Are you facing an important real estate decision and need a reliable valuation? Precise and certified appraisals are essential to minimize financial risks and make informed decisions. Discover why certified appraisers and standardized procedures make all the difference.
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The topic briefly and concisely
Certifications such as DIN EN ISO/IEC 17024 guarantee the competence and independence of real estate experts and are recognized by authorities.
The ImmoWertV 2021 in Germany and the European Valuation Standards (EVS) at the EU level define mandatory methods and principles for accurate real estate valuations.
Precise and certified evaluations minimize risks, can lead to tax savings, and form a solid basis for decisions related to sales, purchases, or financing.
Property valuation is a complex field, where trust and accuracy are paramount. Whether for inheritance, sale, or financing purposes – a precise and certified valuation forms the foundation for any sound decision. In Germany and Europe, recognised certifications and valuation standards ensure the necessary quality and comparability of appraisals. This article highlights the significance of these standards, introduces the main certifications, and explains how you can benefit from a professional property valuation. With knowledge of the quality characteristics, you can ensure that your property values are determined on a solid and comprehensible basis.
Understanding the Significance of Recognised Certifications
Why are certifications so crucial in property appraisals? Certifications indicate that an expert has had their competence verified by an independent body. This builds trust and helps distinguish qualified experts from less qualified providers. Especially in an industry where significant assets are at stake, precise and certified valuations offer indispensable security. Certification according to DIN EN ISO/IEC 17024, for instance, is internationally recognised and ensures that appraisers consistently adhere to high quality standards. For you as a client, this means reliable and transparent value assessments. Institutes like the Deutsche Immobilien-Akademie (DIA) or HypZert are well-known organisations for high-quality certifications. A certified valuation is thus your first step towards a well-informed decision. The complexity of the market requires clear proof of quality.
Quality Standards in Property Valuation: ISO 17024 and ImmoWertV
The standard DIN EN ISO/IEC 17024 sets internationally recognised requirements for the competence of personnel certification bodies, including those for real estate appraisers. Experts certified according to this standard demonstrate that they possess comprehensive expertise, practical experience, and independence. Their appraisals are therefore recognised by courts, banks, and tax authorities. In Germany, the Immobilienwertermittlungsverordnung (ImmoWertV) forms the legal basis for the determination of market values. The ImmoWertV 2021, which came into force on 1 January 2022, has consolidated previous guidelines and ensures nationwide uniform principles. It defines, among other things, the methods to be applied, such as the comparative value method, the income method, and the cost method. Adhering to these standards is essential for precise and certified valuations. The valuation standards according to ImmoWertV ensure quality. These regulations form the backbone of reliable property valuations.
Recognised Certification Bodies and Their Importance
Multiple institutions in Germany offer recognized certifications for real estate appraisers. HypZert GmbH is the largest certification body for real estate appraisers in Germany and Europe accredited according to DIN EN ISO/IEC 17024, supported by the leading associations of the finance industry. A HypZert certification indicates high professional expertise, particularly for valuations within the scope of financing. DIA Consulting AG (DIAZert) is another key independent certification body whose certificates are highly regarded within the German real estate sector and are recognized by TEGoVA throughout Europe. Sprengnetter also offers certifications (e.g., ZIS Sprengnetter Cert (WG)) in accordance with DIN EN ISO/IEC 17024, confirming high competence in various valuation sectors. Choosing an appraiser certified by one of these bodies significantly enhances the reliability of your property valuation. A certified appraiser thus offers you assured quality. Selecting the right expert is crucial.
International Harmonisation through European Valuation Standards (EVS)
The European Group of Valuers' Associations (TEGoVA) publishes the European Valuation Standards (EVS), which have been contributing to the harmonisation of valuation practices in Europe since the early 1980s. The tenth edition of the EVS is valid from 1 January 2025 and takes into account current market developments and EU legislation, such as the impact of the European Green Deal on property values. The EVS are closely linked to EU law; the law shapes the standards, and without the standards, the law would be hardly practicable. Precise and certified valuations in the European context increasingly rely on these standards to ensure transparency and comparability across borders. For internationally operating investors and banks, market-compliant reports according to EVS are of great importance. The EVS promote a unified understanding of market value and valuation criteria. This facilitates cross-border transactions and investments.
Key aspects of the EVS 2025 include:
Detailed methodology for determining market value considering energy efficiency in the context of EU building renovation obligations.
Treatment of valuation provisions of the revised Capital Requirements Regulation (CRR), including a new 'property value' with 'prudently conservative valuation criteria'.
A new guideline for the valuation of agricultural properties taking into account climate change and technology.
Comprehensive revision of the section on valuation and sustainability in light of changes brought about by the European Green Deal.
These standards are thus an important pillar for quality assurance.
