What is the term for developing an opinion of value for a property as of a future date?

The term for developing an opinion of value for a property as of a future date is referred to as a prospective appraisal. This type of appraisal involves evaluating the market conditions and available data to estimate what the property will likely be worth at a specified future date, taking into consideration factors such as anticipated market trends, potential improvements, and economic indicators.

In contrast, retrospective appraisals deal with determining a property's value as of a date in the past, analyzing historical data and conditions. Current appraisals focus on the property's value at the present moment, utilizing information available at the time of the appraisal. Concurrent appraisals, while similar in timing to current appraisals, refer specifically to assessments happening simultaneously with another event, such as a sale. Therefore, the distinction lies in the temporal focus of the appraisal: prospective appraisals are forward-looking, while the others are rooted in the past or the present.