Retrospective Appraisals are historical appraisals that determine the value of a property at one or several points of time in the past.
Retrospective real estate appraisals are most often performed in the process of estate settlements in cases of death or divorce. Preparing an accurate and defensible retrospective real estate appraisal entails a great deal of experience on the part of the appraiser. Property valuations must be determined according to market conditions on a specific date, including comparable sales, economic climate at that time, and many other factors, while ignoring market or condition changes that may have occurred at a later date. Compared to today’s easily accessible information through the internet and other avenues, obtaining accurate records from several years in the past requires years of experience and training in the real estate appraisal business and a good general knowledge of the history of the geographical location of the property in question.
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Call Empire Appraisal Group directly with any questions concerning any matters relating to retrospective appraisals at 561-441-9298. Check out the ‘Reviews’ page for recommendation from our clients.