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horse shopping - what is a fair price ?

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  • horse shopping - what is a fair price ?

    I am looking for a kind horse to pack me around 2'6" hunters and put up with my attempts to move up a bit. middle-aged adult, not a beginner. had a hand-me down so never bought one for this level. looking in MA or somewhere I can drive to from there or can look in Ocala in Jan. what is a reasonable price for something competitive at this level at bigger shows in these regions ? those of you that sell horses, I am curious about your pricing rationale(s)

  • #2
    I sell horses. My pricing rationale? What am I going to pay to replace it with something similar.

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    • #3
      Warmblood, I would expect $20k-30k+ depending on age, how fancy, and how high you want to move up.
      Thoroughbred probably $12-20k.
      Last edited by mmeqcenter; Oct. 23, 2019, 09:19 AM.
      Custom tack racks!
      www.mmeqcenter.com/tacklove.html

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      • #4
        Honestly, prices for that type are all over the map depending on how much quality you want. You say you want to be competitive at bigger shows in the region, and have the ability to move up, so don't be surprised at mid-5's and up, unless you are willing to compromise on age, movement, jump, or some combination thereof. There are horses to be had at lower price points, but you will have to compromise on something (and it may still be a great horse and a lot of fun, but it may not be the winner). The 2'6" adults have a lot of nice horses in the division around here, and then of course it is still an issue of how many of the riders can also put in the good trip!

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        • #5
          I’m in PA. One of these unicorns without a serious maintenance issue that will get a piece of the hack in good company is easily $50-75K. Crazy but true.

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          • Original Poster

            #6
            Originally posted by Madison View Post
            Honestly, prices for that type are all over the map depending on how much quality you want. You say you want to be competitive at bigger shows in the region, and have the ability to move up, so don't be surprised at mid-5's and up, unless you are willing to compromise on age, movement, jump, or some combination thereof. There are horses to be had at lower price points, but you will have to compromise on something (and it may still be a great horse and a lot of fun, but it may not be the winner). The 2'6" adults have a lot of nice horses in the division around here, and then of course it is still an issue of how many of the riders can also put in the good trip!
            agree with all of this. thanks.

            is it kosher to bargain or do sellers get offended ? and so many ask right away what is my budget. I get it that they want to know I am serious and can afford in the right range, but can't they just tell me the price ?

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            • #7
              Originally posted by Ray View Post

              agree with all of this. thanks.

              is it kosher to bargain or do sellers get offended ? and so many ask right away what is my budget. I get it that they want to know I am serious and can afford in the right range, but can't they just tell me the price ?
              The easiest way to be taken seriously is to have your trainer involved.
              http://trainingcupid.blogspot.com/

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              • Original Poster

                #8
                Originally posted by Training Cupid View Post

                The easiest way to be taken seriously is to have your trainer involved.
                yes! I do. (am...)

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                • #9
                  Pack you around? How “auto” do you need it to be? I would guess something sound, honest, can take a joke, will jump without refusing even when pilot puts him in a bad position, can show and get a decent ribbon, no major personality issues making him not Ammy friendly? $40-60k. If you want the winner, pay more. If you are good enough to ride a challenging horse you could probably get away with less. Depends on how much of a “packer” you want/need.

                  I’m in Z3 and we have a VERY competitive 2’6 adult hunter bunch. Not sure what it’s like up in MA!

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                  • #10
                    $65k-$125k.

                    Sit on as many as you can and learn what the difference is between a 45k horse, a 65k horse, and an 85k horse. Then, if warranted, make an offer. At the upper levels a lot of them have about $10k padding in the price, which is actually more like, "$XXX is what I really want, but $XXY is what I'll take".

                    Florida is a great place to shop because you can see a lot of horses at once, but you will pay up for the privilege.

                    Barring known PPE issues:
                    $45K: If it's fancy, it's not likely a true 3' horse. If it is a true 3' horse, it's either old or average.
                    $65K: Solid 3' horse that will be quite competitive in many areas of the country, but never get noticed in others.
                    $85K: High quality 3' horse at an attractive age, or a nice one that also goes on and does the 3'3"
                    North of that is for people that want be competitive at WEF and the like.
                    Or people buying from BNTs, which is an instant 25% inflate.
                    EHJ | FB | #140 | watch | #insta

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                    • #11
                      I am aware of a horse in my zone (three) that recently was sold out of a well known AA program into a well known AA program that is a certifiable saint. Very attractive, great mover, auto changes, carts its owner around the 2' long stirrup/ 2'3" maidens and wins everything. They were asking $300,000 and likely got near that.

                      Honestly, though, that number shocked a lot of us and hopefully is an anomaly. I guess the old adage applies: a horse is worth whatever someone is willing to pay for it.

