Join Date: Sep 2009
Location: Tampa Bay area, FL
Usually, buying a foal in utero is cheaper than buying a yearling....the price goes up once someone has spent time to really get groundwork laid in to them.
I personally would only do it if I was looking for something specific (like loud color or a good jumper horse), and only from well-established lines. How many times has the dam foaled before? You don't want her to have too many babies, but definitely see if you can find some examples of the dam/sire combination to look at. Also it helps to see the other babies temperament and conformation.
But it sounds like the contract that's drawn up covers everything, so if you decide to go through with it, the only thing you'd lose is an extra year if the foal was somehow sick or malformed.