Price - How cheeky are you

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Scottish_Miss

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Sorry - but in the process of horse hunting I find a vast majority of horses are overpriced - I have asked a couple of people if they are will ing to come a bit with the price as based in Scotland Fife and dont want to travel 3/4 hours to view something that they then insist its still worth more that £1k what I think its worth - usually cause its done nothing.

However maybe I am unrealistic !!! How do you tackle the subject of money when you like something but think its overpriced????

Let me know - or if you have sold how much did you drop the price - most people will haggle a bit.....

In the cuurent credit crunch are people being OTT with thier asking prces or does thias mean its a good time to buy as not so many people buying luxurys in life - horses!!!
 
I think usually 10% of original price is acceptable
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I've just started looking for a sensible, aged happy hack type for a friends 11 year old daughter. I find it unbelievable that people are asking 2-3K for something that is basically a four legged electric wheel chair! I think people are advertising horses but not many are selling at the mo, this won't change until people start to be more relistic about pricing them.
 
Surely if you think its worth a grand less than it's being advertised for you wouldn't waste your time going to see it though??

I thought I was reasonable in expecting to get around £500 off any horse that I went to see - but I only looked at ones I was prepared to pay the actual advertised price of.
 
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Surely if you think its worth a grand less than it's being advertised for you wouldn't waste your time going to see it though??

I thought I was reasonable in expecting to get around £500 off any horse that I went to see - but I only looked at ones I was prepared to pay the actual advertised price of.

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Ditto , just couldnt word it properly
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I find it unbelievable that people are asking 2-3K for something that is basically a four legged electric wheel chair!

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What price your child's safety??? I'd pay double that quite frankly if it was going to look after a novice 11 year old....

That is the horse that is worth it's weight in gold!
 
I have a price range and quite prepared to pay if the horse has the good movement or potential etc - but object to then paying over the odds for something that so obviously hasn't!!!!
 
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but object to then paying over the odds for something that so obviously hasn't!!!!

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So you walk away. If it's over priced, no one will buy it - and you'll get it for the right price eventually
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I have a price range and quite prepared to pay if the horse has the good movement or potential etc - but object to then paying over the odds for something that so obviously hasn't!!!!

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In which case it is not the wrong price, as it is not the horse you want, no matter what the owners want for it!
 
I have absolutely no experience of buying horses, BUT (and it's a big BUTT), I have a lot of experience buying classic motorcycles, and there IS a parallel.

Every owner thinks their horse / bike is superb, and the best of it's type on the market. Some even believe the price they are asking is fair. What they don't take into account is that it's a buyers market, and it does not matter a tinkers cuss what they think the horse / bike is worth, it is worth exactly what someone is prepared to pay for it.

Yes, there are times when as a buyer you pay a little more than you think is right as you can see the potential. But if the owner is trying to sell for £2.5k and you think £1.5k is tops, then stick to your guns or walk away. Neither of you are trying it on, there is just a differnece of opinions, and the market will usually win (there are a few mugs).

I have haggled like mad and I have paid the asking price, but I have only ever handed over the hard earned when I got the deal I though was fair.
 
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I have absolutely no experience of buying horses, BUT (and it's a big BUTT), I have a lot of experience buying classic motorcycles, and there IS a parallel.

Every owner thinks their horse / bike is superb, and the best of it's type on the market. Some even believe the price they are asking is fair. What they don't take into account is that it's a buyers market, and it does not matter a tinkers cuss what they think the horse / bike is worth, it is worth exactly what someone is prepared to pay for it.

Yes, there are times when as a buyer you pay a little more than you think is right as you can see the potential. But if the owner is trying to sell for £2.5k and you think £1.5k is tops, then stick to your guns or walk away. Neither of you are trying it on, there is just a differnece of opinions, and the market will usually win (there are a few mugs).

I have haggled like mad and I have paid the asking price, but I have only ever handed over the hard earned when I got the deal I though was fair.

