Residential appraisal service
Estate, Trust and Retrospective Real Estate Appraisals
Property value sometimes must be established as of a specific prior date rather than today. Selkirk Valuations provides current and retrospective residential appraisals for date-of-death reporting, estate administration, probate, trust matters, gifting, and related planning.
When it is useful
When to request this appraisal
A clearly scoped appraisal can help fiduciaries and professional advisers document a market-supported property value for an identified date and purpose.
- Date-of-death and step-up basis reporting
- Estate settlement, probate, and trust administration
- Gifting and selected planning assignments
- Current or historical value for an identified legal or financial use
What to expect
A scope built around the intended use
Retrospective work considers the property and market as they existed on the effective date. The research may include historical listings and sales, public records, archived market data, and other evidence reasonably available for that period. The report identifies its intended use and intended users; legal and tax advice remains with the appropriate professional.
- Define the assignment.
Confirm the property, intended use, intended users, and effective date. - Confirm scope.
Establish access, research needs, reporting format, fee, and timing. - Analyze the property.
Research the market and complete the required property analysis. - Deliver the report.
Provide the appraisal and appropriate clarification.
Frequently asked questions
Estate and retrospective appraisal questions
What is a retrospective appraisal?
A retrospective appraisal develops an opinion of value as of a prior effective date. The appraiser uses property information and market evidence relevant to that historical date.
Can an appraisal be prepared after the property has sold?
Often, yes. The assignment is first reviewed for available property information, historical market evidence, and the intended use of the report.
Who can rely on the report?
The engagement identifies the client and intended users before work begins. Any attorney, accountant, trustee, or other party who may need to rely on it should be discussed at the outset.
Discuss your estate and retrospective assignment
Send the property and assignment details to confirm scope, availability, timing, and fee.
Request a quote