Value as of a historical date
A retrospective appraisal asks what the property was worth as of a prior date rather than what it is worth today. The analysis uses market conditions and evidence relevant to that effective date.
Historical property condition matters
The property may have changed. Historical photos, prior listings, permits, renovation records and reliable property information can help establish what existed at the effective date.
What we need
- property address
- exact historical effective date
- intended use and intended users
- historical property-condition information when available
- current access arrangements when required
Historical value requires historical evidence
A retrospective appraisal develops an opinion of value as of a date in the past. It does not take today's value and work backward by a simple percentage. The appraiser researches sales, listings, market conditions and other evidence relevant to the requested effective date, then analyzes the property as it existed at that time.
These assignments are common for estates, divorce matters, tax questions, litigation and other professional uses. Helpful records may include prior listings, dated photographs, permits, surveys, deeds and a timeline of renovations. The availability and reliability of historical information can affect scope, timing and fee.
Define the assignment before ordering
The attorney, accountant or other adviser should confirm the precise valuation date and intended use. A current inspection may still be useful, but present-day observations must be distinguished from historical condition. Our retrospective appraisal guide explains the process and records to gather.
The availability and quality of historical information can affect the scope and report development.