 | | Why do I need a certified appraisal?
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- To establish market value
- For insurance purposes
- For legal matters such as: estate settlements, wills, business partnerships and agreements, divorce, bankruptcy, charitable
donations, tax matters, civil litigation, and injuries
- Bank financing
- Sales or transfers
| | What factors affect the value of my horse?
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- Physical traits such as age, health, and conformation
- Performance record
- Proven level of training
- Disposition
- Breed and Pedigree
- Market
- Accomplishments of offspring
- Factors that don't affect value include: emotional attachment; perceived value; and costs of ownership such as, board, feed,
veterinarian, and maintenance.
| | What does an appraisal include?
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- All appraisals are developed and written in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP).
These are the same standards used by real estate appraisers
- The appraisal process includes an on-site inspection, analysis of the subject horse, comparison of the subject horse to other similar
horses in the relevant market and analysis of the relevant market
- The appraisal is a detailed and bound report containing a full description and photos of the subject horse, a statement of the
intended use of the appraisal, the type of value, summary of facts upon which the value was determined, and a statement of
conclusion reached, including any limitations or qualifications that affected the conclusion
| | As the horse owner or client, what is my responsibility once an appraisal is scheduled?
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- Provide a copy of all available records pertaining to the horse and any offspring to the appraiser (your appraiser will advise what
specific documents will be required)
- Be prepared to handle the horse yourself or designate an authorized agent (such as a trainer) who will be responsible for handling
and, if required, to ride the horse during the on-site inspection, proving the horse is suitable for the purpose stated
| | What if my case has to go to court?
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- Please consult an attorney
- Consultation, testimony, and/or disposition concerning the appraisal are provided at an additional fee for time and expenses
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