How do you work out a price for a horse from someone that you know?
   

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How do you work out a price for a horse from someone that you know?

This is a discussion on How do you work out a price for a horse from someone that you know? within the Horse Talk forums, part of the Keeping and Caring for Horses category

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        02-24-2012, 05:10 AM
      #1
    Weanling
    How do you work out a price for a horse from someone that you know?

    I have been looking for a horse for over a year and the last horse I had on trial (way too green for me and threw me twice) belonged to a guy I know from work. He grazes his horses near where I live and there are two nice girls who also graze there. I have gotten to know one of the girls as she was the only person who had ridden the horse I had on trial and from the start was worried he was too much horse for me.

    Anyway the trial horse went back and I have been down to visit them recently and she let me ride her horse as I have lost a lot of confidence and her horse is fantastically calm and a great confidence builder. Had a great ride on him and she said I was welcome to come down and ride him anytime.

    She has just called me and said that after a lot of thought she wondered if I would like to buy her horse as she brought him as a confidence builder herself and now feels ready to move on from him.
    He is a coloured cross bred, 15.3 hh and approx 16 years old. He is not exactly a looker but is very safe and great for a nervous rider like me.

    The only thing that makes me feel uncomfortable is working out a price! She said that if I am not interested then she will keep him on and give him a forever home as he has been passed from person to person throughout his life, brought as a confidence builder and then sold on. She would also want first option of buying him back if I ever decided to sell which is fine.
    I just feel really awkward making an offer, she wants to sell him with all gear included but since I am a first time buyer I'm really not sure how much I should offer?

    She asked what would I feel happy with offering, she could definitely get more advertising online but she doesnt want to do that as she likes the fact that he would just be up the road and with someone she knows.
    From what I've seen on the internet a great been there/done that bombproof type can go for anywhere from $3-4000 upwards.
    I don't really want to spend more than $2-2500 but don't want to offend her. Any ideas or similar situations that others may have been in?
    I am going down to see him tomorrow so I can have another ride and spend a bit of time with him.
         
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        02-24-2012, 05:13 AM
      #2
    Green Broke
    Have you got any one you can take with you, trainer etc? Or ask her how much she is looking for him, and then him with the tack.

    Another important thing to think about is a contract- even if you're friends, get a contract written up ;)

    Its great you've found a confidence builder, but don't let her raise the price too much, she may try- you never know!

    Also, I'd still think about getting a PPE done.. make sure the horse is healthy ;)
         
        02-24-2012, 05:27 AM
      #3
    Weanling
    Thanks Duffy

    The only figure that was mentioned was $5000, which was when she said she thought she would be able to get that for him if she advertised him but I definitely don't think she is expecting that from me. We kind of ummed and ahhed, I said I didnt know how much to offer and she said she didnt really know how much to ask then we moved on to less awkward things!
    I did say that I was looking at around $2500 at the most but she didnt say whether that was too little or anything. I don't have a trainer but could take my neighbour with me who has much more experience and has come along to view a few horses with me.
    I think as it is more that he would be getting a good home nearby and she wasnt planning on selling him that she isnt sure how much to ask.
    She has had him fully vetted but I'm not sure when that was, it may have been when she brought him which was almost 2 years ago.
         
        02-24-2012, 05:29 AM
      #4
    Green Broke
    I'd still get it done.. your friend understands that you want this to go right, and I would get my dad's horse vetted if I was going to buy it off him ;)

    Also, if she is looking for higher than what you have, could you work out an installment plan?? That's the bonus of knowing the seller haha!
         
        02-24-2012, 07:22 AM
      #5
    Yearling
    Very similar situation w/ my first horse. His owner let me lease for free until I was ready to move on. That way I was able to get a horse that was safe w/o breaking the bank, he was being well taken care of and used, she could check on him whenever she wanted. And the benefit to her was not having to pay for his upkeep, and being able to get him back w/o having to actually purchase him.

