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When is a sale “pending”

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Last activity 2018-02-16 9:41 AM
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buckskin blonde
Reg. Jan 2009
Posted 2018-02-13 10:55 PM
Subject: When is a sale “pending”


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When do you cancel any customers coming to try a horse? When someone schedules a vet check? When your waiting on a transaction? Say you have someone coming to try the horse Saturday but someone who has already tried the horse out wants to do a vet check Monday do you tell the people coming Saturday a sale is pending and cancel? If someone say tries the horse Saturday wants him but obviously can’t get to the bank till Monday and you have people coming to try Sunday do you tell them sale pending or let them come try in case i falls through? Confused saler here ???????
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streakysox
Reg. Jul 2008
Posted 2018-02-13 11:01 PM
Subject: RE: When is a sale “pending”



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Sale is pending when someone puts some money in my hand. I lost three possible sales on a truck because a guy kept telling me he wanted it at the asking price. Suddenly things changed and the others had already found what they wanted.
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rodeomom3
Reg. Dec 2007
Posted 2018-02-14 5:38 AM
Subject: RE: When is a sale “pending”



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Has the vet check already been scheduled? Sale is pending when money is in the bank. I would let them come try him, I can’t tell you how many times buyers do not follow thru when they say they want the horse. There is no reason they could not have left a check. We always went prepared to hold the horse if we wanted to buy pending vet check. I would let them know that a vet check is potentionally bring scheduled for Monday but they can come look-as a buyer I think I would be miffed if I had wasted my time but as a seller the deal is not done till money is in your hand. Did you tell the vet check people that you would hold the horse? If not, keep showing him.
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Edited by rodeomom3 2018-02-14 5:46 AM
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ajs2002
Reg. Apr 2006
Posted 2018-02-14 6:41 AM
Subject: RE: When is a sale “pending”



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Sale is pending when there is a deposit. BUT I would be honest with anyone that had plans to come look. That they are welcome to still come out, but that there is a deposit or a possible vet check on monday or..... Then it is in the buyers hands if they want to spend the time to still come look just in case.

I actually had people fly in, Once they had purchased the airline tickets I would not sell the horse out from under them. I had another person that was going to be in the state looking at several and still wanted to come look, before the flying in people arrived just in case the horse did not work for them. It was their choice. The horse sold to the people that flew up, but had it not worked out the others had a chance to look at her too while they were in the area. I was honest with everyone and it all worked out ...... 
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Mighty Broke
Reg. Jul 2004
Posted 2018-02-14 7:08 AM
Subject: RE: When is a sale “pending”



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Vet check does not constitute a sale pending unless they have put a deposit. I would let those people try the horse on Saturday and if they put a deposit or flat out buy---horse is theirs BUT---I would be upfront with the person doing the Vet Check and if they want to put a deposit on the horse NOW---they are first in line. 
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horsegirl
Reg. Feb 2004
Posted 2018-02-14 7:32 AM
Subject: RE: When is a sale “pending”



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Only sale pending when money (cash or certified check) is in hand. I "sold" a horse one time and the people gave me a check for full price and said they'd come back in a few days to pick him up. When they picked him up, they said they'd bring cash and we'd just shred the business check he gave me first. They blew off our scheduled pick up time several times and always had excuses. Long story short, they never got him. And I had no cash to protect myself because the business check they had given me was no good.

Cash in hand holds a horse. Otherwise, youre' riding on faith.

 
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dRowe
Reg. Jan 2017
Posted 2018-02-14 7:56 AM
Subject: RE: When is a sale “pending”



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Cash in hand - I scheduled a vet check for out of state. Seller hauled the horse to the vet I wanted. I was ready to pay, but the horse had some MAJOR issues via vet check. Owner didn’t know.

So I would just tell anyone coming to look that there’s a deposit, or a vet check scheduled, but that the horse isn’t sold and they’re more than welcome to come see it. And if it sells at asking price before someone else gets their vet check, then oh well.

I’ve also set up a visit for a horse out of state, and the horse sold days before I was set to arrive. No big deal - I love the horses I ended up with. Everything happens for a reason!
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hoofs_in_motion
Reg. Apr 2011
Posted 2018-02-14 8:49 AM
Subject: RE: When is a sale “pending”



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Like other BB's told me....not til cash in hand. I learned my lesson after being nice and told several people who were interested in a mare I had for sale...that she was sale pending because this gal really wanted her. Held her for a week, NOTHING. And none of those people who were originally interested, were anymore since they went out and bought other horses. So she is still sitting in my pasture LOL 
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NJJ
Reg. Jul 2006
Posted 2018-02-14 9:03 AM
Subject: RE: When is a sale “pending”


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streakysox - 2018-02-13 11:01 PM Sale is pending when someone puts some money in my hand. I lost three possible sales on a truck because a guy kept telling me he wanted it at the asking price. Suddenly things changed and the others had already found what they wanted.

 Same thing happened to me, on a truck .... and I NEVER usually hold anything without a cash deposit but I thought that I could trust this person....it worked out well for another BB but it could just as well not have  .......
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Southtxponygirl
Reg. Nov 2006
Posted 2018-02-14 9:31 AM
Subject: RE: When is a sale “pending”



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NJJ - 2018-02-14 9:03 AM
streakysox - 2018-02-13 11:01 PM Sale is pending when someone puts some money in my hand. I lost three possible sales on a truck because a guy kept telling me he wanted it at the asking price. Suddenly things changed and the others had already found what they wanted.
 Same thing happened to me, on a truck .... and I NEVER usually hold anything without a cash deposit but I thought that I could trust this person....it worked out well for another BB but it could just as well not have  .......

