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Elite Veteran
Posts: 1008
| Long story short- I bought a filly this spring- she was approximately two weeks old. Seller down on his luck and gave me a heck of a deal on her. He delivered her on Saturday and Sunday her maternal sister won her futurity at the track. The one that raced is the dam's first foal to hit the track. Seller is in a better position now and really wants the filly back to run at the track. I had plans to run barrels on her. Her sire is new in FF this year and has a few 1D, futurity horses out there but people are really just starting to try them in the barrel pen. I have mixed feelings on what I should do. One thing I do know is there is absolutely no way I could buy this quality of horse for the $ I spent on her. What would you do in this situation? I started second guessing myself wondering if she would be better suited for the track vs the barrel pen and maybe I should find something else....
Edited by ImaSparkyAce 2016-09-09 2:22 PM
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 A Somebody to Everybody
Posts: 41354
  
Location: Under The Big Sky Of Texas | If you really like her dont sell. You bought her fair and square so no worrying for you 
Edited by Southtxponygirl 2016-09-09 2:24 PM
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I just read the headlines
Posts: 4483
| I'd keep her and not feel bad about it at all. |
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 Elite Veteran
Posts: 912
Location: Alabama | Personally I always try to make myself "take the money". Bird in the hand is worth two in the bush and all that...
So, if there is a healthy profit to be made I would take the money and let him have the filly back. |
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  Neat Freak
Posts: 11216
Location: Wonderful Wyoming | I'm a sucker and keep them. I could have sold my Firewater Finale colt for some serious cash when he was a baby. But I wanted him so bad so kept him. He got hurt a couple of times, cut his chest up bad. He's ok now and I still love him and he rides so so nice. But there was a time I was kicking myself for not taking the money. |
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Elite Veteran
Posts: 1008
| Sockittoemred - 2016-09-09 2:20 PM
Personally I always try to make myself "take the money". Bird in the hand is worth two in the bush and all that...
So, if there is a healthy profit to be made I would take the money and let him have the filly back.
That is the part I feel guilty about also....... (making him pay more $ for her) but I've seen yearlings listed for 4x and change what I gave for her--and I did purchase her with the thought at some point I could probably make some decent $ on her. |
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Elite Veteran
Posts: 672
| Sockittoemred - 2016-09-09 2:20 PM
Personally I always try to make myself "take the money". Bird in the hand is worth two in the bush and all that...
So, if there is a healthy profit to be made I would take the money and let him have the filly back.
Same, as long as he was offering to buy her back for what she is apparently worth :) |
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 Veteran
Posts: 234
Location: Oklahoma | I would keep her. |
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I just read the headlines
Posts: 4483
| ImaSparkyAce - 2016-09-09 2:23 PM
Sockittoemred - 2016-09-09 2:20 PM
Personally I always try to make myself "take the money". Bird in the hand is worth two in the bush and all that...
So, if there is a healthy profit to be made I would take the money and let him have the filly back.
That is the part I feel guilty about also....... (making him pay more $ for her ) but I've seen yearlings listed for 4x and change what I gave for her--and I did purchase her with the thought at some point I could probably make some decent $ on her.
If he is willing to pay what she is worth that's good, but don't sell her back to him for less just because you bought her cheap because he was in a bind. That was not your fault. You paid what he was asking, now if he wants her, he needs to pay what you are asking. |
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Elite Veteran
Posts: 915
Location: SE KS | I hear of partnerships on race horses, is that a possibility? |
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Elite Veteran
Posts: 1008
| lhighquality - 2016-09-09 2:31 PM
I hear of partnerships on race horses, is that a possibility?
Unfortunately not- for me there is just too much risk and too much expense involved. I was thinking about trying to come up with an agreement that I could get a baby out of her or her dam in the future if I do decide to sell her back though. |
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 Some Kind of Trouble
Posts: 4430
| If you want her, keep her. If you wouldn't mind selling her, tell him it would take however much her real value is to buy her back and let him decide. You aren't actively needing to sell her or wanting to, so I would never offer her back cheap just because he changed his mind. You shouldn't feel bad about that part, IMO. |
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 Serious Snap Trapper
Posts: 4275
Location: In The Snow, AZ | Just here to agree with all above. If you want her, keep her. You
Bought her fair and square. If he wants to pay what she's worth, and that works for you, then sell her back. No need to feel bad. Honest deals both ways. |
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 Expert
Posts: 2128
| He has his winner in her sibling. Only sell if you care to make money on her because of what she is worth now. |
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Who Wants to Trade?
