My question is what other people do regarding the buyer's payment (down payment or full payment) and who is responsible for injuries, vet care, etc., after the sale but before they're delivered. Thanks for any advice you can give!
That is really up to what you determine a Conditions of Sale.
I have always made the Buyer responsible for ALL CARE as soon as the Purchase Agreement is made.
This is a Great way to see how they will care for the Horse once it is completely in their care.
I most always require 50% down payment once they have had their Vet Check the Horse.
I INSIST they have THEIR Vet check it to avoid problems for me later.
Some have asked to use my Vet but I ask them to find their own Vet,
preferably the one who will be its Vet when they get it home (unless the distance is great).
I also put very firm
terms into my Purchase Agreements about
Non Refundable Deposits & reasons why the sale may be revolked by both parties.
I dont want to force a sale OR have the horse go to someone who will not
provide for it.
I have revolked 2 sales because they would not pay for the care (Feed, Vet, Farrier, etc.)
while the horse was still under my care but before the deal was completed.
These were on weaned horses so I am not sure what I would do on colts still on their mothers.
May I ask why you are wanting to place them for sale so soon? It is very risky to contract on such a young horse, so many things could happen between now & when they can leave their mothers. They arent even 2 months old yet. The Only time I have purchased a unweaned colt is when I have bought the mother also or when I contracted a mare for a foal.
Honestly, they will be worth more & you could get bettter offers once you have raised them longer, unless their mothers or fathers are Champs.