First time horse buyer-Does this sound like a good deal or no? - Page 3 - The Horse Forum

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post #21 of 38 Old 04-17-2013, 10:32 PM
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At least here in OK, good QH's are going for good money. I was just at an auction and most horses, unbroke but registered and out of good stock, sold for minimum $5K. If it was under saddle, being used in a job and good at the job the prices went from $10K up. A mare who had been a money winner in her youth and had produced many money winners, sold for $240,000.00. Her 3 yo, unstarted geldings sold for $50K.......So, $3500 for a BTDT, beginner safe horse doesn't seem like too much money to me.

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post #22 of 38 Old 04-17-2013, 10:42 PM
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Heelsdown, regular solid trail horses don't seem to be worth much over here in PA.
Couldn't you get a trusted friend to check out horses for you at a distance, if you see something you like? Then maybe you could try the horse a time or two, plus your friend's time, and get a better idea of what you're getting into!

I feel your pain on the "buyer's remorse". I got my girl from Camelot, and I SWEAR she's into my non -horsey hubby =/. It's getting better though. I mean, it takes time to get used to a horse, I guess, so you definitely want to make sure the horse is trained, willing and able to do what you want. Did you have an insta bond with the lesson horse, or did you feel eachother out for awhile?

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post #23 of 38 Old 04-17-2013, 10:43 PM Thread Starter
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Thanks ladies. I do feel better about his price. I'll wait a little and keep leasing because while I no longer think it's a total rip off, I also don't think someone is going to buy him out from under me. So I do feel good about waiting and leasing.

I posted on the breeds board to see what they think he is. I really don't care about breed. I'm just curious.
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post #24 of 38 Old 04-17-2013, 10:45 PM
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Quote:
Originally Posted by Dreamcatcher Arabians View Post
At least here in OK, good QH's are going for good money. I was just at an auction and most horses, unbroke but registered and out of good stock, sold for minimum $5K. If it was under saddle, being used in a job and good at the job the prices went from $10K up. A mare who had been a money winner in her youth and had produced many money winners, sold for $240,000.00. Her 3 yo, unstarted geldings sold for $50K.......So, $3500 for a BTDT, beginner safe horse doesn't seem like too much money to me.
Holy crap!! The other horse I was looking at was a paint, looked like and built like a QH though, probably registered, and he was branded. He was not recommended for beginners because he had too many "buttons"...he had sold for $6500 last time a couple years ago. Behaved perfectly, stood quietly the whole time we were there, and did everything right.

He went for 1300!!!!!! At Camelot two weeks ago. That's IT! My hubby was cranky cranky cranky at me for not bidding, but his hands weren't broke haha.

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post #25 of 38 Old 04-18-2013, 12:47 AM
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I guess prices really vary. I personally think $3700 is alot of a 'generic' unregistered horse that doesn't excel in any one discipline. Not that that is a bad thing, just that he doesn't have copious amounts of training in one thing like dressage or jumping. Just seems high to me.

Maybe it is crazy, but what I'd do if I was seriously concerned about getting scammed is seeing if I could have a friend pretend to be interested in the same horse and find out a price. If it is selling season and she has alot of horses for sale, it doesn't seem like it would be hard to have someone call or show up asking about that same horse and see if they are given the same price. Maybe that is crazy and not the best of ideas, but it IS a way to find out if she is scamming you because she knows you like him, or if she is being fair and truly asking that price for him.

Also, depsite being 'firm' on price, I've found that money talks. Cash, for example, tends to lower the price a bit. Don't be afraid to negotiate as best as possible. Try offter $3500 cash . It seems to me that you are set on his horse. Not a bad thing, but just know how to play the game.

I wish you the best of luck and hope you find happiness with your future horse!

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post #26 of 38 Old 04-18-2013, 01:35 AM Thread Starter
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demonwolfmoon, that is so cute that your horse is into your hubby! Lol My husband said if he ever got a horse, he'd want a mare.
Unfortunately I don't have horsey friends outside the area except my aunt who lives in AZ. I did feel a bond with this horse right away. He made me feel relaxed and he's really been such a good boy. I can be nervous rider at times and I think he knows that. So because I know him, I feel like he's worth it, but then I thought, if I saw a grade horse in an ad for that price, I'd skim right over it.