Posts: 4692
| Does he wasn't to run her or own her regardless? I know you aren't keen on the risks involved with racing, but leases sometimes work out really well. You just insure your interest. I have yet to regret selling a horse. If she's a weanling now, you could likely buy a yearling right. If she's race bred, which it sounds like, those sales have been down this year and you can stretch your money. |
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 Heeler Hoarder
Posts: 2067
| Sell her for what you can replace her for |
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Elite Veteran
Posts: 1008
| scwebster - 2016-09-09 3:04 PM
He has his winner in her sibling. Only sell if you care to make money on her because of what she is worth now.
Unfortunately he doesn't own her sister.......he traded her to the trainer for training fees so I think that is also why I feel bad about the whole deal.
My husband says he's an addict and not to be an enabler ;) |
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Tried and True
Posts: 21185
Location: Where I am happiest | Keep your filly and tell him if you ever decide to sell you will let him know first. I can gaurantee you he is wanting to buy her back for pretty much what you paid. Well now she's older, bigger, and her sister is a winner. So if you entertain the idea of selling, then ask fair market value. Whatever his wants, or circumstances are or were has nothing to do with you. Keep your filly, dont try to sell with strings attached like foals or partnerships or anything else. . Those deals never work out. Sell to be done and walk away completely, or dont sell at all. He obviously has the mare, so he can make more just like her. Business is business, price her for enough to replace her with comparable filly so you can buy another if you want to sell. He will either pay it, or he wont.
Edited by ThreeCorners 2016-09-09 5:25 PM
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Meanest Teacher!!!
Posts: 8555
Location: sunny california | I would not be surprised if he did not have another buyer waiting to pay way more than you paid. he also prolly expect so get her for near the same price... |
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 Very Important Person
Posts: 5682
Location: South MS | Be objective. If you don't want to sell, then don't. However, if you "think" you "might" want to sell her, then price her at a level you can live with if she DOES sell.
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 To the Left
Posts: 1865
Location: Florida | Keep her, you took a risk to buy her, why would you let him get her back without the risk. Don't second guess your first impression. |
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 Take a Picture
Posts: 12842
| You need to establish your priorities. I raise babies because I enjoy babies. If you want to barrel race look for a horse a little older to get going. You have about 5 years before you can be competitive. Babies are into self destruction. A lot can happen to one in between now and when the horse is ready to run. My trainer buried a weanling this week. They went to feed one morning and found her dead, blood running from her nose. Perhaps she got kicked. |
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To the Left
Posts: 1865
Location: Florida | What did you decide? |
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Tried and True
Posts: 21185
Location: Where I am happiest | streakysox - 2016-09-10 12:23 PM You need to establish your priorities. I raise babies because I enjoy babies. If you want to barrel race look for a horse a little older to get going. You have about 5 years before you can be competitive. Babies are into self destruction. A lot can happen to one in between now and when the horse is ready to run. My trainer buried a weanling this week. They went to feed one morning and found her dead, blood running from her nose. Perhaps she got kicked.
Thats what insurance is for. |
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 Warmblood with Wings
Posts: 27846
Location: Florida.. | keep her ... you dont know next time hes in a bind in few months he may sell her for triple what he buys her back from you for.. or he realized whats shes worth.. |
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 Expert
Posts: 1273
Location: South Dakota | Keep her. |
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 My Heart Be Happy
Posts: 9159
Location: Arkansas | And the answer is???? |
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Location: Illinois | You only live ONCE!!! Have fun with her, keep her! |
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The Advice Guru
Posts: 6419
| ThreeCorners - 2016-09-10 1:32 PM
streakysox - 2016-09-10 12:23 PM You need to establish your priorities. I raise babies because I enjoy babies. If you want to barrel race look for a horse a little older to get going. You have about 5 years before you can be competitive. Babies are into self destruction. A lot can happen to one in between now and when the horse is ready to run. My trainer buried a weanling this week. They went to feed one morning and found her dead, blood running from her nose. Perhaps she got kicked.
Thats what insurance is for.
Insurance doesn't reimburse you for the heartache of the loss. It doesn't replace the hair you pull out trying to bubble wrap them. |
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I am your favorite rash and you know it
Location: Being pushed over the edge, NM | I'd sell her back... a quick and fair profit is nothing to sneeze at. Plus, if this guy is trying to prove his mare, he will be very inclined to prove this filly on the track; not knocking the barrel racing plans but it would hurt the mare's value/page to have an "unstarted" offspring. If you're not looking to send her to the track or breed after, you'd be doing this guy and his program a favor, making yourself a little money, and would maybe be able to get yourself something you'll like even better. And you won't have that "what if..." in the back of your mind about her career. The race bred sales are getting hit hard this year, make a profit when you can. |
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A Somebody to Everybody
Posts: 41354
Location: Under The Big Sky Of Texas | Vickie - 2016-09-10 1:25 PM What did you decide?
