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Retrospective Appraisal Reports up to 20 Years in the Past
May 19th, 2023 4:52 PM
Lately for the last number of years, I have been valuing real estate properties in the past up to 20 years ago for legal purposes, estates, lawyers, divorce and family matters.
Since I have been a Licensed California Real Estate Professional circa 1980 to the present, my experience and recall of lived past economic events helps me to do this type of work.
Recently, I watched a newer version of The Time Machine, H.G.Wells on television classics and now with the aid of computers in real estate, I travel back in time to make sense of the data I put into my reports.
It used to seem like work, but now seems like an adventure every time doing this type of Forensic Retrospective Appraisal assignments.
Its better than doing crossword puzzles, as there are a few Ph.D. appraisers have told me why they are in the Real Estate Appraisal Field.
I have a search methodology for data that I use for all my assignments which I can explain to the reader as to how I did it with provable search methods.
This type of work is different from mortgage lending as it requires even more data in the reports for a reader to follow as to the valuation process.
As usual, I back up the data in the report with 8 MLS statistical charts and scatter graphs which is part of my signature reports.
No report is the same as each property is unique as to the data produced in the initial MLS CMA Data which is downloaded and exported into the Retro Reports.
If you have any real estate questions or concerns or are simply looking for Real Estate Professional to talk to then give me a call.
Regards,
Tom Melville
Calif Certified Res Appraiser
Calif Real Estate Broker Owner
831-883-0406
Posted in:
Real Estate Appraisal
and tagged:
Real Estate Appraisal
Posted by Thomas Melville, MNAA, MRA on May 19th, 2023 4:52 PM
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