Stallion Spotlight

Contenda MIHT 14 SJ2 JW 2

Real Estate Spotlight

Aerial Masked
  • Welcome to the Chronicle Forums.
    Please complete your profile. The forums and the rest of www.chronofhorse.com has single sign-in, so your log in information for one will automatically work for the other. Disclaimer: The opinions expressed here are the views of the individual and do not necessarily reflect the views and opinions of The Chronicle of the Horse.

Announcement

Collapse

Forum rules and no-advertising policy

As a participant on this forum, it is your responsibility to know and follow our rules. Please read this message in its entirety.

Board Rules

1. You’re responsible for what you say.
As outlined in Section 230 of the Communications Decency Act, The Chronicle of the Horse and its affiliates, as well Jelsoft Enterprises Ltd., the developers of vBulletin, are not legally responsible for statements made in the Forums.

This is a public forum viewed by a wide spectrum of people, so please be mindful of what you say and who might be reading it—details of personal disputes may be better handled privately. While posters are legally responsible for their statements, the moderators may in their discretion remove or edit posts, though are not legally obligated to do so, regardless of content.

Users have the ability to modify or delete their own messages after posting. Moderators generally will not delete posts, threads or accounts unless they have been alerted and have determined that a post, thread or user has violated the Forums’ policies. Moderators do not regularly independently monitor the Forums for such violations.

Profanity, outright vulgarity, blatant personal insults or otherwise inappropriate statements will not be tolerated and will be dealt with at the discretion of the moderators.

Users may provide their positive or negative experiences with or opinions of companies, products, individuals, etc.; however, accounts involving allegations of criminal behavior against named individuals or companies MUST be first-hand accounts and may NOT be made anonymously.

If a situation has been reported upon by a reputable news source or addressed by law enforcement or the legal system it is open for discussion, but if an individual wants to make their own claims of criminal behavior against a named party in the course of that discussion, they too must identify themselves by first and last name and the account must be first-person.

Criminal allegations that do not satisfy these requirements, when brought to our attention, may be removed pending satisfaction of these criteria, and we reserve the right to err on the side of caution when making these determinations.

Credible threats of suicide will be reported to the police along with identifying user information at our disposal, in addition to referring the user to suicide helpline resources such as 1-800-SUICIDE or 1-800-273-TALK.

2. Conversations in horse-related forums should be horse-related.
The forums are a wonderful source of information and support for members of the horse community. While it’s understandably tempting to share information or search for input on other topics upon which members might have a similar level of knowledge, members must maintain the focus on horses.

3. Keep conversations productive, on topic and civil.
Discussion and disagreement are inevitable and encouraged; personal insults, diatribes and sniping comments are unproductive and unacceptable. Whether a subject is light-hearted or serious, keep posts focused on the current topic and of general interest to other participants of that thread. Utilize the private message feature or personal email where appropriate to address side topics or personal issues not related to the topic at large.

4. No advertising in the discussion forums.
Posts in the discussion forums directly or indirectly advertising horses, jobs, items or services for sale or wanted will be removed at the discretion of the moderators. Use of the private messaging feature or email addresses obtained through users’ profiles for unsolicited advertising is not permitted.

Company representatives may participate in discussions and answer questions about their products or services, or suggest their products on recent threads if they fulfill the criteria of a query. False "testimonials" provided by company affiliates posing as general consumers are not appropriate, and self-promotion of sales, ad campaigns, etc. through the discussion forums is not allowed.

Paid advertising is available on our classifieds site and through the purchase of banner ads. The tightly monitored Giveaways forum permits free listings of genuinely free horses and items available or wanted (on a limited basis). Items offered for trade are not allowed.

Advertising Policy Specifics
When in doubt of whether something you want to post constitutes advertising, please contact a moderator privately in advance for further clarification. Refer to the following points for general guidelines:

Horses – Only general discussion about the buying, leasing, selling and pricing of horses is permitted. If the post contains, or links to, the type of specific information typically found in a sales or wanted ad, and it’s related to a horse for sale, regardless of who’s selling it, it doesn’t belong in the discussion forums.

Stallions – Board members may ask for suggestions on breeding stallion recommendations. Stallion owners may reply to such queries by suggesting their own stallions, only if their horse fits the specific criteria of the original poster. Excessive promotion of a stallion by its owner or related parties is not permitted and will be addressed at the discretion of the moderators.

