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How to spot scams when selling your horse

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  • 1 Post By stevec71
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    01-06-2012, 10:14 AM
  #1
Foal
How to spot scams when selling your horse

When selling your horse, there is always a risk of being scammed. It is vital that you recognise the signs of an untrustworthy buyer. Here are a few tips to help you avoid being scammed when selling your horse:

Look out for email scams
Many untrustworthy buyers will contact horse owners via email stating that they are interested in purchasing horses for sale and promising payment. These buyers will often ask for your personal details so that they can contact you or send you payment. Many email scams are often sent from web-based email addresses, such as yahoo.com or gmail.com, so look out for this when receiving emails from buyers. Emails that are littered with spelling or grammar mistakes are often signs of a scam. If you are suspicious, then avoid the email. You can also report suspicious emails to the email provider.
Avoid giving out your personal details
Untrustworthy buyers will ask for your personal details or financial information. Never give out this information until you are sure that the buyer can be trusted. Always avoid sending out your home address or any other personal details over email. Get to know the buyer before you go through with the sale and avoid any buyers that seem hesitant when it comes to making the transaction.
Avoid offers that seem too good to be true
If an offer seems too good to be true then it usually is. Avoid buyers that promise more money than your asking price. Buyers that offer more money will usually end up not sending you the payment, so it is vital that you avoid being tempted by the promise of higher payments.
Avoid buyers that have not viewed your horse
Buyers that offer to purchase your horse without having viewed it should be avoided. When selling or buying horses, the horse involved should always be viewed so that the seller can get a good idea of who the horse will be sold to and the buyer can decide whether or not the horse is right for them.
Avoid buyers that ask for money
Even though you are the one selling, some untrustworthy buyers may try to get money out of you. Avoid any emails from buyers requesting money. The only person that should receive any payments is yourself, not the person you are selling your horse to.
Avoid buyers that you are suspicious of
Whether itís via email or face to face, if a buyer gives you reason to be suspicious then you should avoid them. Only deal with buyers that you feel that you can trust. Get to know the buyer and find out what their background is with horses. If you have any friends or family that are interested in horses, then consider selling to them instead, as you will feel more comfortable when it comes to making the sale. Looking out for scams will not only protect yourself but also your horse. Making sure that you are dealing with a trustworthy buyer will help you to feel at ease when it comes to receiving payment and sending your horse to its new home.
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    01-06-2012, 10:42 AM
  #2
mls
Trained
Quote:
Originally Posted by stevec71    
Avoid buyers that have not viewed your horse
Buyers that offer to purchase your horse without having viewed it should be avoided. When selling or buying horses, the horse involved should always be viewed so that the seller can get a good idea of who the horse will be sold to and the buyer can decide whether or not the horse is right for them.
I have purchased and sold horses sight unseen.

I'm very sure a lot of folks in the breeding business base purchase on blood lines and perfomance results vs seeing the horse in person.

With videos so easy to share, I am sure it happens frequently.
Ok Paints likes this.
     
    01-06-2012, 10:57 AM
  #3
Green Broke
Comes down to: Get your payment (cash, cleared check, confirmed transfer, whatever) before you allow your horse to leave. Simple, effective, common sense and been practiced for centuries.

As for people being silly enough to SEND money TO a buyer when they are SELLING a horse (point 5), well, they deserve to be swindled. That's just plain stupid.
     
    01-06-2012, 09:09 PM
  #4
Showing
A scammer contacted me about a saddle I was selling. Instead of dismissing it I engaged in conversation, making the most proposterous suggestions to make the sale and transfer easier for the buyer. The more correspondence I received the worse the english got. I got the idea from a gal who said she'd need extra money for custom water wings so her horse could swim the Atlantic, that he got seasick on ships.
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    01-07-2012, 09:42 PM
  #5
Weanling
I've sold a few horses to people sight unseen, I always provided the potenial buyer with plently of details about the horse, it's health, condition, personality, training, ect, with a ton of confromation shots, and action shots as well as video to make sure they know what they are getting. I have not had a problem, and all the horses have sold to great homes.
     
    02-21-2012, 08:26 PM
  #6
Showing
Avoid buyers that have not viewed your horse

I have two that I bo't sight unseen and haven't been disappointed.
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    02-26-2012, 08:32 PM
  #7
Started
So, my friend was selling her horse, and a person contacted them and said they were interested and the mom told them where the horse was - at a boarding barn at the end of ---- Rd. And a week later the mom and daughter (possible buyers of the horse) showed up out of the blue and walking into the barn. Luckily the BO was there and showed them the horse saying this is the horse, and took off her blanket ..
     
    02-27-2012, 03:32 PM
  #8
Started
I was selling a horse a few years ago, not for big money,it was more to rehome a horse who had been purchased for a girl and the pairing was completely unsuitable. I was contacted by somebody through email, they were from the UK and had no interest in coming to view the horse (these days a flight over is all over €10) and they were asking for my bank details.

The name of the person I googled, and it came up in connection with TB studs (the horse was a TB) but the fact that it was a hotmail address unnerved me as most of these studs would have a @studname.ie or similar. I refused to give out my details, there were many scams going at the time asking for bank details and I was far to wary about giving out my acc and nsc to somebody. I'm sure it would have all been fine but one can never be too careful.
     

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