Horsequeen, that is such a good idea about having a friend go ask. Ugh, what scares me is that deep down, I'll bet she wouldn't go that high. Though now she knows I love him and I think she'd turn down a buyer who offered 2k because she knows I'll end up paying more.

I guess it's a live and learn kind of thing. Next time, I will definitely ask the price first. I'm such a good bargain shopper in other ways, so I'll justify it that way. My husband, who is only horsey through me said, "That's it! I thought a good horse would be like $10,000" Bless his heart, right?
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post #27 of 38 Old 04-18-2013, 02:47 AM
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I think the $3700 seems a little expensive but it's all relative isn't it? I bought my NSH for just less than that 5 years ago and he was a well trained and seasoned horse of 10 years. He did WP, EP, saddleseat, driving, arab classes etc... I himmed and hawwed for two painful weeks not over the price but mostly over buying the first horse I went to see and over his size of 14h3. I thought he should have been taller. He has been the best horse ever. I wouldn't change my decision now as he has learned so many things since I have owned him. He does a little of everything: gymkana, small jumps, we drive a 2 wheeled cart, trail riding and team penning last year. It's always your decision. But, if it feels right...trust your gut.
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post #28 of 38 Old 04-18-2013, 11:34 AM
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This thread has been kind of educational to me. I never buy private party because I'm usually looking for a young horse or broodmare, not started. Because I show and breed, I'm very picky about registration and bloodlines, of course temperament and conformation too. I tend to find the horses I want at people's production sales or a dispersal sale and they go for what the highest bidder offers, unless the reserve isn't met.

I've always felt that a beginner or beginner's father or husband who squeaked at spending $5K or less for a well trained horse, reg'd or not, really didn't think their loved one's life was worth much. To me, $5K or less is a very cheap life insurance policy. Yes, you can buy a horse for $1500 or less, but if he's not been well trained or used in a lesson or trail riding program then you can't be sure he's a Steady Eddy.

This horse, while not dirt cheap, isn't hugely expensive either. He's been well trained, is in comfortable middle age and you've ridden him long enough to know there's no "side" to him. He's also packed around other riders and is used to different riding styles, so he's not going to be inclined to be fussy with your or another beginner. You're comfortable with him and you trust him, that's not to be taken lightly. I've had 2 horses that I trusted implicitly; Lucky that I had all his life and Marq, whom I bought by accident at an auction and I trained him and sold him for a LOT more than $3700 and I'm still kicking myself for selling him. If this horse even comes close to being able to be trusted like I trusted those 2, I'm not kidding when I say priceless.

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post #29 of 38 Old 04-18-2013, 11:43 AM
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I would stick to your price range. The trainer is making a profit on this horse, the question is how much. Offer her $2000 for the horse, she knew that was your budget to begin with, so she should not be offended by the offer. She if she will counter offer. You can always go up, can't go down. Personally, I think the price is high.
Good Luck

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post #30 of 38 Old 04-18-2013, 12:22 PM
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I do think she's taking advantage of your fondness for this horse and looking to cash in. If you love him, try to negotiate.

Our mare should have sold for around $4000-$4500. The previous owner, however, had gotten to know us and knew my DD (who just had to euthanize a horse she loved) had a limited budget. He agreed to sell the horse to our BO, if she would lease the horse to Kitten and, when we were ready, sell Acey to us at the same price. Our BO agreed, with the condition that we keep Acey at her barn for at least 6 months post-purchase. We agreed to all the terms and conditions and it was a win-win for everyone involved.

The former owner knew Acey was going to a good home where she would be loved and cared for.

The BO got lease money on the horse, recouped her sale price, and guaranteed board money for an additional 6 months.

We got a horse we adore who is everything my daughter needs and wants.

Don't be afraid to negotiate. You never know what she might be willing to do if you don't ask.
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