Services – Members may use the forums to ask for general recommendations of trainers, barns, shippers, farriers, etc., and other members may answer those requests by suggesting themselves or their company, if their services fulfill the specific criteria of the original post. Members may not solicit other members for business if it is not in response to a direct, genuine query.

Products – While members may ask for general opinions and suggestions on equipment, trailers, trucks, etc., they may not list the specific attributes for which they are in the market, as such posts serve as wanted ads.

Event Announcements – Members may post one notification of an upcoming event that may be of interest to fellow members, if the original poster does not benefit financially from the event. Such threads may not be “bumped” excessively. Premium members may post their own notices in the Event Announcements forum.

Charities/Rescues – Announcements for charitable or fundraising events can only be made for 501(c)(3) tax-exempt organizations. Special exceptions may be made, at the moderators’ discretion and direction, for board-related events or fundraising activities in extraordinary circumstances.

Occasional posts regarding horses available for adoption through IRS-registered horse rescue or placement programs are permitted in the appropriate forums, but these threads may be limited at the discretion of the moderators. Individuals may not advertise or make announcements for horses in need of rescue, placement or adoption unless the horse is available through a recognized rescue or placement agency or government-run entity or the thread fits the criteria for and is located in the Giveaways forum.

5. Do not post copyrighted photographs unless you have purchased that photo and have permission to do so.

6. Respect other members.
As members are often passionate about their beliefs and intentions can easily be misinterpreted in this type of environment, try to explore or resolve the inevitable disagreements that arise in the course of threads calmly and rationally.

If you see a post that you feel violates the rules of the board, please click the “alert” button (exclamation point inside of a triangle) in the bottom left corner of the post, which will alert ONLY the moderators to the post in question. They will then take whatever action, or no action, as deemed appropriate for the situation at their discretion. Do not air grievances regarding other posters or the moderators in the discussion forums.

Please be advised that adding another user to your “Ignore” list via your User Control Panel can be a useful tactic, which blocks posts and private messages by members whose commentary you’d rather avoid reading.

7. We have the right to reproduce statements made in the forums.
The Chronicle of the Horse may copy, quote, link to or otherwise reproduce posts, or portions of posts, in print or online for advertising or editorial purposes, if attributed to their original authors, and by posting in this forum, you hereby grant to The Chronicle of the Horse a perpetual, non-exclusive license under copyright and other rights, to do so.

8. We reserve the right to enforce and amend the rules.
The moderators may delete, edit, move or close any post or thread at any time, or refrain from doing any of the foregoing, in their discretion, and may suspend or revoke a user’s membership privileges at any time to maintain adherence to the rules and the general spirit of the forum. These rules may be amended at any time to address the current needs of the board.

Please see our full Terms of Service and Privacy Policy for more information.

Thanks for being a part of the COTH forums!

(Revised 5/9/18)
See more
See less

The Purchase - Opinions Needed

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • The Purchase - Opinions Needed

    Hello Everyone, I had an account with COTH ages ago and cannot seem to find my login info. I need some advice. I haven’t owned a horse in a few years and am finally in the right place financially and I’m my personal life to purchase my dream horse. I have been casually searching sales ads as my original plan was to wait to purchase until the spring time. I happened upon a posting that is 100% what I am searching for. I contacted the owner and set up a time to visit.

    Now is where it gets tricky and I need honest opinions.. At the time of setting everything up, I was commited to purchasing this horse if everything worked out, passed its PPE, ect, and having a hauler within a reasonable time frame. I recently received some news that the money I will be using for the purchase is depositing into my account a month later than expected. I checked with my bank about possibly setting up a short term loan, they don’t offer those anymore and the most I could borrow is half the asking price of the horse (I don’t own a home or have something worth collateral) and there will be a decent amount of interest, not ideal.

    So, I figure that these are my options...

    - Tell the owner that I am willing to pay full asking price (price was neg.) so long they are willing to wait one month for the payment, and pick up then, of course.

    -Offer half as loan and the rest the next month.

    I could obviously offer both options and she what the owner says. But my question is, if you were selling a horse and this was presented to you, how would you honestly feel? Or, do you have any other advice you could offer?

    I really appreciate any input on this!

  • #2
    If I was selling I would just wait until you had all the money and were ready to pay.

    Too much can go wrong in putting money down and then having a month for the horse to do something to hurt themselves.

