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What is a retrospective appraisal and why the clients are willing to place such an order? Retrospective Appraisal refers to an appraisal with the effective date in the past. Let's say that there is a dispute about the value of certain property (either due to tax litigation or divorce or any other reasons including but not limited to a date of death, etc.) as effective date of 5 years ago. The client wants to know how much was the value of the property under dispute 5 years ago. Probably, the court wants to know this fact (value) to rule on a dispute between parties. 
The appraiser has to look at the market activities occurred during that period and has to analyze prior activities (now he/she has to go back 5 years and find out what was sold within 12 months that reasonably would resembled the characteristics of the subject property).
Summary:
An appraisal performed at the present time with an effective date as of a date in the past is technically known as a Retrospective Appraisal. Retrospective appraisals may be needed for a variety of reasons including; Property tax appeal – valuation for a specified tax year. Litigation – valuation as of the date of loss.
I hope the above information has provided you with some information about the use and purpose for a RETROSPECTIVE APPRAISAL. For more info either call me at 818 880-1466 send an email to: kiani105@yahoo.com or visit my website: www.pacifichomeappraisers.com