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Deposit to hold horse

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  • the sandiest shoes
    replied
    I agree that's a really long time to hold a horse on deposit. Two weeks is way more reasonable. You also don't need to accept the deposit idea at all - if she is really motivated about the horse, let her know you could maybe offer her a courtesy heads-up if someone else sees the horse and is interested, giving her a first right of refusal and then a week or 10 day deposit to hold and do PPE? If the pro is her agent, and you're only 6 hours away, that seems like a fair compromise that they should be able to make work.

    I had planned a horse trip around a horse I really wanted, only to find out she'd been shown to someone else the week before and they did a PPE. They ended up passing and it worked out for me, but I sure would have appreciated a heads-up when they knew I was coming from a long ways off, had flights and hotels booked, etc. If I had that heads-up, I may have tried to change my flight or offer a week deposit or something.

    Leave a comment:


  • mvp
    replied
    Did the prospective buyer already take video of herself riding the horse? And you riding it?

    I would be disinclined to take a deposit. You'd have to make it expensive enough for the prospective buyer that if her pro said No, she'd have wasted a chunk of her horse budget and now potentially created a problem with her coach. Or she might be inclined to buy without her coach's blessing. You don't want your horse to be part of that scenario.

    I have seen many, many beginnner-ish buyers like yours want to buy a horse or put a deposit down on one before the pro has seen it. I can't tell you how many deals fall apart this way. Sometimes that's for really good reasons-- pro knows more about what the rider can do or soundness or whathaveyou than the excited newbie buyer. Sometimes that's for bad reasons-- pro doesn't make time to help this buyer enough with her purchase, pro has a priori ideas about what the buyer should buy and that's why she didn't come the first time. And I think there is something wrong if a trainer can't find time within the next 30 days to come see a horse her client is serious about. Sometimes, it's that the pro has not seen enough info about the horse to know if it's worth pursuing.

    But you want to promote the sale without taking risk, so help the buyer out. Offer her a time to come back, try the horse as her pro directs and you'll do the video taping for her. Hopefully, the pro will see enough of what she needs to in order to help the client make a decision.

    Leave a comment:


  • jonem004
    replied
    A month is a really long time to take a horse off of the market, ESPECIALLY this time of year. It’s a lot harder to sell a horse in the north in the winter than in the summer. I probably wouldn’t take a deposit. Keep showing the horse to people and is it’s still there in a month she can come see it with her trainer.

    Leave a comment:


  • atlatl
    replied
    How strong is the market for your horse? How long has she been for sale and are there other interested parties who've contacted you?

    I wouldn't do the trial either; far too risky!

    However, if I didn't have a line of other people interested, I'd probably do a nonrefundable deposit or a refundable one if she had a PPE completed before the trainer came out. She's got to have some skin in the game.

    I'd also set a specific date for the trainer to show up after which the deposit is forfeit, I'd also continue to show the horse to other people in the meantime.

    Good Luck!

    Leave a comment:


  • joiedevie99
    replied
    A month is a long time to take a sale horse off the market. Consider what you would accept as a non-refundable deposit to compensate for that, and make her a counter-offer. If she buys the horse, you take the deposit off the purchase price. If she doesn't, you keep it as compensation and put the horse back on the market.

    Leave a comment:


  • Fillyfolly
    started a topic Deposit to hold horse

    Deposit to hold horse

    A fairly beginnery amateur adult rider travelled from six hours away to look at my German Riding Pony for sale about six weeks ago. She really liked my mare and made a good offer about a week later but wanted to take her on trial and I said no ...for one, I'm in Canada and she's in New York State. The woman wants to give me a refundable deposit to hold her until she can bring her coach with her - but that's a month away. She says she is serious and will be doing a PPE ... I don't think I want to accept a refundable deposit as while my horse was really good for her and the coach liked what she saw, I have no guarantees she'll think they are a good match when she sees them go in person. Thoughts?
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