ADVICE: Purchase mare for breeding - The Horse Forum
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post #1 of 10 Old 07-30-2012, 05:21 PM Thread Starter
Foal
 
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Exclamation ADVICE: Purchase mare for breeding

I would like to have your opinion on this issue.

Everything started with a mare that wasn't for sale. I told the owner that I like her mare and i would like to buy it from her. After few weeks, she agreed to sell it to me for 7k with a payment plan and several conditions. After few weeks of negotiation, she droped the price to 4K and she added one condition: I have to take care of her actual foal until she sells it. I have no issues with this condition, but after that, she added more conditions. Here is the new terms:

1- The mare must be approved by Sport Horse Association

2- The actual owner wants the right to request one new foal from the mare at any time (2, 3, 10 years after the sell)

3- If I decide to sell the mare, I must give her the first choice and I must sell the mare at the price that I've bought it (4000$).

4-(the part I'm not comfortable with) The actual owner have full rights to decide which blacksmith I'll use until she get her foal from the mare.


Is anyone have already had a similar issue? Is these terms and conditions to the sell make sens?


Thanks guys!
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post #2 of 10 Old 07-30-2012, 05:32 PM
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Run, do not walk, away from this seller. I'd NEVER agree to any of those terms.

You want the truth? You can't HANDLE the truth!
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post #3 of 10 Old 07-30-2012, 05:34 PM
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Wow, restrictive much? I would not agree with any of them - the first one adds value to the mare, the second means you're paying for care whole she gets a foal from a mare she's sold, third makes no sense - however I would agree to first right of refusal at fair market value, and the fourth comes across as overbearing.
The first and third worry me most - you're adding value to the mare but won't profit at all from it, but she may if you ever decide to sell.
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post #4 of 10 Old 07-30-2012, 05:36 PM
Trained
 
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Agree 1000% with SR.

There are plenty of nice mares out there without the baggage.
You don't marry a guy and get a list of instructions of his mum or she gets him back.

This woman is setting you up to fail.
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post #5 of 10 Old 07-30-2012, 05:36 PM
Green Broke
 
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I would not agree to any of those conditions, even if the horse was free, much less paying $4000 for it.

It must be quite the horse.
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post #6 of 10 Old 07-30-2012, 08:08 PM
Weanling
 
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Quote:
Originally Posted by oxalie View Post
I would like to have your opinion on this issue.

Everything started with a mare that wasn't for sale. I told the owner that I like her mare and i would like to buy it from her. After few weeks, she agreed to sell it to me for 7k with a payment plan and several conditions. After few weeks of negotiation, she droped the price to 4K and she added one condition: I have to take care of her actual foal until she sells it. I have no issues with this condition, but after that, she added more conditions. Here is the new terms:

1- The mare must be approved by Sport Horse Association

2- The actual owner wants the right to request one new foal from the mare at any time (2, 3, 10 years after the sell)

3- If I decide to sell the mare, I must give her the first choice and I must sell the mare at the price that I've bought it (4000$).

4-(the part I'm not comfortable with) The actual owner have full rights to decide which blacksmith I'll use until she get her foal from the mare.


Is anyone have already had a similar issue? Is these terms and conditions to the sell make sens?


Thanks guys!
I wouldnt agree to any of those terms EXCEPT possibly the first right or refusal. Thats a pretty common one.. that if you do go to sell her you would give her first right/refusal.. and often it will be same purchase price.. hwoever many things can change. you can put money/training into her etc. I'd say you'd give her first right of refusal but at whatever her current sale price is and not the 4k.
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post #7 of 10 Old 07-30-2012, 08:16 PM
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The only conditions I would consider are the right to buy back and to keep the foal if not weaned until weaning, the others are really not reasonable. And if you are doing a payment plan don't be late on a payment because it sounds like the owner would take the mare back and you would be out what you paid to her.
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post #8 of 10 Old 07-30-2012, 08:23 PM
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First right of refusal is common, yes, but I would never agree to the stipulation of it being the purchase price - what if you put time and training into a horse that was bought for $1000 and is now worth $10,000?
Nope. First right of refusal only for the horse's asking price.
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post #9 of 10 Old 07-30-2012, 08:28 PM
Green Broke
 
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If she wants to be so controlling over the horse then she should probably just keep it.
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post #10 of 10 Old 07-30-2012, 10:07 PM
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What if, God help you, the foal or mare dies in your care - regardless of circumstance - this woman would sue you for full cost (her determination of value, of course) PLUS damages ....

Agree with the others, but if you bought this mare, I would wait until foal weans, come get the mare and NO CONDITIONS.

There is no passion to be found playing small - in settling for a life that is less than the one you are capable of living. - Nelson Mandela
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