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An appraisal lawfully creates clarity about the value of real estate or long-term financial obligations. Market ValueMarket value shall mean the price at which a real estate or any other property could be sold on the date of valuation in normal day-to-day business, according to law, having regard to the characterics, the nature and the location of the real estate or any other property and regardless of unusual conditions or personal circumstances. (Definition of §194 BauGB - German Town and Country Planning Code, translated) Market value appraisals pursue different goals. Some examples :
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