In most situations, a property valuation report is conducted at current market value with the most recent comparable sales and market trends being analysed to determine the fair market value as at the date of valuation. However, it is not uncommon for a client to require a property valuation report for a date since passed. This is known as a retrospective property valuation report.
A Retrospective valuation can also be referred to as a back-dated or historical valuation and refers to the method of determining an asset’s value at a certain point in time.
Properties cannot (unfortunately!) be valued in the future as no one has a crystal ball to know what the market will do, however, we most certainly can value at a point in the past. Valuers form a view of how the property existed in that time, and compare it to other similar sales of properties from around the area at the same time. This is called the Direct Comparison Approach and is a common valuation methodology.
Common uses for a retrospective valuation report are:
Why Choose Vanguard Valuations?
Here at Vanguard Valuations, we take special care to understand your needs and how to achieve them. This includes investigation into a wide range of resources and asking the right questions to ensure we achieve the best results for you.
Due to our extensive knowledge and utilization of premium valuer resources essential to accurate property valuation, our reports are produced efficiently, transparency, and with the utmost level of care.
Vanguard Valuations can provide accurate and reliable valuation reports on all manner of properties including houses, units, commercial and industrial, rural, and development sites. We cover a large length of the east coast, including capitals of Canberra and Sydney, as well as all rural areas, Wollongong, Western Suburbs, Sutherland Shire, North Shore and Northern Beaches, Hawkesbury, and the Central Coast. We also complete property valuations in all Melbourne suburbs and rural areas.
Here at Vanguard Valuations, we pride ourselves on the efficient delivery of our professional property valuation reports. We will ensure our reports are delivered in accordance with your required deadlines and are happy to cater for urgent requests.
We also provide a highly personalized service that has an emphasis on providing clear, accurate, and succinct property advice, no matter the purpose. Our valuers have access to our huge database, as well as all the most sought after valuation tools.
Vanguard Valuations can have a local certified valuer out to inspect your property within a day’s notice, with reports generally taking 2-3 business days to complete.
For further information on how we can assist you with your retrospective property valuation requirements or to enquire as to costs, please call our office today – you can find out details on our Contact Us page. Otherwise, please fill out your details in our enquiry form and we will get back to you as soon as possible.