The practical benefits of precise and certified evaluations
The tangible benefits of an accurate and certified valuation are manifold. In cases of inheritance or gifts, a qualified expert report can serve as recognised evidence for the tax office and potentially lead to tax savings, as the tax office often overestimates values. In the event of a sale, a well-founded report enables you to achieve the best possible price and to represent it confidently in negotiations. Banks generally require reports from certified experts for financing purposes to correctly assess the lending risk. Investing in a professional valuation often pays off multiple times over through avoided costs and legal certainty. A quality standard for reports is therefore crucial. Even in divorces or asset divisions, recognised reports provide a fair and comprehensible basis. The Auctoa ImmoGPT chat function can provide you with initial assessments and clarify the need for a detailed valuation.
Selection Criteria for the Right Expert
When selecting a property valuer, you should consider several criteria. The most important is a recognised certification, ideally according to DIN EN ISO/IEC 17024, issued by an accredited body such as HypZert, DIAZert or Sprengnetter. Ask about the valuer's specific experience with similar properties and valuation purposes. A good valuer will be transparent about their methods and the costs of their service. The costs for a market value appraisal can, for instance, range from 0.5% to 1% of the market value or be offered as a fixed price, starting at around 2,690 euros for a full appraisal. Do not only compare the price, but above all, the proven qualification and the transparency of the offer. An accurate valuation relies heavily on the valuer's expertise. Look for transparent processes.
The following points can assist with your choice:
Verification of certification (e.g. DIN EN ISO/IEC 17024).
Experience with the property type and valuation purpose.
Transparency regarding methodology and costs.
References or memberships in professional associations.
Regular further training of the valuer.
Careful selection ensures the quality of the appraisal.
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Auctoa is your digital partner for objective, AI-assisted property valuations. We combine technological innovation with the expertise of experienced valuation specialists to provide you with fast and precise and certified assessments. Our processes are designed to reduce complexity for you and offer data-driven recommendations. Whether you require an initial estimate via our ImmoGPT chat or a detailed report, Auctoa offers a modern solution. We focus on transparency and traceability, ensuring you always maintain control over your real estate decisions. An Auctoa valuation can help eliminate uncertainties. Trust in our digital expertise.
Conclusion: Security through certified quality and standards
What is the difference between an appraiser and an expert?
The terms are often used interchangeably. The important thing is the qualification: A certified expert (e.g., according to DIN EN ISO/IEC 17024) or a publicly appointed and sworn expert has demonstrated their specific expertise.
How long does it take to produce a certified valuation report?
The duration depends on the complexity and the availability of all documents. A detailed market value appraisal can take up to 4 weeks.
What documents does an appraiser need for an accurate valuation?
Typically, a land register extract, building plans, floor plans, living space calculation, energy certificate, and possibly rental contracts or evidence of renovations are required.
What are the European Valuation Standards (EVS)?
The EVS are European valuation standards issued by TEGoVA, promoting a unified and high-quality valuation practice across Europe, considering EU law.
Can a certified appraisal help me save on taxes?
Yes, particularly in cases of inheritance or gifts, a qualified market value appraisal can serve as evidence of a lower common value, thereby reducing the tax burden.
Does Auctoa offer certified valuations as well?
Auctoa is your digital partner for AI-supported property valuations and can help clarify the need for a certified valuation or refer you to qualified partners. Use our ImmoGPT chat for an initial assessment.
Additional useful links
Statistisches Bundesamt offers data on house prices and land for construction.
Deutsche Bundesbank provides an indicator system for the residential property market.
Deutsche Bundesbank delivers statistics on property and construction service prices.
Federal Institute for Research on Building, Urban Affairs and Spatial Development (BBSR) offers a dashboard and reports on the property market.
BORIS.de is the central information system for standard land values in Germany.
ZIA Deutschland provides figures, data, and facts about residential properties.
Federal Association of German Cooperative Banks (BVR) publishes a property forecast on the recovery of residential property prices.
Federal Chamber of Notaries offers an information sheet on purchasing a pre-owned property.
FAQ
What is the difference between an appraiser and an expert?
The terms are often used interchangeably. Qualification is important: A certified expert (e.g. according to DIN EN ISO/IEC 17024) or a publicly appointed and sworn expert has demonstrated their particular expertise.
How long does it take to create a certified valuation report?
The duration depends on the complexity and the availability of all documents. A detailed market value appraisal can take up to 4 weeks.
What documents does an appraiser need for an accurate assessment?
Typically, a land register extract, building plans, floor plans, living space calculation, energy performance certificate, and if applicable, tenancy agreements or evidence of modernisations are required.
What are the European Valuation Standards (EVS)?
The EVS are European valuation standards published by TEGoVA that promote a uniform and high-quality valuation practice across Europe and consider EU law.
Can I save taxes with a certified appraisal?
Yes, particularly in cases of inheritance or gifts, a qualified market value appraisal can serve as proof of a lower fair value and thus reduce the tax burden.
Does Auctoa also offer certified appraisals?
Auctoa is your digital partner for AI-powered property valuations and can assist you in clarifying the need for a certified valuation or refer you to qualified partners. You can also use our ImmoGPT chat for an initial assessment.