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Totally agree with this.
 
i would never offer less than 90% of the offered price as i think it just rude

if just from the ad i think the horse is overpriced i wouldn't go look

if i got to see a horse & it were drastically overpriced the chances are i wouldn't want it anyway as i would be looking for a horse of £x calibre & it thus wouldn't be of that calibre, i also would not look at a horse that i couldn't afford to buy so then would have to try to get it cheaper , which i think alot of people do

i was recently offered 20% less than asking price for a horse by the first viewer who said thats all the horse was worth ,i polietly declined, second viewer came & booked a second viewing , in between that a third viewer also looked & asked to book a second viewing with instructor , 2nd viewer bought the horse , now you can't tell me that a horse that all 3 viewers are prepared to buy is not worth the money!

i think some people just try it on!
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Mum - daughter share
4-11 year old 14.2-15.2
around 2.5-3K
dont mind if green as I can work away but reasonable paces to do riding club dressage and XC. Not a huge pop but 3'
Sane enough to let daughter ride supervised at all times - capable rider just needs the consistency more than 1 lesson per week...
 
I think you don't ask you don't get! knocked off over £600 from the last horse I bought and offered £1800 for a horse the vendor wanted £2500 for. it was 2 years old, coloured but not been out of its field and although nice it wasn't worth £2500 at the time. The vendor declined my offer - fair enough and I saw the horse advertised a few months later as a then 3 year old (still had done nothing more than had it's feet trimmed and had a headcollar on) and they wanted £3250! Personally I think they thought they'd get the money because it was coloured although they had know proof of breeding other than they 'thought' the stallion was so and so. If that was the case why wasn't the animal sold to then (at the sale they bought it from) with papers stating that THEN they may have been valid asking the price they wanted for it.

I think vendors can try it on as much as a buyer can - by being 'cheeky' offering price. I have seen many non-descript coloureds advertised for extremely high prices just because it is coloured and that is / was fashionable. There was a time (when i had my coloured) that nobody wanted them!

Stick to your guns and pay what you think is reasonable for what an animal has done in my opinion or walk away.
 
I'm considered cheeky. I know what I have to spend, and if I see a horse that I fancy, I call up and say straight away that the horse is over my budget, and that I am not a timewaster, and do they want to still discuss the horse with me? (obviously I say it politely)

I've yet to have anyone say no, and have bought a few like this. I have to say, most sellers seem to appreciate the honesty, and as I'm a sensible sort that can take on quite sharp or problem horses, sometimes I guess not a lot of interest has been shown elsewhere.
 
well here's the thing, if you can;t find what you want for the money you want to pay then you're going to have to pay more for it. if the ones you like won;t drop the price then there has to come a time where you think that perhaps you are a little off the mark.
 
I have offered less for horses before, but only with extremely good reason. If I think the horse is worth the advertised price I feel incredibly rude haggling!
 
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if i got to see a horse & it were drastically overpriced the chances are i wouldn't want it anyway as i would be looking for a horse of £x calibre & it thus wouldn't be of that calibre,

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You've just summed up what's wrong with the market. People seem to think that a horse has to be worth so much ££ to be any decent.
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I am sorry, but I think that is total crap. I can't help laugh at people who go "I won't look at anything under £4k". That's fine with me- Saves the best valued horses for us.
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It all starts at the top of the market- with a truly exceptional horse. They sell for so much £££. Another person, seeing that horse being sold for so much goes "Well, my horse is quite similar, I think I should be able to get that for him..". Then next person along does the same and so on. You are then left where horses at the bottom end of the market- really downhill built, awful legs and looks quite at home on the fuggly horse blog- are being advertised for £2-3K, when they are actually more worth £500. After all, they are horses with four legs- Let's label them "potential riding club/sport horse" and hike up the price....

