Selling a horse.. first time selling!

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Chickensoup7

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Hello all!
Looking for some advice as a first time seller.
I am selling my horse. This is the first time I’ve done this and it is after careful consideration.
I have a viewing organised and I want to be prepared for when they come.. assuming they like the horse enough to buy her!
My question is how do you go about getting paid? Is cash most common? Or bank transfer? Other payment apps?
Please share you’re experiences and thoughts 🙏🏻
The viewer is flying in to see the horse so I would assume cash isn’t an option.
 
I've used bank transfer in the past. Depending on their bank, they might need to call them before making a 5 figure transaction so that it doesn't get blocked otherwise bank transfer should mean that it is immediately in your account so that you can be confident you have the payment before letting the horse leave.

Depending where they're flying from and if their bank accounts are foreign then it might change what the easiest way to pay is.

Hope the viewing goes well.
 
I have always done bank transfer which is done before collection. Cash would be a right pain- to take out that amount you could not use a cash point and the bank would probably think it strange if you took out 10,000 cash, plus many will put at least some of the balance on a credit card
 
Hoping all goes well and they do want the horse, make sure you write a 'receipt' out that states your name and address, their name and address, date the purchase was finaliased and for how much and if a vetting was or was not done. There is probably something else that should be added but my brain isnt working today! Im sure someone else can add to it for me 😂
 
Would you need a 'no returns' agreement unless the horse is clearly not what you advertised it as? Just thinking someone who is prone to changing their mind, it may focus them to be absolutely sure that they want to go ahead.
 
Hmm. I'm suspicious. The potential buyer is flying in? Don't assume anything, keep an open mind. But scams happen so be aware.

The horse cannot leave your property until fully paid for.

I hope this is a genuine buyer and he/she loves the horse and everything goes well.
 
I’ve only sold one, and we did 10% deposit before vetting, then the remainder on collection via cleared bank transfer before they left (they came to collect themselves)

If they’d used a transporter it would have been cleared transfer before he got on the lorry.
 
I haven't bought a horse for ages, but a few weeks ago we bought a secondhand car from just up the road. Lovely people and we are happy with the car. We tried (husband tried - I can't do it) to pay by phone, it wasn't working, so we went home and tried on the computer (husband did - I can't do it); that didn't work, and in the end we had to nip down to the shopping centre, to two different banks to get cash out on 3 different cards (due to limits we have on those cards) and by the skin of our teeth we got out the needed money. We then flew back to the sellers who had interested parties wanting to buy the car, and we went inside, spread all the money on the table, counted it carefully, blah blah blah, and it was a big relief.
 
I sold mine last month, they paid by bank transfer the day before to ensure it had cleared by the time they collected him the next morning.

I would definitely recommend they pay a deposit too, 10%, and he is still technically on the market until that deposit is paid! I assume if 5 figure they will want a vetting plus X-rays potentially too. Mine was cheaper so they didn’t bother vetting.

Honestly selling is a total pain as you get a lot of timewasters! Things I’ve learned to check is - do they have a stable for him (yes I had one who wanted mine but hadn’t checked with their livery yard if they had space for him?) are they experienced enough for him, is the new home suitable in terms of turnout etc? Do they have access to help if they need it like a trainer etc..you will get people wanting to try that are not in a position to actually buy now too!
 
Beware of Scams . Speak to the bank about the best way to take payment. Ensure money is in your account and payment can’t be pulled back by their bank or canceled.
 
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