    Comment


    • #3
      I am a seller. As a seller, I would appreciate both offers, but probably would take the half down and the rest the following month. I might require full asking price as I am essentially financing the horse. I might even let you take it home with half down, depending. I would sign you into a contract for the rest of it. But a seller could go for either option, and I think I would offer both.

      Comment


      • #4
        For me, as a (former) small-time personal owner, it would depend entirely on how quickly I needed to sell, and what kind of response I was having on the horse's ad.

        If you were putting half down as a deposit, a month isn't a long wait (although I wouldn't let the horse leave my facility). But if you wanted me to loan you the other half and take the horse, I'd have to know you pretty well before I said yes. If you were a stranger? No. No way.

        That said, I know a family that essentially went out to look at a horse, tried it, liked it, but didn't have the money. They sold them the horse for 1/2 asking because it was a good match.

        There are all kinds of stories out there.
        -- Member of the COTH Appendix QH clique and the dressage-saddle-thigh-block-hating clique.

        Comment


        • #5
          One thing: As a seller, I would NOT hold the horse until you got the full amount without some sort of deposit--enough to make me sure you weren't going to walk away.

          Comment


          • #6
            I'm reading this as "Offer half as a deposit" (not loan) and pay the balance the following month.

            In this scenario you have no negotiation room, the seller is better off getting more than half, sooner, from someone else.

            And you may need to pay board for the month the horse stays with the seller, before you take delivery.

            --
            Wendy
            ... and Patrick

            Comment


            • #7
              My gut reaction as a seller is that you are shopping with money you don’t have and I’d be disinclined to entertain either offer.

              but that depends on the $$ in play and how desirable the horse is.
              Originally posted by PeanutButterPony
              you can shackle your pony to a lawn chair at the show...so long as its in a conservative color.

              Comment

              • Original Poster

                #8
                Thanks for all of these helpful replies! It’s great to get some input from the other perspective, and it will obviously differ person to person and scenario to scenario. I’m going to plan on offering both options and cross my fingers. I understand that this is not an ideal scenario, but at least it doesn’t sound too far fetched?

                Wendy, I meant the loan (half) being the initial payment and the rest being payed the following month as cash. I do realize the buyer is better off accepting another offer in the meantime but I am not so sure if that’s going to be an issue or not in this given scenario.

                Comment


                • #9
                  Given that you were not expecting this current delay in funds, what's to say that it won't be delayed further? I would not put half the purchase price at risk in the meantime. I advise to wait until you have the money and can buy outright. Here's why: if you don't have the funds to buy, that means you also don't have the funds yet to handle an expensive injury. Wait until you have that financial cushion in the bank. If he sells, there will be other horses.

                  Comment

                  • Original Poster

                    #10
                    I understand that concern and would never purchase without having cusion for injuries. My accidental thinking I was getting the money on a specific date was due to a miscommunication on my end. There is no way that this money I set aside for purchase and more will not be in my account by a specific date. I have budgeted everything correctly and will have no issues affording this horse, I just was a month off and that was my mistake.

                    Comment


                    • #11
                      I would suggest insuring the horse at the time you sign the bill of sale and put the partial payment down, for the full price. Especially if it stays with the seller for an additional month (very reasonable if total price not yet paid), as not in your control.
                      Forward...go forward

                      Comment

                      • Original Poster

                        #12
                        That is a great suggestion!

                        Comment


                        • #13
                          Originally posted by DappledRose View Post
                          Hello Everyone, I had an account with COTH ages ago and cannot seem to find my login info. I need some advice. I haven’t owned a horse in a few years and am finally in the right place financially and I’m my personal life to purchase my dream horse. I have been casually searching sales ads as my original plan was to wait to purchase until the spring time. I happened upon a posting that is 100% what I am searching for. I contacted the owner and set up a time to visit.

                          Now is where it gets tricky and I need honest opinions.. At the time of setting everything up, I was commited to purchasing this horse if everything worked out, passed its PPE, ect, and having a hauler within a reasonable time frame. I recently received some news that the money I will be using for the purchase is depositing into my account a month later than expected. I checked with my bank about possibly setting up a short term loan, they don’t offer those anymore and the most I could borrow is half the asking price of the horse (I don’t own a home or have something worth collateral) and there will be a decent amount of interest, not ideal.

                          So, I figure that these are my options...

