Retrospective Claims
Opinions of property value at a past date.
Who we work with
Legal counsel, owners and other parties to a property dispute need retrospective valuation when the relevant transaction, event or alleged loss occurred at an earlier date.
When you need us
Where a dispute concerns an earlier transaction or event, the valuation must reflect the circumstances and information relevant to that time.
What we do
Review property records, planning permissions and documents
Identify and explain the assumptions needed to reconstruct the valuation
What you receive
The resulting report provides a reasoned historical value opinion for clients and legal counsel, with the evidence and limitations clearly stated.
What we need to begin
Provide the requested valuation date, a chronology, agreements of purchase and sale and historical property records. Photographs, plans, leases and details of later alterations help distinguish the property’s past condition from its current state.
An anonymized assignment
gsi prepared a retrospective residential appraisal following a failed purchase and subsequent resale. Historical comparable transactions, property characteristics and sales timing supported an independent value opinion at the instructed date.
Questions & answers
Can a later resale be relevant?
It may provide context, but its timing and circumstances must be examined in relation to the effective date. The analysis should not simply substitute a later price for the required historical value.
What if the property has since changed?
Provide records of its condition and use at the relevant time and details of subsequent work. The report identifies the assumptions needed to reconstruct the historical property.
Is the difference between two sale prices the loss?
An appraisal estimates value on its instructed basis. It does not by itself determine a party’s legal loss; counsel defines the legal questions and how the valuation evidence is to be used.