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Huh?

This is a discussion on Huh? within the Horse Breeding forums, part of the Horse Breeds, Breeding, and Genetics category
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    02-07-2008, 12:56 PM
  #1
Showing
Huh?

So some of you know that I've taken on a (pregnant) horse to train for this lady. She knows I'm in the market for a project horse, so she made me an offer: half ownership of the mare and foal for $1500 ...
The mare is 6 and untrained (well, till I get through with her!).. and a grade mix. The stallion of the foal is a grade QH.. or so she's been told.
Here's what I don't get: She was offering this mare to me a couple of months ago to buy for $1400 with foal, and $1200 without - and now I get HALF ownership for $1500? If I just want to half-own the foal, it's "only" $500!
I was expecting to offer her $300 at THE MOST to BUY (own, not part-own) this foal if I liked it when it came out.
The market is in a HUGE slump. If she was taken to a sale, she'd barely pull in $300, let alone $3000! And foals now (especially grade mixes) are almost literally a dime a dozen.
It's not that the mare isn't cute - it's just that good-looking, trained horses are going to sales and averaging $700 per horse.
I would be interested in the foal, but certainly not for $500 for part-ownership!
How do I tell her that:
1) the prices she's asking are rediculous for the market value right now .
2) yes I'd be interested in the foal, but the most it's going to be worth is $300 - for full ownership - and that's putting top dollar on it! Not the $1000 she thinks it will be worth.
This has to be done tactfully. She's a very nice woman with a cute mare and I really do like working with both of them! I do see potential in the mare, and am really enjoying seeing the fruits of my labour!
Any suggestions?
     
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    02-07-2008, 02:17 PM
  #2
Yearling
Maybe just tell her you are going to keep looking (even throw in the word registered), because you have seen good, registered foals priced for less than $500. Also tell her that you are not interested in the complications of half ownership, and would rather own your horse fully.

She will probably either break and change her pricing right away, or she will try to sell the foal and come back with a better offer when she can't get that price, or you will find a better baby somewhere else.

I bet you could pretty easily find a not grade weanling this coming summer for less than $500 if you keep looking. You might be able to find a much nicer horse! :)
     
    02-07-2008, 02:26 PM
  #3
Started
I certainly wouldn't be interested in co-ownership unless it was on a horse waaay out of my price range (like a breeding stallion that I don't have the skill or time to manage, or a champion racehorse).

If you can come to her with solid proof of the current horse market and be tactful, I think it'll be okay...most people do listen to reason.

Of course, if she is raising the price now, maybe she doesn't really want to sell them. Possibly your best bet may just be to back off a bit and wait for her to make her decision. I can't imagine that an owner would take a horse to sale when there is an interested private buyer in the wings.
     
    02-08-2008, 11:54 AM
  #4
Showing
Yeah, I definitely don't want half-ownership... expecially because with the next horse I'll probably be looking to buy to resell.

Thanks for your comments! I was just blown away by the price for the value.


Anyways, any more comments?
     

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