Determining the value of a horse - The Horse Forum
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post #1 of 25 Old 10-19-2015, 11:44 AM Thread Starter
rc1
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Determining the value of a horse

Hello the forum!
New here and new to horses but now moderately obsessed. I dont have a lot of people to ask about horse related things so i figured i would join and reach out. Any help or advice would be much appreciated.

he is an 8 year old off track TB Gelding 17 hands. I have been told several different values from a few different people, all in the same general range but varying.

My question is 2 parts:

1. How would i start going about having the horse evaluated/appraised to have an idea of what his actual value is given there is no blue book for horses?

2. What sort of things do people look for in a horse thats worth the investment in training up for competition?

Thanks!
-rc
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post #2 of 25 Old 10-19-2015, 04:47 PM
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How is his conformation? How much training has he had? Has he competed? What were his scores? What does he know or what is he trained in? How is his temperament? Is he spooky? Hot? What does he excel in? How are his ground manners? How is he with vet, farrier, clipping, water, etc.? Can a beginner ride him or does he need a more advanced rider? How are his feet? Does he have to be kept shod? Easy keeper? These are just some of the questions I would have before determining a price range. Do you have pics? Is this your horse or one you are looking to sell?
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post #3 of 25 Old 10-19-2015, 08:39 PM
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A horse is worth whatever someone is willing to pay. ;)
And some are worth their weight in gold. ;D
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post #4 of 25 Old 10-19-2015, 08:48 PM
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I second everything that Tihannah said. The answers to every question on there will affect the horse's price, either positively or negatively.

Where I would start is by browsing horse for sale sites in your area. Look at horses that are similar in training/temperament/experience/style as him and track their prices. It won't give you an EXACT number to price him, but it will give you a ballpark.

As for the question about what people look for in a project. I look at conformation first. A horse won't go far if he doesn't have the conformation to stay sound.

Second I look at temperament. I won't own a horse that is bad tempered or silly.

Third, I look at their potential. If they have the right moves and the right build, combined with good confo and a trainable temperament, then that's a good project.
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post #5 of 25 Old 10-20-2015, 03:09 AM
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It sounds like a cop out but horses really are only worth what someone will pay. It will differ depending on the horse, your location, the season and the market.

As a rule though, OTTBs are about as cheap as they come.

Look online and compare advertisements.

As far as what to look for, soundness as a priority especially with OTTBs. Good temperament, good feet. They're pretty common so if you're looking for one to resell you want a nice looking one. An excellent, solid temperament.
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post #6 of 25 Old 10-20-2015, 04:00 AM
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A lot of people will pay more (potentially double) for a horse that is registered with one of the major breed registries.
There aren't breed shows for registered Thoroughbreds as far as I'm aware, so that probably doesn't make a difference in your case.

Health and soundness are a huge factor. A horse can be amazing in every aspect, but if he's not sound, most people aren't at all interested. Safe for anyone to ride increases value dramatically, but at the same time, most people want something between 6 and 12 yrs. The same people who want a beginner child safe horse, seem to think that the horse also should be young. If I were looking for a horse that I could feel good about throwing my very novice kid on, I'd look for something older and preferable on its way to crippled, so it couldn't move anywhere very fast
The most valuable horses, are those with highly sought after breeding, good conformation, the training and talent to perform competitively at the top level, but easy and sane enough for a non-pro to win on. Depending on the sport a horse like that is worth at least $30k and on up.

The easiest horses to sell are sound, safe, gentle, registered geldings, between 5-10yrs old, who have enough solid training to be competitive at mid-level competition. Generally those types are within the $8k-$12k range. If we get any like that in to sell here, they're scooped up pretty quick!
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post #7 of 25 Old 10-20-2015, 04:27 AM
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It can help to look at horses of the same gender, breed, age and training on www.dreamhorse.com. If you use an advanced search, you can see what people are asking for similar horses in your area or state, if you are in the U.S.
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post #8 of 25 Old 10-20-2015, 04:27 AM
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Quote:
Originally Posted by rc1 View Post

2. What sort of things do people look for in a horse thats worth the investment in training up for competition?

What exactly do you mean? What type of competition? What level?
Are you referring to an actual financial investment, with the intent to make money? Or just a horse for your enjoyment?

Horse's are almost never an investment, financially speaking, unless the person buying finds a good deal AND has the ability to train well enough to improve a horse quite a bit in a short amount of time. Otherwise, you're going to put more money into a horse than you'll ever get back from selling it.

We're in the business of trading horses and do quite well at it. My boss is a great trainer, but even he always says that 'you make all your money on a horse, the day you buy it.' Meaning, the only way to make money buying and selling, is to find good deals. If we don't think we could turn around and sell a horse the next day, for more than what we bought it for, then we walk away.
We can obviously increase that profit margin by putting some training on the horse and making it better, but 90 days is about the max we want to have to keep them, before the cost to care for them eats into the profit too much.

If you are wanting to invest in a horse to be trained for competition, realize that you will spend far more on care and training than you'll likely ever get back selling the horse. Only a very teeny tiny number of performance horses win enough to be able to be sold for an actual profit. And those types of horses generally come with a pretty big sticker price to begin with.
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post #9 of 25 Old 10-20-2015, 05:49 AM
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Quote:
Originally Posted by gottatrot View Post
It can help to look at horses of the same gender, breed, age and training on www.dreamhorse.com. If you use an advanced search, you can see what people are asking for similar horses in your area or state, if you are in the U.S.
Yes, but remember that a lot of these horses on dreamhorse & equine.com are not actually selling for the prices listed. We've had numerous horses at our barn listed on these sites for say $25,000 but the actual selling prices end up being closer to $3-5 thousand.

Since we are talking about living, breathing animals with their own distinct personalities and potential health issues, I agree with the other posters who said, a horse is worth what someone will pay for it. Value is in the eye of the seller and buyer and is very subjective.

If you want a thoroughbred, check out New Vocations adoption. They are a top end, very experienced adoption organization and will make every effort to match the right horse with the right owner and they have many that have never been near a racetrack.
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post #10 of 25 Old 10-21-2015, 04:28 AM
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True about the prices on Dreamhorse being inflated sometimes. However, you can also have your search show horses that have already been sold, which helps. And even if some horses are overpriced, in general most OTTBs with no retraining will be in a certain price range, etc.
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