Retrospective/ Back-dated Property Valuations
A retrospective property valuation is required in many circumstances. A retrospective property valuation, or back-dated valuation, is a report which is determining a properties market value at a specific point in the past. A retrospective valuation is not based on the current market value of the property, but a specific date which is required by the client. A retrospective property valuation is required in many circumstances. These include:
- Settlement purposes
- Deceased estate valuations
- Capital Gains Tax
- Government grants
A retrospective property valuation is conducted in the same manner as a current market valuations, however the variables which influence the value are taken from a different point in time. A retrospective property valuation requires extensive research on the relevant property market at the specific point in time, coupled with evidence on the property itself at the specific date. To calculate the backdated value of the property, the valuer will consider the price at which the property was purchased (if it was purchased), the condition and size of the property at the backdate and an in depth analysis of the market at that time.
Why choose a Vals TAS certified valuer?
Our team of highly qualified industry experts are specialised in producing retrospective property valuations. To be able to determine an accurate retrospective value of a property is a complex process which requires comprehensive, detailed research by an independent valuer.
When you reach out for our valuation services, we will deliver you with a comprehensive, detailed report examining the key factors which have influenced the value of the property in question. Each and every one of our valuation reports are legally certified and thorough to meet the clients valuation requirements, whether this be for private or formal use. We are able to provide a valuation report which meets all legislative requirements to be accepted by all governing bodies.
If you require a retrospective property valuation, or would like to find out more information on how we can assist you, please contact our team of experts on (03) 6108 2178 and we will be happy to help you.