How much is this horse worth?

Question
I forgot to mention that his pedigree is already posted on allbreedpedigree.com, registered name is Zestee Cheval. I would be interested in having him appraised if I purchased him. What is the usual cost of an equine appraisal? The horse and myself are both located in Texas. Does the appraisal require an onsite visual, or just a comparative market analysis via photos?
Thanks,
Autumn
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Followup To

Question -
Hi,
I'm looking at paying $1500 for a 10 yr old gelding who was "rescued" from his previous owner. He is registered and is both a grandson of Beduino on his sire's side and a grandson of Three Oh's on his dam's side. His personality thus far is sweet, controllable, calm, docile...no problems noted as of yet. He is coming to me with his teeth floated, had a chiropractic adjustment, and vet checked. His only noted problem is that his rear cannons and pasterns swell when stalled for too long without exercise. I haven't yet seen him in person, but the pic I saw shows a nicely built gray gelding with clean conformation. What would you price his worth at with the breeding that he has? After he gains his full weight back, I plan to start patterning him for speed events and possibly English. Is his breeding marketable for later resale if necessary? Thanks in advance for your advice!


Answer -
Autumn,
 I really can't give you a definate number on how much I think this horse is worth without doing research on his papers, and his past show/performance record and comparing him to other horses of his level.  For that I would have to charge you for a full appraisal, which I will gladly do for you if you wish.  
But just my personal opinion on whether you are getting a good deal or not I think this sounds a little too good to be true for my area, and market range.  If you can let me know where in the country you are I could give you a much better opinion on his worth, because the markets fluctuate from region to region.  I am in VA currently, and actually doing alot of research for myself on the market, so for this area that is a good deal.  Many many horses "stock up" so to speak when stalled, especially when they are used to being turned out.  This should not affect his performance, or soundness.  I do believe though that you should see if you can't get him on a 7 or 14 day trial to have your own vet to a pre purchase exam, to cover your tracks in case there is something more seriously wrong with the horse medically.  I do think that if all he needs is a few pounds, and some good work under him than you probably would be able to sell him for at least double what you paid.  But like I said before, in order to get a really good idea, or to give you an exact number of his value I would have to do an actual appraisal.  If you would like to do that you can check out my website www.myhorsequotes.com for my credentials, and to set something up, I am currently running a special of 10% off any appraisal.
I hope I have answered your question, please let em know if I can be any more help.  I am always available.

Samantha

Answer
Autumn,
  Depending on the type of appraisal you want will depend on whether it will require an inspection or not.  Although if you have videos or pictures that would be helpful no matter which report gets done.  A Restricted Use Appraisal is a short, usually 1 page deal that is only to be used by yourself (the horse owner) and is direct to the point, no explanations, with a value on the horse.  Then there is a Summary appraisal which is much more in depth, goes into explaining why and how the value was determined.  This appraisal report takes much longer, requires a physical inspection, costs a little more to put together, and is best for use by attorneys, judges, and will stand up very well in court.  A Restricted use will also stand up in court, but usually the judge requests summary appraisals.  A Restricted use appraisal will cost you about $75-$100, then my discount.  A SUmmary appraisal will run much more, it's $45/hr. (I give you a break down of hours on my bill), plus time and travel to do the inspection, and cost of supplies to put the actual report together.  For your purposes I'd say a restricted use apprrail is the best option, especially if you just want to know his net value for insurance or re-sale or something of that nature.  
If you buy the horse and what to have him appraised please let me know so I can get you a contract and get to work!
Also I would need an actaul copy of his papers, I can't legally print them off the web to include with the report.  I also would need a copy of the bill of sale or some proof that you bought him.  

Samantha
horsequote@yahoo.com
732-773-5106