Skill and Good Judgement
The first step in obtaining an impartial valuation is engaging the services of an accredited equine appraisal professional.
an appraiser that has first-hand experience and in-depth knowledge of equine,
as well as
specifics of the breed/discipline being evaluated.
The appraiser should also have extensive
understanding of the equine industry, market influences, and the critical
variables that influence value. An appraiser with these skills
and knowledge is better qualified to make good value judgements.
Accountability is Imperative
It is the responsibility of an equine appraiser to determine an unbiased valuation for the protection of several parties: owners, buyers, insurance carriers and lending institutions. The appraiser must use due diligence to research, analyse, and make judgement calls. The appraiser has to be able to substantiate the decisions with supporting research and documentation.
as a consumer you know what an appraiser should do, you will be
better informed to ask the questions that will help you choose an
appraiser that's right for you.
Factors That Do Not Affect Valuation
impartial appraisal cannot be based on emotional attachment, hopeful
dreams, or promises. Everything the appraiser studies is based
on facts that can be substantiated. Your emotional
attachment to a horse or a perceived value, cannot be taken into
consideration. What you paid for a horse or may
still owe on a horse may not be applicable in the evaluation.
Any costs that were incurred directly or indirectly for maintenance,
veterinary bills or any other financial commitments pertaining to
the horse cannot be included in the appraisal.
Factors That Affect the Value of a Horse
Please remember that appraisal values are time sensitive. Economic conditions and trends in the horse industry do change and an appraisal value may increase or decrease significantly in a short period of time or be affected by a change in locations.
We recommend that you do not use one appraisal for more than one dissimilar purposes. For example an appraisal prepared for a bankruptcy trustee is entirely inappropriate for use in determining replacement value of an equine for insurance purposes.
Ensure an Appraisal Serves Your Current Needs
Please be advised that conducting your own research and analysis may
not be acceptable for your intended purpose. Only a written
report prepared by a qualified/accredited/certified professional
appraiser may serve as a legal document or be accepted by lending
institutions or insurance underwriters.