 I remember that, was a bad move/dirty what that other person did to you.. 
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dashnlotti
Reg. Aug 2009
Posted 2018-02-14 9:36 AM
Subject: RE: When is a sale “pending”



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I've always hated when someone complains, "They sold that horse out from under me!!"
Nooooo.......if you wanted the horse that bad, you would've had a deposit down.
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Southtxponygirl
Reg. Nov 2006
Posted 2018-02-14 9:39 AM
Subject: RE: When is a sale “pending”



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I learned my lesson too, no matter how sweet/nice they are, always get a deposit no matter who they are, so you wont be left hanging..Its always who has the money in hand at that time that gets to be the winner, and if the horse dont past the vet check they get their deposit back, but they pay for the vet check no matter if didnt past or past..
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mtcanchazer
Reg. Apr 2012
Posted 2018-02-14 10:54 AM
Subject: RE: When is a sale “pending”



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Yes, sale is pending when the purchaser has left a deposit. If I have someone coming from out of town and they have confirmed they are on their way, I won't sell it before they get here, that is only common courtesy (my last horse I sold went to Canada). 

In our business, and in your case and in any horse transaction I have been a part of, first money ALWAYS buys. That is a rule we have had, with the above exception. 
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classicpotatochip
Reg. Mar 2011
Posted 2018-02-14 3:06 PM
Subject: RE: When is a sale “pending”



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dRowe - 2018-02-14 7:56 AM

Cash in hand - I scheduled a vet check for out of state. Seller hauled the horse to the vet I wanted. I was ready to pay, but the horse had some MAJOR issues via vet check. Owner didn’t know.

So I would just tell anyone coming to look that there’s a deposit, or a vet check scheduled, but that the horse isn’t sold and they’re more than welcome to come see it. And if it sells at asking price before someone else gets their vet check, then oh well.

I’ve also set up a visit for a horse out of state, and the horse sold days before I was set to arrive. No big deal - I love the horses I ended up with. Everything happens for a reason!

I would never show a horse if someone has a deposit down on it! If I put a deposit down and somebody ran my new horse-final cash not delivered not withstanding, I’d be ****ed.

Just make sure that there’s an agreed on pick up arrangement for payment in full-ex 5 days or something. Deposit non refundable if buyer fails to follow through the sale.
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angelica
Reg. Apr 2005
Posted 2018-02-14 3:08 PM
Subject: RE: When is a sale “pending”


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For me it is not done until cash hits my hand and the horse is gone! I let anyone come try a horse until the horse is paid for. I am honest and let any interested horse buyer know other people are coming. I will not take a deposit to hold because I have been burned doing that. Back in 2013 I had a nice mare listed, a girl called on a Sunday night and said she would like to come try the mare on Wednesday. I said Ok but call first to make sure I still have her. The horse sold Tuesday before she ever managed to come see her. She text to come Wednesday morning and I told her the horse was sold! She proceeds to cuss me and go on Facebook and cuss and rant etc... sorry but I’m not obligated to hold a horse for you at all and risk losing a buyer! Now if someone is driving a very long distance I would not show the horse to another buyer but I will not hold for long!
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casualdust07
Reg. Mar 2005
Posted 2018-02-14 3:38 PM
Subject: RE: When is a sale “pending”



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To me, a horse is not sale pending until I have a deposit on hold. Or the horse is literally on the way to it's PPE.

If the person wants to PPE the horse and wait, and you have someone coming...it's not out of the question to ask them to wire you a deposit.



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TrailGirl
Reg. Jan 2014
Posted 2018-02-15 7:52 AM
Subject: RE: When is a sale “pending”



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NJJ - 2018-02-14 9:03 AM

streakysox - 2018-02-13 11:01 PM Sale is pending when someone puts some money in my hand. I lost three possible sales on a truck because a guy kept telling me he wanted it at the asking price. Suddenly things changed and the others had already found what they wanted.

 Same thing happened to me, on a truck .... and I NEVER usually hold anything without a cash deposit but I thought that I could trust this person....it worked out well for another BB but it could just as well not have  .......


I'm sorry that happened to you...But My father in law loves that truck! So definitely worked out in the end.
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NJJ
Reg. Jul 2006
Posted 2018-02-15 8:41 AM
Subject: RE: When is a sale “pending”


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TrailGirl - 2018-02-15 7:52 AM
NJJ - 2018-02-14 9:03 AM
streakysox - 2018-02-13 11:01 PM Sale is pending when someone puts some money in my hand. I lost three possible sales on a truck because a guy kept telling me he wanted it at the asking price. Suddenly things changed and the others had already found what they wanted.
 Same thing happened to me, on a truck .... and I NEVER usually hold anything without a cash deposit but I thought that I could trust this person....it worked out well for another BB but it could just as well not have  .......
I'm sorry that happened to you...But My father in law loves that truck! So definitely worked out in the end.

 
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oija
Reg. Feb 2012
Posted 2018-02-15 10:19 AM
Subject: RE: When is a sale “pending”



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You have to have a good solid deposit. I will take checks but deal is not complete until money clears my account. I just sit the money in a savings account in case something happens and don't take it out until horse is paid in full and on its way out of the gate. But cash is always best too.
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r_beau
Reg. Apr 2010
Posted 2018-02-16 9:41 AM
Subject: RE: When is a sale “pending”



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I guess I don't do "pending". Either the horse is sold or they are not. And they're not sold until I have CASH. So whoever gets me the cash first. (and then I want the horse out of my possession, because it's sold!)

It's sad to have to operate this way but there are just too many flaky people.

 
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