And you just know that someone, with more money than sense, will go and buy it- Because, stupidly, they think that they have to buy a [****] horse at that price, as no one sells with any value anymore. Well they do, but they are not on the market long. Whilst your beloved Freddy- who has "popped a couple of riding club 2 foot courses" is sitting on the market with the £10,000 price........because, wait for it........He has "potential".
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I think a lot of people get a bit carried away, my horse is for sale for just over £3k and before I put him on at that price, I asked here to see if people thought he was worth that.
Sadly though, you need to sell your horse for a decent price if you are going to be able to buy your next horse - so its swings and roundabouts!
 
i won't waste my time or the sellers going to look at things out of my price range... but, if, having tried the horse, i think it's worth less than they think (and i have a good reason) then i will offer less. i'd expect to get a bit knocked off, most people slightly bump the price up and expect to drop a little.
last year i went and saw a £10k horse and offered £7k because it had a lot of problems. we agreed on £8k, but it failed the vet.
i sold a horse for £3.5k and wouldn't budge at all... she was really worth all of that, if not more. the buyers weren't happy that i wouldn't budge, but i gave them an open-ended trial (which should be worth something!) and left the choice to them... they bought her.
i totally agree with Miss Huggy Bear about the problem with the "it's a £10k horse" or "it's a £5k horse" idea... madness.
i know someone who sold a very nice £10k ish horse to someone for £20k, and when i was a bit shocked he said it would have a nicer life that way... she wanted to spend that much, she wanted to tell her friends she'd spent that much, she'd treat it better because she'd spent that much. bizarre, huh.
 
ITA.

I am atm 'looking' (browsing) for a second pony for my daughter as a potential LR/FR for the future. What i want is simple, a 2/3yo welsh sec A or Dartmoor. A registered hill pony... and people ask the daftest prices (ie 2k) because apparently at 2yo it's a 'HOYS potential" LOL. How do they know?? It's got no winners in it's breeding, and TBH they went and picked it up from the yearling sales for £100 or less. But they see the studs advertising THEIR youngsters at that price, so their pony must be worth that too.... ludicrous! Sec A ponies are ten a penny, i can go to the local auction and pick up a revel 4yo for 150 guineas... already broken!!



I never ever pay more than £500 for a child's pony. And currently our pony (which cost ALOT less than that) is a true diamond... safe, knowledgeable, it jumps, it hacks, it goes on and off the LR, it does LR classes, and is one of those ponies every mother wants for her kids... and the pony I sold before that was the same. I asked a sensible price and was knocked down a little (I think about 5%) he went to a good home and that was what mattered to me.
 
i know someone who sold a very nice £10k ish horse to someone for £20k, and when i was a bit shocked he said it would have a nicer life that way... she wanted to spend that much, she wanted to tell her friends she'd spent that much, she'd treat it better because she'd spent that much. bizarre, huh.

Very! Just because someone has spent that sort of money on a horse is no garentee (sp?) that it will be well treated etc
 
Its all about demand aint it really. Happy hackers go for 2-3k plus cuz they are so in demand so people will pay it. I paid the full asking price for my new horse but I did get 3 rugs and a bridle thrown in. £4950 for a sane coloured irish sport horse, 7yrs, done a bit of everything, novice ride. Some will probably say I paid too much but she was quite cheap compared to similar ads I found.
 
I personally think you shouldnt even attempt to see ask about any horse whos priced above your limit. If you can afford it then go and see it, if you can bring them down then fine but you might fall in love with it even if it is overpriced. Personally, I usually ask casually if the price is negotiable over the phone initially - at least then you can decide if its worth seeing.

Ive had the odd person try to offer me less (even though I personally dont think any of mine have ever been overpriced), which Ive found offensive as its how theyve said it. You have to be very careful how you phrase it...!
 
I sold all 3 of the horses Ive sold in the last 10 years for the exact price they were advertised at - so I must have been advertising at the right price. No one even tried to bargain with me? I dont know why, maybe Im scary
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I also bought my current horse at the price he was advertised at - and I still think Ive got a total and utter bargain because he is bombproof and jumps like a cat so he's priceless in my eyes because he is exactly what I wanted.
If you can't buy something in your budget, up your budget. If you can't do that then get something that's a bit cheaper.
I agree with NeilM - any posession is worth what the buyer is prepared to spend.
 
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