Join Date: Aug 2009
Location: New South Wales, Australia
If you've got your heart set on getting this horse then get her, a few hundred dollars isn't much in the long run, at least not in the horse world.
But if you just like her because you think she'll turn a profit, I'd wait for something cheaper to come along, if that is what the prices are like in your area.
Besides, as mentioned by other posters, such a small horse will be harder to sell. It would be mainly for a child market I'd imagine, and by the time you sell her she'll still be pretty young for a child rider, and not quite a bargain.