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

bikerchickone said:
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?
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Agreed
 
patterdale said:
Curragh - if they won't take the (generous) 850 then walk away and find something else.

In fact, I would probably do that anyway :) box walking and windsucking are two vices i just don't bother with.

It's not rude at all IMO - you are not a charity and it's not for you to part with more cash than the animals worth just so as to not hurt their feelings.

If you ask then the worst they can say is no, which they have done. So I would take my money elsewhere.

Selling horses may well be sentimental for the seller, but it shouldn't be for you. If more people saw their horses in a more businesslike way I think there'd be less misery and debt around in the horseworld :)

Well done you for offering a sensible price.
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Well said Patterdale.

I would walk away, IMO you have made a very fair offer, it's up to them now if they take it.

As for people thinking that it is rude/timewasting for you to offer £850, i disagree.
You spent your time & diesel money on going to view a horse that was a) older then advertised & b) has issues/vices not disclosed on the advert on over the phone. I hate that when it happens to me, frequently i add despite intensive quizzing of sellers over the phone! I consider these type of sellers to be the real time-wasters.

Good luck, let us know what happens.
 
Your offer is about right, but obviously has shocked them. If you really feel strongly that you can turn him round how about upping the offer to £1,000 (only 150 more but sounds better!) and ask them to throw in his rugs or tack. If they turn this down, just say that you will leave the offer on the table if they want to think about it.
 
curragh said:
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 :(
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I think your offer is right, i would only offer £500-£800, i dont think they are being realistic x
 
It doesnt matter what they bought him for as they obviously paid too much in the first place and then havent done anything. Just because they decide how much he is worth doesnt mean he is worth that.

My friend bought a horse from a woman who wanted £5,000 for it and she said he wasnt worth that but offered her £3,500. She snapped her hand off.
 
Honey08 said:
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!
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Sorry, but I think the same. Whether you think the owner is asking too much is not the point. They want what they want! If you want the horse, you have to pay what they're asking or at least something a lot closer to it, simple.
 
I guess it depends on what part of the country you are in, as I think there are big regional variations on what people are willing to pay for horses. Some shockingly awful horses have been bought for more than that around me. There's a 14 yr old ex racer who wont hack nor seems capable of being able to work in the school in any sort of outline which was bought for 2k by someone on my yard. It also goes nuts if it becomes excited, so even small shows are a no go.

So, with that in mind, a nice moving 9 year old, who does hack and who has hunted, seems far more desirable.
 
Sorry quick reply. If youve worked in racing for ten years surely you have contacts. I haevnt paid a penny for the last 5 I have had. Granted two have had major temperament issues but the other three good as gold and forever homes were NOT promised!. All sold bar the last one. lol
 
curragh said:
So I'm wondering how far out my offer was? Or, is the owners opinion of his value incorrect?
I really am gutted...
:(
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It doesn't matter who's valuation is right really does it. You didn't offer enough to seal the deal & you walked away. They turned down your initial offer & you could have upped the offer to around £1000 if you'd wanted to. That way they'd have not lost any cash & would have probably accepted the offer. There's no point in being 'really gutted' now, you had the opportunity to up your offer, if you really wanted the horse, but you didn't did you? Get over it & move on.
 
There is a reason people put a price on their horse rather than pay what you want! They want that price for the horse, maybe not just due to the horses current worth but maybe for potential and to give back some of the costs of keeping it. They turned down your offer is it wasnt what they wanted. Simple as. For example I advertised my mare (that I ended up keeping) for 10k. Someone then rung me and offered me 5k (I pretty much laughed at them). Previously someone offered me 20k at a show, I turned it down as was doing well at the time. Horses are only worth what someone wants to pay for them but when that doesn't match what the current owner wants, no is normally the answer!
 
I agree depends how much you want him ... does seem a lot considering all his vices ... my ex racer was nearly half what you offered! Keep looking! :D
 
marmalade76 said:
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.
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^ that ^
 
Pricing is a weird thing isn't it! There are loads of ex racers for under a grand I'm sure you will find one! With all those vices I would think your offer is quite generous, but I would be wary of offering nearly half an asking price, but it's not your fault they put it up so high!

