The market value can determine the value of a real estate with the help of the sales comparison approach or other methods. It is the price for a property which can be achieved at the time it was determined and under normal business operations. When determining the market value, the actual features, other characteristics and location of the property are taken into consideration without including personal or extraordinary relationships.
Thanks to the pre-emptive right, an interested buyer has the right to purchase real estate even if the sales contract is to be closed with a third party. This right is set beforehand in the contract or within the land register. Along with this private pre-emptive right, communities sometimes also have a public pre-emptive right to acquire a property.
