Welcome To Dun Rite Equine Appraisals

Summary appraisals are most common and are considered the most acceptable for general valuation of horses. Frequently used in buying, selling or court a summary appraisal is prepared for and restricted to a specific user and purpose. It cannot be used for another client or to value the horse under different circumstances or at a different time.

Most commonly done on a Sales Comparison Basis, similar to real estate, it requires analyizing data in various formats for determination of fair market value.

In the case of a deceased or lost horse, this appraisal assumes facts that would ordinarily be obtained through the physical inspection of the equine. These assumptions are documented as hypothetical conditions. Usually for insurance claims.

Summary Appraisal

Usually for insurance purposes. Often includes current and prospective value of the subject.

Preliminary Appraisal

Includes all relevant data plus a study of the general economic conditions and the horse world as a whole.

This report type is very extensive but infrequently required.

Summary Appraisal

Most commonly done on a Sales Comparison Basis, similar to real estate, it requires analyizing data in various formats for determination of fair market value.

Preliminary Appraisal

Usually for insurance purposes. Often includes current and prospective value of the subject.

Self - Contained Appraisal

Includes all relevant data plus a study of the general economic conditions and the horse world as a whole.

This report type is very extensive but infrequently required.

THE APPRAISAL PROCESS

In making an equine appraisal, most often a comparable market analysis is used. The market data approach has as its premise the comparison of the subject equine with other equines that have sold in the recent past. From these values of recent equine sales, a composite figure is calculated representing the current (or fair) market value of the subject equine. This value is time sensitive due to economics and trends in the horse industry.

Current Market Value: This is the highest price, estimated in terms of money, that an informed buyer would pay for a particular horse on any given day. Markets change and an appraised value may change in months or days.

At the client’s option, a veterinary exam and statement of the horse’s physical condition can be factored into the appraisal. This is especially useful for an older horse or when the value that the client believes the horse to hold isn't represented in the comparable market analysis. Also at the client’s option, trainer’s statements (either an independent, one-time evaluation or from those trainers that have directly worked with the appraisal subject) can be factored into the appraisal. This is especially useful for a horse with extensive training but limited competitive experience or when the value that the client believes the horse to hold does not bear out in the comparable market analysis.

END RESULTS:

The client is provided with a complete, professional report which contains a full written description of the equine, including photo(s), conformational/gait analysis and a copy of the subject’s registration papers with any significant notes about lineage plus show records and other supporting market data to back up the conclusion and valuation. A veterinary exam or trainer’s statement may be critical in accurately assessing a horse’s current value and would also be a part of the finished report, if the client desires.

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