I was wondering this myself  |
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Neat Freak
Posts: 11216
Location: Wonderful Wyoming | cheryl makofka - 2016-09-10 8:39 PM ThreeCorners - 2016-09-10 1:32 PM streakysox - 2016-09-10 12:23 PM You need to establish your priorities. I raise babies because I enjoy babies. If you want to barrel race look for a horse a little older to get going. You have about 5 years before you can be competitive. Babies are into self destruction. A lot can happen to one in between now and when the horse is ready to run. My trainer buried a weanling this week. They went to feed one morning and found her dead, blood running from her nose. Perhaps she got kicked. Thats what insurance is for. Insurance doesn't reimburse you for the heartache of the loss. It doesn't replace the hair you pull out trying to bubble wrap them.
And sometimes they just plain don't reimburse you. |
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Take a Picture
Posts: 12842
| cheryl makofka - 2016-09-10 9:39 PM
ThreeCorners - 2016-09-10 1:32 PM
streakysox - 2016-09-10 12:23 PM You need to establish your priorities. I raise babies because I enjoy babies. If you want to barrel race look for a horse a little older to get going. You have about 5 years before you can be competitive. Babies are into self destruction. A lot can happen to one in between now and when the horse is ready to run. My trainer buried a weanling this week. They went to feed one morning and found her dead, blood running from her nose. Perhaps she got kicked.
Thats what insurance is for.
Insurance doesn't reimburse you for the heartache of the loss. It doesn't replace the hair you pull out trying to bubble wrap them.
When I did have insurance on a horse it was mortality insurance. They let me insure for the amount that I paid for the horse until the horse started winning. It would not increase the value because of training. Insurance did not cover injuries. Example, friend buys a young stallion that is a son of Dash For Perks. Horse is playing and runs down the fence and slides to a stop, slips and straddles a T post. It cut him so badly that he still limps, 10 years later. Insurance does not cover that. Most people do not have insurance on foals anyway. I don't have insurance on anything and one horse is a reserve world champion, probably because the insurance companies do everything they can to keep from paying. |
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Elite Veteran
Posts: 1008
| Chandler's Mom - 2016-09-10 9:18 PM
And the answer is????
I haven't decided yet! There is a fair amount of $ to be made- he literally sold her to me for half of what it costs to get a colt by her sire on the ground and that doesn't include feeding the mare for a year+.
I also was thinking it would be better for him and his mare if she runs at the track.....
I do have a futurity horse for next year and a finished horse I am hoping to bring back from injury so the wait time really isn't an issue.....but I know things happen too. And to be honest she was an impulse buy when I found out how cheap she was. Next year's futurity horse is by the same stud and I absolutely love him so that also pushed me to buy her at that moment.
She's just such a quality colt it makes me want to hang onto her! |
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 No Tune in a Bucket
Posts: 2935
Location: Texas | ImaSparkyAce - 2016-09-12 7:42 AM Chandler's Mom - 2016-09-10 9:18 PM And the answer is???? I haven't decided yet! There is a fair amount of $ to be made- he literally sold her to me for half of what it costs to get a colt by her sire on the ground and that doesn't include feeding the mare for a year+. I also was thinking it would be better for him and his mare if she runs at the track..... I do have a futurity horse for next year and a finished horse I am hoping to bring back from injury so the wait time really isn't an issue.....but I know things happen too. And to be honest she was an impulse buy when I found out how cheap she was. Next year's futurity horse is by the same stud and I absolutely love him so that also pushed me to buy her at that moment. She's just such a quality colt it makes me want to hang onto her!
Then my answer would have to be 'thanks, but no thanks'. |
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 Money Eating Baggage Owner
Posts: 9586
Location: Phoenix | GLP - 2016-09-09 12:29 PM
ImaSparkyAce - 2016-09-09 2:23 PM
Sockittoemred - 2016-09-09 2:20 PM
Personally I always try to make myself "take the money". Bird in the hand is worth two in the bush and all that...
So, if there is a healthy profit to be made I would take the money and let him have the filly back.
That is the part I feel guilty about also....... (making him pay more $ for her ) but I've seen yearlings listed for 4x and change what I gave for her--and I did purchase her with the thought at some point I could probably make some decent $ on her.
