Offer been refused, market value of horse V's Owner?!

Curragh

Curragh

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Hi All,

Hopefully this will make sense...:)

I viewed an ex racehorse at the weekend, he was 9 years old, box walker, occasional wind sucker, has only hacked, seen hounds a couple of times, nappy. Yea, he sounds cr*p but he moved nicely, smart, kind eyed and a I think a bit bored/misunderstood. Yes I like him and my OH is keen on him too. Now the owners think the world of him, only had him a year but he hasn't actually progressed any further, in regards to education. They wanted £1,500 for him having brought for £1,000 a year ago. I offered £850 as I thought that was what he was worth in today's market, which they turned down.

So I'm wondering how far out my offer was? Or, is the owners opinion of his value incorrect?
I really am gutted...

Really am disliking looking for a new horse :(
 
I'd have turned you down too!

May not have been worth £1500, but to offer nearly half what they are asking and less than what you know they paid is taking the p a bit!
 
mmm wouldn't say you were that far out, but then suppose it depends on where abouts in the country you are as prices do seem to vary from area to area, and what potential he has.... Also depends on how desperate/needy they are to actually sell him.
 
I don't think it matters what they bought him for, he's an ex racehorse who hasn't progressed in the time they've had him. Around my area I regularly see ex racers up for far less than that, often less than your £850 too. I don't think it was an unreasonable offer, but ultimately it's whether you like the horse enough to want to offer more?
 
Was he being offered with tack? It could be that they brought the tack after they purchased him and wanted to recoup the cost.

Without seeing the horse its hard to comment around price however do not feel his value would have decreased however wouldn't have increased either if he still hasn't done much in the time with them. He's still at a good age to bring on.

What was the reason expect selling him after a year of owning him?
 
But to be fair they can ask what they want. Presume you knew his issues before viewing? Tbh I'd expect someone to hint at a lower over the phone before viewing .... Could have saved yourself and them some wasted time?
 
Sorry you'll have to excuse my poor post,on phone and didn't check the predictive text,whoops.

Was suppose to say wouldn't have decreased and what was the reason for selling
 
I think it just depends what an owner is worth to the owners really - it might never sell but they can't be that bothered about selling!

We have a similar TB although he sounds better than that one - I think we'd be happy if we could just find him a nice home!
 
Many years ago I viewed a pony, welshx arab. been used in riding school, and the yo used to put them 'on loan' for £25 week to 2 or 3 differant people, so pony wasnt the best schooled, nose in air running trot etc. wanted £850 offered £600 she said no. :(
3 months later still being advertised so put in my offer again, it was accepted!
there is always hope! :)
 
I didn't know he box walked and he was advertised a year younger and they only told me that when I got there. No tack involved, owner selling due to college and possibly Uni, didn't tell me he napped by whipping around, found that out for myself and then asked owner if that's normal and she said yes, some times.

I thought my offer was reasonable, I'm not buying him to sell on and I'm very experienced with TB's, having worked in racing for 10 years. I'm local and also offered to keep in touch.

Maybe I should of offered more.. I dunno :(
 
i advertised my mare at £1500 and i would have instantly turned down an offer of £850 and considered it a bit rude to offer so little, selling a horse is hard emotionally. I'm not saying your offer was too low in respect of the horse but low in respect to the asking price.
If you like the horse but not willing to pay what the owner wants then just walk away for now, as others have said you might see it for sale cheaper in a few months. :)
 
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I think you offered a fair price. Someone at the yard has picked up a lovely TB off the track - as far as I know he was given away. So they are out there, like another poster said 2 a penny in this financial climate.
 
For a box-walking, wind sucking unschooled ex-race horse in today's market you offer is generous. Leave them your number and ask them to call you if they change their mind. I've done this before and had a phone call to accept within 24 hours.
 
If its meant to be it will happen. In my pony search a couple of months ago I saw 2 different pony's and made a reasonable offer for both. Both were turned down. Since I found my perfect pony, both of the owners have been in contact asking if I wanted the ponies at my original offer price :O) Had to say no as I bought Betty, but give it a week or two...
 
Your offer was probably fair to a bit much then given no tack and not telling you his issues before.

As he was not as described when advertised i would wonder what else they weren't telling you.
 
I think for what the horse is, your offer is about right - but considering what they were expecting, I probably wouldn't have wasted my time offering it, because clearly they wouldn't have accepted such a low offer in comparison to what they THINK the horse is worth (delusional !). But as said, there isn't a shortage of them, so look elsewhere because you will find a similar horse for what you offered...or....wait for them to not be able to sell the horse for their expectation then see if they'll reconsider :D
 
Depends on how much you want him? You could play the waiting game and leave the offer on the table, if you think it's worth the gamble.

