There are several good reasons for acquiring an appraisal. More courts,
judges and insurance companies are requiring an independent appraisal by a certified appraiser that has no connection to the
animal being appraised. Certified appraisers are trained and have taken an oath to follow USPAP (Uniform Standards of
Professional Appraisal Practice) guidelines for developing and writing appraisals that are ethical, unbiased and based on
diligent research using sound economic principles and practices.
Some of the common reasons to acquire an appraisal are:
- Bankruptcy
- Divorce
- Donation Value
- Estate Settlement
- Financing
- Insurance
- Liquidation
- Tax or Sale Purposes
Determining the value of a horse is very similar to
valuing a house or any other personal property. The appraiser's job is to determine the market value of your equine.
The owner of the horse must decide what the intended use of the appraisal is going to be: bankruptcy, collateral, estate settlement,
insurance purposes, determining sales prices, etc.
Values to be considered
are:
- Fair
Market Value
- Retail Value
- Consignment Value
- Wholesale Value
- Cull Value
- Liquidation
Value
