|
|
EQUINE APPRAISALS
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 the USPAP (Uniform Standards of Professional
Appraisal Practice) guidelines for developing and writing appraisals that
are ethical, objective, unbiased and based on diligent research using sound economic
principles and practices.
|
|
Some of the most common reasons to acquire an appraisal are:
- Bankruptcy
- Divorce
- Donation Value
- Estate Settlement
- Financing
- Insurance
- Liquidation
- Sale
- Tax 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 the property.
The owner of the horse(s) must decide what the intended use of the appraisal is
going to be: bankruptcy, collateral, estate settlement, insurance purposes, determining
sales price, etc.
|
|
Values to be considered are:
|
- Fair Market Value
- Retail Value
- Consignment Value
- Wholesale Value
- Cull Value
- Liquidation Value
|
|
|
|
Pacific Equine Appraisal & Consultation offers nationwide service to include
on-site appraisals and "long distance" appraisals via the Internet, email, phone
and postal mail. We prefer to see horses in person whenever possible, but if that
is not feasible, we work with the client to provide the needed service. We also
appraise deceased animals, determining value at the time of death.
|
|
|