I know I paid to much for my mare at the time, but then again you couldn't offer me enough to buy her from me now.

After all, it is just telephone numbers in the grand scheme of things:D

ow about offering £1000 and leaving it at that?
 
Oh i feel your pain, I have a mare on loan- have had her for about 8 months now. The owner bought her for £2500 for her daughter, who gave up a month after they got her, i took the mare on loan 5 weeks after she was bought.

When i got her she was a complete novice- she naps, has a sarcoid on her inside hind and weaves when in the stable has a splint on her foreleg also- and has separation issues.

I have managed to work on the majority of these issues- the napping is fine when i ride she tries and gives up with me now, but not when others ride will refuse to go anywhere.

I have no idea what to offer- i'm thinking 1250- tops. She came with nothing i bought all tack, rugs, got her jags up to date, teeth done etc...

any advice what anyone here would offer?? (Sorry for hijacking)
 
marmalade76 said:
Leave them your number and ask them to call you if they change their mind. I've done this before and had a phone call to accept within 24 hours.
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^^ This - pricing horses to sell can be very subjective, if they are optimistic of other interest then then can hold out for it. If the higher offer doesnt turn up at least they know your interested and what you value the horse at.

Lots of nice TB's out there... :D
 
My friend was selling two tbs off the track. Both were over priced in my opinion. I ended up looking after them for a bit as she had too many horses and they had become VERY underweight! I couldn't bear it! The 10 yr old was a complete staint, super temperament, jumped 3 ft, potentially novice ride, but was lame and they wouldn't pay for treatment it also cribbed and drank lots of water. They originally wanted 1800 for him but I banged on about him bin lame and chiro said had arthritis half way up back too so they said they would take 800 cash!! I sent him back, looking a lot better than when he came.
The other a 6 yr old, bit nervous. They got him for 500. 6 months later and lost condition they wanted 1500 no tack. He nice horse do my friend has bought him after much negotiation for 1400 inc saddle but nothing else! She really pleased with him :-)
 
Paint Me Proud said:
I'm not saying your offer was too low in respect of the horse but low in respect to the asking price.
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I think this is the important point. Your offer is perfectly fair in terms of the horse's actual market value, but unfortunately this isn't the only thing to be taken into consideration. If the owners think he is worth £1500 then they were probably quite taken aback by your offer and I'm not surprised they turned you down. Also, even if they can't sell him at £1500 and decide to lower the price in a month or two, they are unlikely to knock more than £250 off the price, at least to start with. So you need to take into account what they have asked for him, what you think he's worth, and decide whether you're likely to reach a compromise you're both happy with. I really doubt they'd consider under what they paid for him.
 
HashRouge said:
I think this is the important point. Your offer is perfectly fair in terms of the horse's actual market value, but unfortunately this isn't the only thing to be taken into consideration. If the owners think he is worth £1500 then they were probably quite taken aback by your offer and I'm not surprised they turned you down. Also, even if they can't sell him at £1500 and decide to lower the price in a month or two, they are unlikely to knock more than £250 off the price, at least to start with. So you need to take into account what they have asked for him, what you think he's worth, and decide whether you're likely to reach a compromise you're both happy with. I really doubt they'd consider under what they paid for him.
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That makes perfect sense, I have learnt a hard lesson today then...one I shall not forget too.
 
Offer was a fair one for the value of the horse (actually sounds generous), however offering almost half the asking price is pretty rude unless you gave them some warning beforehand
 
xspiralx said:
Offer was a fair one for the value of the horse (actually sounds generous), however offering almost half the asking price is pretty rude unless you gave them some warning beforehand
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Based on what I was told on the phone I would have offered more, but after getting there and being told more negatives about the horse, his value in my mind was not as much.
 
I think your offer was more than fair based on what the horse is like,I think if you go to see a horse and it is nice and exactly as described then offering half is a bit rich to be honest.

However when you go to view and the horse has many faults not mentioned it is acceptable to do this and I have bought horses on these kinds of offers I think it helps to say I like the horse but you did not disclose then list all the things and explain you would like to make a lower offer based on this, sometimes owners are so deluded they just overlook some things and it is when you nicely point it out they look at things a bit more realistically and if you leave your details.sometimes a few viewings with other buyers seeing the same things as you can help change their mind.

It can also take people a little while to realise just because they have paid a certain amount for a horse it does not mean it is worth that or that they will get the same money back.
 
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