the online tool, you should choose a calculator that includes as many factors as possible in the evaluation. Aspects such as the type of house, housing status, living space and land area, year of construction, condition, location and many other characteristics are taken into account. The result gives a good indication of what you can charge as a seller.
Who will help me sell my property?
In principle, you can sell your property without any outside help. However, if you want to be on the safe side, a real estate agent can help you. However, in any case, make sure that the broker is a competent and experienced person who has sufficient technical and local knowledge. The broker carries out the valuation to determine the selling price.
According to Austrian law, brokers are obliged to inform their clients in writing about costs and other conditions of cooperation and to always act in the interests of their clients. If you work with a reputable broker, there are a number of advantages. You can read more about this in our article , in which we explain what the advantages of a real estate agent are and what you should pay attention to when choosing the right expert.
You might also be interested in: Saving electricity and heating energy – easy and cheap with these tips
If you enjoyed this post and value the importance of well-founded information, become part of the exclusive Mimikama Club! Support our work and help us promote awareness and combat misinformation. As a club member you receive:
📬 Special Weekly Newsletter: Get exclusive content straight to your inbox.
🎥 Exclusive video* “Fact Checker Basic Course”: Learn from Andre Wolf how to recognize and combat misinformation.
📅 Early access to in-depth articles and fact checks: always be one step ahead.
📄 Bonus articles, just for you: Discover content you won't find anywhere else.
📝 Participation in webinars and workshops : Join us live or watch the recordings.
✔️ Quality exchange: Discuss safely in our comment function without trolls and bots.
Join us and become part of a community that stands for truth and clarity. Together we can make the world a little better!
* In this special course, Andre Wolf will teach you how to recognize and effectively combat misinformation. After completing the video, you have the opportunity to join our research team and actively participate in the education - an opportunity that is exclusively reserved for our club members!
Notes:
1) This content reflects the current state of affairs at the time of publication. The reproduction of individual images, screenshots, embeds or video sequences serves to discuss the topic. 2) Individual contributions were created through the use of machine assistance and were carefully checked by the Mimikama editorial team before publication. ( Reason )