                      Comment


                      • #12
                        Originally posted by Ray View Post

                        agree with all of this. thanks.

                        is it kosher to bargain or do sellers get offended ? and so many ask right away what is my budget. I get it that they want to know I am serious and can afford in the right range, but can't they just tell me the price ?
                        Have to understand sellers get and waste time with too many tire kickers and pretend buyers looking for a free ride. Most prefer to deal with a trainer/agent including quoting prices, One reason prices are not thrown out is prices can change over time with more training and show results or go the other way if horse gets hurt. Professionals understand this, are discreet with the info and don’t hold seller to a 4 month old price.

                        A little negotiation is expected but it is rude to waste a sellers time if you can only come up with part of the asking price. Don’t forget there’s also PPE and shipping so it’s really not smart to go look at horses you know you can’t afford then low ball the seller.
                        When opportunity knocks it's wearing overalls and looks like work.

                        The horse world. Two people. Three opinions.

                        Comment


                        • #13
                          Originally posted by dags View Post
                          $65k-$125k.

                          Sit on as many as you can and learn what the difference is between a 45k horse, a 65k horse, and an 85k horse. Then, if warranted, make an offer. At the upper levels a lot of them have about $10k padding in the price, which is actually more like, "$XXX is what I really want, but $XXY is what I'll take".

                          Florida is a great place to shop because you can see a lot of horses at once, but you will pay up for the privilege.

                          Barring known PPE issues:
                          $45K: If it's fancy, it's not likely a true 3' horse. If it is a true 3' horse, it's either old or average.
                          $65K: Solid 3' horse that will be quite competitive in many areas of the country, but never get noticed in others.
                          $85K: High quality 3' horse at an attractive age, or a nice one that also goes on and does the 3'3"
                          North of that is for people that want be competitive at WEF and the like.
                          Or people buying from BNTs, which is an instant 25% inflate.
                          This is absolutely correct, IMO. I'd also say 85 will get you a 3' horse that might max out at 3' but could generally ribbon anywhere.

                          Comment


                          • #14
                            2 things...

                            1)You didn't mention if you want to show at the AA level or on the regional level?

                            2) Do you have an agreement that your trainer is taking a percentage of a purchase or a flat rate? (I've heard of both lately since the flat rate seems to help with the months long tire kicking saga's)

                            Em

                            "Courage is not the absence of fear but rather the judgment that something is more important than fear. The brave may not live forever but the cautious do not live at all." ~2001 The Princess Diaries

                            Comment


                            • #15
                              $300k for a horse to show in 2'? OK, 2'6"? OK, even at $150k? Good for the trainers and breeders involved in this! At these prices, I am wondering why anyone is breeding anything except warmbloods. Note, this is NOT a complaint. Happy when people can make money and stay in the horse business!

                              Comment


                              • #16
                                A 2'6" horse that won't move up can probably be had between $20k and $50k depending on how fancy and easy. Double that (or more) if you want a 3' horse.

                                Comment


                                • #17
                                  you are in MA so an arm and a leg and a couple of offspring....just kiddin kinda. Seems like leasing would be a great option especially since you expect to move up.

                                  Comment


                                  • #18
                                    I'm a 47 yo re-rider in Maryland (Zone 3) and I've been showing in the Pre-Adults (2'6") for the past few years. I do the local rated shows which also includes the Marshall & Sterling / HITS divisions in MD/VA/PA. My horse was nowhere NEAR the prices quoted above (he was under $10k). But, he's 14, is only 15.3, and can be a little quirky sometimes. However, he's a rock star in the ring, and when I ride well, we get decent ribbons. So I think prices can really vary greatly - don't be scared off by some of those numbers above!

                                    Comment


                                    • #19
                                      "Bargain?" No, not really kosher.

                                      Make an offer due to a specific reason? (horse is overpriced, something comes up on a PPE, it has a vice or issue that isn't reflected in the price, etc) Sure.

                                      But in general, it is respectful to shop in your price range. Maybe add $10k to pull in a few more, but don't go look at a $50k horse if you can only afford $30k expecting to "bargain" it down. That's just not how it's done.

                                      Keep in mind you'll have trial costs (flying you and your trainer out to see options can add up), PPE costs (which can add up if you vet more than one) and commissions to factor in. So if you have $30k to play with, that's not buying a $30k horse.
                                      Jennifer Baas
                                      It is the mark of an educated mind to be able to entertain a thought without accepting it. (Aristotle)

                                      Comment


                                      • #20
                                        I think the wrong word was used and perhaps OP meant negotiate. It is absolutely acceptable to negotiate... but like with anything if you low ball don't expect to have your offer taken seriously.

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