                          - Tell the owner that I am willing to pay full asking price (price was neg.) so long they are willing to wait one month for the payment, and pick up then, of course.

                          -Offer half as loan and the rest the next month.

                          I could obviously offer both options and she what the owner says. But my question is, if you were selling a horse and this was presented to you, how would you honestly feel? Or, do you have any other advice you could offer?

                          I really appreciate any input on this!
                          You may not believe so right now, but there are other horses out there that will seem just as good if not better if this one sells before you have the money on hand, that is just a very short time.

                          Also, you don't even know the horse will pass a PPE or other of your qualifications, with the shipper, etc.?

                          People inquire about horses and seem very interested, all the time.
                          Then for one reason or other buyers come thru or don't.

                          Everyone has different ideas of what they want to risk.
                          Maybe losing a buyer with money on hand that may not even require a PPE waiting for you?
                          If he doesn't pass your PPE, then where does that leave the seller?

                          All you can do is ask the seller, may be one that can accommodate, or one that tells you to come when you have the money, if the horse is still for sale, oe offer some other kind of arrangement you have not thought about yet.

                          Comment


                          • #14
                            Do you not have access to a credit card?
                            Janet

                            chief feeder and mucker for Music, Belle and Tiara. Someone else is now feeding and mucking for Chief and Brain (both foxhunting now). Spy is gone. April 15, 1982 to Jan 10, 2017.

                            Comment


                            • #15
                              PayPal Credit can also be your friend if you don't have a credit card. They have also been running an introductory special for 6 months interest free. Check it out and I hope you get your horse!

                              Comment


                              • #16
                                Originally posted by Alpha Mare View Post
                                I would suggest insuring the horse at the time you sign the bill of sale and put the partial payment down, for the full price. Especially if it stays with the seller for an additional month (very reasonable if total price not yet paid), as not in your control.
                                I would also pay board starting the day of the acceptance by the owner

                                Comment


                                • #17
                                  It doesn't hurt to ask, but if the seller is not willing to act as your bank, don't take it personally. I agreed to do the deposit / payment in a month thing when I sold my horse last year, and it was a nightmare. I will never do it again, no matter how good the home looks or how bad I need to sell the horse.

                                  If the seller is willing to work with you, though, you should also pick up the board costs for the month and farrier costs if due. If you expect the seller to keep the horse in work, you should be paying for the rides/training and work insurance out between the two of you in case of a freak accident while being ridden. If the horse is nearby and you will be able to go ride, make sure whatever waivers, etc, are in place. Make sure there is agreement on who is responsible for any vet emergencies/decisions (should be you, with you still liable for the rest of the purchase price if something catastrophic happens).

                                  Honestly, it'll be much cleaner and less stressful to find a way to get a loan. Chalk up the interest as the penalty you pay for not having your financial ducks in a row before you started shopping. If your bank doesn't offer short term loans, does it offer regular (2+ year) personal loans? As long as there is no pre-payment penalty, there is nothing to prevent you from paying it off in full in a month when the rest of your money comes in.
                                  She Gets Lost

                                  Comment


                                  • #18
                                    I just purchased a gelding with terms applied. The horse has had to stay in its current location due to me not being able to pick up until March(he's across the country with no haulers even responding to a request to go that way). I have been paying board, along with paying out the remainder of the asking price. She will not transfer his registration papers until my final payment is in, but is allowing me to bring him home before the final payment(only about 3 weeks before the final payment is scheduled). I have also known the breeder for years, so that may have changed things slightly, but if they know the horse is going into a good home, I feel like many people will work with you. But, who knows.

                                    Comment


                                    • #19
                                      I also just completed a purchase of my forever horse with terms, due to a similar situation with a mess-up of timing for funds on hand to immediately complete the sale following an acceptable PPE. The seller was very accommodating, I paid a month's board, and a sizeable deposit. The seller also shipped the horse to me before I had made the final payment, which I didn't ask for but was instead offered by the seller.

                                      To sum up, you never know what the seller's motivations are (logistics, financial, or otherwise), so it never hurts to make a reasonable, respectful offer of terms. Good luck!

                                      Comment


                                      • #20
                                        I have done this as a seller. Horse went on trial to a trusted trainer, passed vet, they wanted him but had a glitch in timing to get the full amount. I will say I had 75% of the funds up front so that made me alot more comfortable, but she the remainder paid on time and was no problem.

                                        Comment

                                        Working...
                                        X