If he is willing to pay what she is worth that's good, but don't sell her back to him for less just because you bought her cheap because he was in a bind. That was not your fault. You paid what he was asking, now if he wants her, he needs to pay what you are asking.
I would do this. List for her for what those colts are going for and if he wants to pay that, fine. If not, you keep her.
I get what someone was saying about making $$. We held onto a roping prospect after someone offered us a lot more than we paid hit we held onto him because finished out he'd sell for a lot more. He colicked and died a week later.
Take the money you get from her (if you sell her) and put it towards your dream prospect and take your time finding her and building up that "prospect fund". |
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 Peecans
| ThreeCorners - 2016-09-10 12:32 PM
streakysox - 2016-09-10 12:23 PM You need to establish your priorities. I raise babies because I enjoy babies. If you want to barrel race look for a horse a little older to get going. You have about 5 years before you can be competitive. Babies are into self destruction. A lot can happen to one in between now and when the horse is ready to run. My trainer buried a weanling this week. They went to feed one morning and found her dead, blood running from her nose. Perhaps she got kicked.
Thats what insurance is for.
And I buried my nice 3 year old last month, horrific events are not exclusive to babies..... You can lose the best horse you ever owned at any age. |
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Tried and True
Posts: 21185
Location: Where I am happiest | della - 2016-09-12 12:16 PM ThreeCorners - 2016-09-10 12:32 PM streakysox - 2016-09-10 12:23 PM You need to establish your priorities. I raise babies because I enjoy babies. If you want to barrel race look for a horse a little older to get going. You have about 5 years before you can be competitive. Babies are into self destruction. A lot can happen to one in between now and when the horse is ready to run. My trainer buried a weanling this week. They went to feed one morning and found her dead, blood running from her nose. Perhaps she got kicked. Thats what insurance is for. And I buried my nice 3 year old last month, horrific events are not exclusive to babies..... You can lose the best horse you ever owned at any age.
And we burried a super nice 6 year old last fall. |
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 Born not Made
Posts: 2937
Location: North Dakota | This filly is now YOUR HORSE. You bought her for a reason .... so keep her!
Just like buyer's remorse, maybe this is a case of seller's remorse? 
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My Heart Be Happy
Posts: 9159
Location: Arkansas | RocketPilot - 2016-09-12 9:54 AM
ImaSparkyAce - 2016-09-12 7:42 AM Chandler's Mom - 2016-09-10 9:18 PM And the answer is???? I haven't decided yet! There is a fair amount of $ to be made- he literally sold her to me for half of what it costs to get a colt by her sire on the ground and that doesn't include feeding the mare for a year+. I also was thinking it would be better for him and his mare if she runs at the track..... I do have a futurity horse for next year and a finished horse I am hoping to bring back from injury so the wait time really isn't an issue.....but I know things happen too. And to be honest she was an impulse buy when I found out how cheap she was. Next year's futurity horse is by the same stud and I absolutely love him so that also pushed me to buy her at that moment. She's just such a quality colt it makes me want to hang onto her!
^^^^ that's your answer I think!!! |
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 Elite Veteran
Posts: 964
Location: Alberta, Canada | streakysox - 2016-09-12 5:32 AM
cheryl makofka - 2016-09-10 9:39 PM
ThreeCorners - 2016-09-10 1:32 PM
streakysox - 2016-09-10 12:23 PM You need to establish your priorities. I raise babies because I enjoy babies. If you want to barrel race look for a horse a little older to get going. You have about 5 years before you can be competitive. Babies are into self destruction. A lot can happen to one in between now and when the horse is ready to run. My trainer buried a weanling this week. They went to feed one morning and found her dead, blood running from her nose. Perhaps she got kicked.
Thats what insurance is for.
Insurance doesn't reimburse you for the heartache of the loss. It doesn't replace the hair you pull out trying to bubble wrap them.
When I did have insurance on a horse it was mortality insurance. They let me insure for the amount that I paid for the horse until the horse started winning. It would not increase the value because of training. Insurance did not cover injuries. Example, friend buys a young stallion that is a son of Dash For Perks. Horse is playing and runs down the fence and slides to a stop, slips and straddles a T post. It cut him so badly that he still limps, 10 years later. Insurance does not cover that. Most people do not have insurance on foals anyway. I don't have insurance on anything and one horse is a reserve world champion, probably because the insurance companies do everything they can to keep from paying.
You can insure for loss of use and then that would be covered. |
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New filly- seller wants to buy back.....