A retrospective appraisal determines the past value of a property on a specific date. A typical real estate appraisal assesses a property’s current market value. In contrast, a retrospective appraisal looks back in time.

Jul 15, 2008 · There are no special forms or addendums for a retrospective appraisal. It is necessary, however, to allow the reader/intended user of the report to understand that the appraisal is retrospective. Label the report as "Retrospective", write in the past tense, etc.

A retrospective appraisal is a process used to determine an opinion of value of a property. This type of appraisal looks at past market conditions, property improvements, and other relevant factors at a specific point in history to determine the property’s value at that time.

Retrospective appraisal or providing an opinion of retrospective value as of an effective date in the past is often completed for property disputes, income tax cases or estate settlements.

The appraisal is typically completed after the date of death and is often called a retrospective appraisal or historical appraisal. This means that although the inspection date may be later in time, the effective date of the appraisal is a date in the past (Usually the date of death).

Oct 6, 2008 · Retrospective appraisals (effective date of the appraisal prior to the date of the report) may be required for property tax matters, estate or inheritance tax matters, condemnation proceedings, suits to recover damages, and similar situations.

Jun 14, 2024 · A retrospective appraisal determines the estimated value of a property at a specific point in the past. This type of appraisal requires the appraiser to consider the market conditions and property details as they existed at that previous time, rather than current market data.

Explain to the real estate appraiser the purpose of your retroactive appraisal, and provide access to the subject property if possible. Also provide whatever documentation you hold (deeds, inspection reports, photographs) as to the condition of the property on the date in question.

The process of conducting a retrospective appraisal involves gathering relevant data, analyzing historical performance, and identifying trends and patterns. Common methods used in retrospective appraisals include comparative analysis, trend analysis, and ratio analysis.

Whether it's an older home or luxurious new construction, our experience and education as licensed appraisers make us qualified to provide home valuations in Maricopa County for clients ranging from national mortgage companies to local lenders or …