    And everything was in writing! LOL
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        02-25-2012, 12:44 AM
      #6
    Weanling
    Had another ride on him today and he was great, even with his bit on backwards which I didnt notice till I got off - poor guy and stupid me!
    I even hopped on him bareback in a halter which I didnt think I would ever be doing again.
    I broached the subject of a lease but she wasnt that keen, she said she would prefer I brought him.
    I would definitely get a vet check done. He has patches of hair missing on his face where his previous owner did not put sunscreen on him so he has had some pretty bad sunburn in the past which seems to have stopped the hair from growing back. He has blue eyes and one eye is completely surrounded by white hair, he doesnt seem to be able to open this eye as much - possibly due to the bright sun?
    We didnt really discuss price again, I think I will say that my budget is $2000 at this stage and if its not enough then that's fine. I can't really offer more than that right now with a mortgage to pay and renovations to fund.
         
        02-25-2012, 05:52 AM
      #7
    Green Broke
    I don't get the "confidence builder" that suddenly isnt able to do the job and gets passed on. Sounds like he is lame and can't handle be ridden or worked hard.
    Buy from a friend the same way you buy from anyone else. Do your home work figure out what its worth and make the offer. She can always say no. SOunds like you have don't that. She says 5 you say the most you can do is 2500, leave it at that.
    Oh and the Neighbor helping. Tell me that isnt the same one that helped you get the green horse. If so I'd find a new helper.

    Honestly sounds like she is trying to pawn off a horse with somekinda medical problem on you, FInd out why it wont do what she needs it to do.
         
        02-25-2012, 07:23 AM
      #8
    Foal
    Many confidence builders are bought and sold, because there just that, a confidence builder. A lot of people buy older horses to do the simple things on like walk/trot, then once they have gained there confidence and foundation of riding experience on said horse, he/she is sold off so the owner can follow the discipline they've chosen. I've done it myself, I owned an 18yr.old Qh gelding who was dead headed and lazy. But he boosted my confidence, and I moved on to something that had more get up and go. Most confidence builders are older, been there done that horses, who just put you on the path you want to go on. You can't expect a horse who just mozzys on along the field barely trotting to be your next hunter/jumper or barrel racer. People advance, its not that uncommon at all.

    I would be leery of the hair falling off, and the eye not fully opening?? Certainly get a vet to examine him, also, not sure where your from, but.. if he's a grade horse (cross bred??), 16 years old, and just a good ole confidence builder, im not sure why she's expected such high dollar for him? If he is trained for something IE: western pleasure, reining etc, then I do agree with Joe4d why did she out grow him instead of saying she wants to ride a different discipline? I could understand if he has no real formal training for anything and she wants something that is, but then that horse would just be every other backyard type horse going for $500. I understand she's your friend, but don't let her haggle you into a steep price that this horse really isn't worth. Just my 2 cents ;).
         
        02-25-2012, 07:26 AM
      #9
    Weanling
    For that age even with tack included I think 5,000 is an extreme amount of money. In this market you can find something very similar with looking (dead broke etc) for anywhere from 500 (for older horses) to 1500 all day long. Not sure what part of the country you are in maybe that is driving the prices. Example :
    Appaloosa Mare-Dead Broke
         
        02-25-2012, 08:22 AM
      #10
    Foal
    Quote:
    Originally Posted by GhostwindAppaloosa    
    for that age even with tack included I think 5,000 is an extreme amount of money. In this market you can find something very similar with looking (dead broke etc) for anywhere from 500 (for older horses) to 1500 all day long. Not sure what part of the country you are in maybe that is driving the prices. Example :
    Appaloosa Mare-Dead Broke
    appears like the OP is from New Zealand..

    OP.. I don't know the horse market there at all, so I can't make a guess. I do know that I have friends in Australia, and that horses there sell for a bit more than they do here (comparatively.. Obviously high level horses sell well all over.. but for just your basic well broke gelding that can W/T/C).
         

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