FREQUENTLY ASKED QUESTIONS

Why would I need to have my horse appraised?

What factors affect the value of my horse?

What does the appraisal include?

Why use a certified equine appraiser (ASEA)?

What types of appraisal are available?

What does an appraisal cost?

Why would I need to have my horse appraised?
To establish market value
For insurance purposes
To settle estate, divorce, bankruptcy or business dissolution
To obtain bank or other 3rd party financing
For the sale or transfer of your horse
Donation of your horse as required by IRS (over $5,000)
Certified appraisals may be used as valid "marketing tools"
Making potential buyers feel more confident with their buying decision

What factors affect the value of my horse?
Breed and pedigree
Fair market value as determined by others of the same breed and training
Proven level of training
Disposition using a scale of 1-5 (1 being bomb proof)
Performance record shows, schools, events
Physical traits such as age, health, weight, size, markings and conformation
Lineage record and family history

What does the appraisal include?
The appraisal process includes an onsite inspection of the horse, comparison of the horse to other similar horses in the market and analysis of the relevant market. All appraisals are developed and written in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP).

The appraisal is a detailed report containing a full description and photos of the horse, a statement of the intended use of the appraisal, the type of value, a summary of facts upon which the value was determined and a statement of the conclusions reached. The report is received in a bound report with a video if requested.

Why use a certified equine appraiser (ASEA)?
Certified Equine Appraisers have demonstrated knowledge and understanding of their fields of expertise, as defined by the American Society of Equine Appraisers, the only body in the United States that can offer certification according to the Appraiser Qualifications Board standards.

What types of appraisal are available?
Summary Appraisal
The most common and the most acceptable for general valuation horses. Used by a specific user and restricted to a specific purpose for that user. Most commonly done on a Sales Comparison Basis to determine Fair Market Value.

Restricted Use Appraisal
A brief report giving information rather than lengthy descriptions or summaries

A Self-Contained Report
This is the most complete and comprehensive type of report. The report gives an accurate, detailed description of the property, identifies and defines the marketplace where the comparable's were found and explains why that market was used, fully explains what process was used to determine the value and includes a description of each of the comparables included in the report.

Hypothetical Appraisal Report
Used for a property that is deceased, stolen or a future potential. The use of a hypothetical condition must be disclosed in the report making the user aware of the condition upon which the appraised value is based.

What does an appraisal cost?
The cost is determined relative to the time taken. Most appraisals will take from 3 to 6 hours at a rate of $60 per hour plus mileage over 25 miles at 45 cents per mile. Discounts apply for multiple horses in one location.