I guess all you can do is make your offer, accept that they have declined it but make it clear they can contact you if they change their minds, and maybe even call them a while later to see if he has sold, I don't think I'd be fighting you for him ;-)
 
You can buy an ex racehorse for £300 to £400. There are so many that some cant even be given away . The price the owners paid a year ago is irrelevant. I think your offer was very generous TBH.
 
The vendors have every right to ask what they like for him, be it above, below or at market value. They do not have to accept any offer that they don't want to, be it above, below or at the price they first asked.

You don't have to offer any more than you want to for a horse.

End of.
 
A horse is only worth what someone will pay for it! Fine to over price but don't expect many viewings!

Considering what he's done, the vices etc - I don't think he's worth more than £1k. They're obviously wanting to make a mark up on what they paid. But its their perogative to turn you down if they don't want to accept your offer. If he's advertised for £1500 though and you've went to view him (and knew about the issues) then i think £850 is a bit low. But - why have they told you they only paid £1k for him? Seems a very odd thing for a seller to do especially when they've not progressed him any and then expect to make money on him?! Noubt as queer as folk i guess! Maybe they'll reconsider if they don't have anymore interest.
 
Just re-read. If they hadn't disclosed the issues and had lied about his age then even if i wanted him i wouldn't make an offer. If they've lied about that what else have they not said? One of my bugbears!
 
no that was a good price, was low for what they where asking.
but in northern ireland you can get something like that for 200-600 euro in sales and online, they are worth more in this market. but in england its usually double the price than ireland and prob 800-1200 there.

but that is too much for that horse.
best of luck but owners are looking too much as the country is full of horses still.
 
Thanks for all the replies! It has been an interesting thread imo.

I have spoke to the owner, they are no longer selling, completely changed their minds...oh well the search continues and it obviously wasn't ment to be!
 
Bought my ex racer at the boom of the horse market for £1800 with all rugs, tack and brand new winter saddle, he was a bag of bones and a real state.

just sold him for £950 including loads of rugs and bridle straight from the field.

From what I have read your offer was pretty much on mark for the market.
 
Miss L Toe said:
Box Walking is almost impossible to stop, unless you tie him up.
Most people would just walk away, so he has to be a fantastic performer to get a bid.
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Box walking is actually really easy to stop. You just turn the horse out 24/7 :)

Of course some will fence walk instead but not too many if they have company. Same I think with a lot of 'stable' vices. Some horses with deep seated problems will continue with vices when they live out but some will never display the vice when living out.
 
Cant say without seeing the horse! If he was sound, good tempered, good confo, good movement ect then yes I would have turned down your offer. A good horse is a good horse at the end of the day and why you couldnt have offered at least 1k which is what you know they paid for him is a bit beyond me?! Unless he wasn't that nice in which case you are justified.
 
I am a fan of keeping horses out as much as possible too, but every now and again they may have to come in. I won't touch a boxwalker either.

As far as the offer I feel you were generous. And what's with this feeling of, they paid 1k for him so your offer was insulting. I sell a horse occasionally and as of yet have never been insulted. Probably because I don't make up silly figures on what I need to get. I mean it's almost as good as the guy that bought a horse off of me and 3 months later decided he didn't want him anymore as he wasn't pursuing intended use for him. So he made me a deal. He wanted me to pay the purchase price and the expenses he had into the horse. After I got done spraying diet coke out of my nose, I asked him to go purchase a new car off the lot. In 3 months take it back to the dealer and ask for the exact price and expenses. I took horse for him to sell at his expense.

At any rate the horse is a boxwalker and cribber. It really doesn't matter what his original price was. He's not worth what they paid for him originally. That is the reality. Doesn't make it right but no point in getting all uppity with the " well you insulted them".

Best way to increase a horse's value, own it yourself. I've ways loved that saying.

Terri
 
curragh said:
Thanks for all the replies! It has been an interesting thread imo.

I have spoke to the owner, they are no longer selling, completely changed their minds...oh well the search continues and it obviously wasn't ment to be!
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When you do find the right horse, you'll be so glad you didn't get the box-walking crib-biter!
 
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