WHEN DO YOU NEED A HORSE APPRAISED?
If you want to maximize the actual sale price you will receive when you sell
your horse then a professional, written appraisal is required.
Appraisals are used in litigation, estate settlements,
bankruptcy, insurance matters (premiums & claims), liquidations and to establish collateral value.
Appraisals are
used to settle and frequently prevent lawsuits.
According the IRS regulations, mandatory appraisals are required for
all charitable contributions for horses whose value exceeds $5,000. When an appraisal is not done, the deductions are
often disallowed by IRS.
Our appraisals are fully compliant with all regulations and fully support claims and
deductions with the IRS and with state tax agencies.
Professional appraisals are viable marketing tools that will make
your potential buyer feel fully confident about the price they are paying for their prospective equine purchases.
Professional
appraisals often make the difference between insuring horses for what they are really worth, or settling for the Insurance
Company's valuation, which is generally lower your horse's fair market value.
Horse owners are not automatically protected
by an "agreed value" rider on their insurance policy. Underwriters can challenge the current market value of the
horse and the value that it was insured for after-the-fact. An appraisal by our highly qualified appraisers prevent this problem.
In addition to appraisals, our services include expert witness testimony and assistance with interrogatories, depositions,
investigations and witness preparation.
When you retain the services of our experienced, professional equine appraisers,
you are assured of the correct and most reliable valuation.
An appraisal by Three Colts West Equine Services
Group is accurate, impartial and credible. We are educated and experienced in the fields of finance, business, law and equine
science.
We deliver an independent valuation that ensures your equine is appraised at its actual fair market
value.
YOUR APPRAISAL WILL INCLUDE:
* A professional inspection on site
* Detailed data collection,
including all pertinent documentation
* Analysis of the subject equine
* Comparison of the subject equine
to his peers
* A complete written report and a letter of opinion
WHAT AFFECTS YOUR HORSE'S
VALUE?
* Physical traits—age, health, conformation, breed, pedigree and disposition
* Accomplishments—training,
show records, prizes and earnings
* Performance records of sire, dam, offspring and siblings
FACTORS
THAT DO NOT AFFECT YOUR HORSE'S VALUE:
* Emotional attachment
* Perceived value
* The price
actually paid when the horse was purchased
* Direct or indirect costs of ownership
* Owner’s opinion
CERTIFIED APPRAISALS ARE USED:
* To establish market value
* For insurance purposes
* For legal matters
* For bank financing and/or collateral
* For sales or transfer of titles
* For any other reason that requires placing a value on a horse
