What is a reasonable offer on a price?

Depp_by_Chocolate

Depp_by_Chocolate

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My youngster is advertised at £850 or reasonable offers to a good home. I'm sure if the market wasn't the way it was I'd be asking for a bit more as this is what I paid for him as a foal but I do need to sell.

Anyway I had an offer yesterday of £250, I know its a buyers market but is that really a reasonable offer?
 
It really depends how much you want to sell him!.....It is a very cheeky offer (imo), but when you factor in the cost of keeping him over winter etc, and the possibility that you may not get another buyer, it seems less of a loss.....(If you know what I mean!?)

If he doesnt cost you anything to keep (ie no livery, very little feed etc), it might be worth hanging on to him till the Spring....
 
No way! Though the only response I got to my ad (£1200 for a 2.5yo coloured 15/16ths TB filly) was offering me a welsh cob for sale! Was v cross that they bloody well text me - they even quoted that they had seen my filly for sale ad!
 
I think it's all relative to the price eg a reasonable offer to a price of £7500 could be £7000, whereas in your case I'd say maybe £750, assuming he's reasonably priced in the first place!

I agree with Maisy, maybe just hang onto him for a bit.

Good luck :)
 
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As others said, depends on your factors :)

I would have offered £350/£400, simply because of the market and that we're coming into winter :). I'd have been happy with paying up to £600 (all of course dependent on the horse iself and how much I wanted it).
 
Depp_by_Chocolate said:
My youngster is advertised at £850 or reasonable offers to a good home. I'm sure if the market wasn't the way it was I'd be asking for a bit more as this is what I paid for him as a foal but I do need to sell.

Anyway I had an offer yesterday of £250, I know its a buyers market but is that really a reasonable offer?
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I don't know what is reasonable or not anymore. I had always been advised that if making an offer as a buyer look at approximately a 10% reduction; however, the market being as poor as it is means that there seem to be bigger reductions around. I have today sold my mare for one third of the price I paid for her. My circumstances were desperate and I needed to sell her; after 6 months of advertising with complete time wasters coming to see her I couldn't hang on to her.

What age etc is your youngster? How desperate are you to sell? The other thing to bear in mind is that winter is fast approaching, and with how expensive hay etc is I think more people than normal will be looking to offload.
 
I have had silly offers on some ponies which I have tried to sell. I have actually been quite offended at some offers as I think that my prices were reasonable in the first place!
One person who came was so rude that I wanted to kick her out of the field but just kept my cool, was indifferent to her and eventually she got the hint!
I have even given away a pony recently as I knew he had problems so a good home was paramount.
Having found that buyers always offer several hundred under the asking price (only talking about ponies under £900 anyway) I now add a bit to the price.
I take into account how much they will cost to keep over the winter and the hard work involved. Last year was so difficult and I must reduce the numbers. Now down to a manageable handful but have had to accept crazy offers.
 
A friend told me that she is almost having to give away her youngsters, and these are very well bred too. The market just isn't there any more, same as with houses. *sigh*
 
Interesting thread..... I have seen an add for a yearling for £700 and was wondering what would be a reasonable offer - I don't have a heap of spare cash, but do have a good yard and an experienced home to offer. Also you have to factor in the transport, as I don't have my own so this could add a fair amount unless the seller can deliver. I confess I have not even called them yet, just keep looking at the add..... and drooling...... :D
 
I get a bit annoyed when people offer 'silly' money for horses that are 750 ono. ONO means Or Nearest Offer. Not 500 less then asking price.

My question is, why do people look at horses that are way out of there price band.
 
joginthepark said:
I get a bit annoyed when people offer 'silly' money for horses that are 750 ono. ONO means Or Nearest Offer. Not 500 less then asking price.

My question is, why do people look at horses that are way out of there price band.
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Or nearest offer is what they'll sell for - if all the offers are around the three hundred pound mark and one comes in at four hundred, then that's the nearest offer. It's the market, and the winter is coming :). Also, just because someone offers less does not mean they don't have the full asking price in the bank :)
 
MrsMozart said:
Or nearest offer is what they'll sell for - if all the offers are around the three hundred pound mark and one comes in at four hundred, then that's the nearest offer. It's the market, and the winter is coming :). Also, just because someone offers less does not mean they don't have the full asking price in the bank :)
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People look at what they can't afford all the time, think shoes, clothes, cars etc. Its aspriational. But, in horses it means that they waste everyones time and then try and barter you down something ridiculous.

Back the the original question - i do think its relative, but for a horse advertised at £850 i wouldn't have the cheek to offer less than £600 and i'd expect the owner to push me to £700.

In more expensive horses i usually think people advertise at £250-£500 more than they actually want.

I also know people who are giving ponies away but i don't really agree with it. If the people can't afford o buy them, they certainly can't afford to look after them!
 
Someone offered me £1500 for my daughter's pony (who is a little star) to include ALL good quality leather tack and a full wardrobe of rugs etc.

I politely said no thanks....I'd rather keep hold of him than give him away. That was £1000 less than I had originally asked for him. Thanks to that person we've decided to keep him now for my younger daughter in a year or so.
 
Sounds as if they are trying it on to go that low,I would say about £650 would be a reasonable drop,as its sort of common knowledge that most people drop down some. If you are not in a hurry keep hold.
Try and move the people up in price if they seem genuine.
My thought would be cant afford to buy,cant afford to keep !!!!!!!!!!!!!!!Its not a vast amount of money.
Other thing to try is re advertise for £1000 buyers like to drop you down,may get near to your price
 
Thanks for all your responses. I could keep him until next spring but due to a change of job recently my wage has gone down and it might be hard to budget over winter. He just craves attention and is very much a 'people person' he loves being with you and is such a character which is why I'd rather he goes now as its hard enough to part with him as it is.
 
Thats fine if a horse in in its 1000's but when a horse is cheap and someone offers peanuts for it. (250) I' say thanks but no thanks. Maybe advise them to go to a local horse sales? As they go cheap like that.

Another thing to think about, A person is looking at a 750 horse and offered 250. My question would be, can they AFFORD this horse. Cost of keeping,farrier,worming,vaccins and any vet bills that may come up.

I just think people need to stop and think before putting silly offers in. :)
 
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