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  Keeper of the King Snake
Posts: 7622
   
Location: Dubach, LA | I've noticed a huge increase in the number of 6, 7, 8, and even 9 year old horses advertised as started, lightly patterned, needing a job, late start, back burner, or ready to haul. I'm not talking about own sons of DTF, ASOR, or FG. These are just run of the mill riding horses with asking prices starting around $5,000-$10,000.
What's up?  |
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 Expert
Posts: 5293
| I LOVE that age.. THey are over the baby stuff!!! Ready to learn and yet have lots of years left to compete. Joints are done growing etc.. |
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 Straight Shooter
Posts: 5725
Location: SW North Dakota | I think the prices are a little nuts for almost everything. I've been looking for a "broke" 3-4 yo mare for my daughter, IMO, our budget is reasonable. There are a ton of them that are GD, or GGDs of "somebody," that are riding green to decent for $7500-10,000. I understand the owners think they are ate up with potential, but I think they're worth $3500. I don't inquire if they are that far off the budget. Many times I assume they will be $5k or less, so I ask because the ads aren't priced. They tell me $10k (or more) and then try to hard sell me or tell my my budget isn't reasonable. Which, of course, ****es me off- I know there are very nice horses out there that fit the bill and are within my budget. I will wait- I have more time than money. |
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Keeper of the King Snake
Posts: 7622
Location: Dubach, LA | ND3canAddict - 2017-02-08 11:27 AM I think the prices are a little nuts for almost everything. I've been looking for a "broke" 3-4 yo mare for my daughter, IMO, our budget is reasonable. There are a ton of them that are GD, or GGDs of "somebody," that are riding green to decent for $7500-10,000. I understand the owners think they are ate up with potential, but I think they're worth $3500. I don't inquire if they are that far off the budget. Many times I assume they will be $5k or less, so I ask because the ads aren't priced. They tell me $10k (or more) and then try to hard sell me or tell my my budget isn't reasonable. Which, of course, ****es me off- I know there are very nice horses out there that fit the bill and are within my budget. I will wait- I have more time than money.
207 views. I guess we are the vast minority. Or everyone else is elling a horse. LOL.
Edited by CanCan 2017-02-08 12:02 PM
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 Whack and Roll
Posts: 6342
Location: NE Texas | CanCan - 2017-02-08 11:48 AM ND3canAddict - 2017-02-08 11:27 AM I think the prices are a little nuts for almost everything. I've been looking for a "broke" 3-4 yo mare for my daughter, IMO, our budget is reasonable. There are a ton of them that are GD, or GGDs of "somebody," that are riding green to decent for $7500-10,000. I understand the owners think they are ate up with potential, but I think they're worth $3500. I don't inquire if they are that far off the budget. Many times I assume they will be $5k or less, so I ask because the ads aren't priced. They tell me $10k (or more) and then try to hard sell me or tell my my budget isn't reasonable. Which, of course, ****es me off- I know there are very nice horses out there that fit the bill and are within my budget. I will wait- I have more time than money. 207 views. I guess we are the vast minority.
Nah, i'm in that minority with you. Now if a horse is working a pattern handily and is priced in that range, I think that makes sense, but a horse that just walks, trots, and lopes....stops and backs pretty decent, that's a $2500 - $3500 horse to me too and I really don't care how they're bred if they're over 3 yo's. |
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 Miss Laundry Misshap
Posts: 5271
| I think the horse market is ridiculous right now, at least for barrel horses. I feel like 8500 and up needs to have proof of what they can do. Anything under that is in the potential catagory. The older horses might be ready to learn and have a good career, but I'd only be willing to pay up to 5K usually and that would be for the younger 5,6,7 and lower for older. You never know what you are getting when they are somewhat aged and haven't done crap.
Took me 2 full years to work through the untraining, retraining, and attitude adjustment on a 10YO who was broke enough. He was given to me. They couldn't sell him for $2500 and gave up cause no one wanted the issues. They were moving and needed one gone and knew I'd work with him. This horse is bred out the wazoo too. But they'd had him gelded because they didn't need a stud. |
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Expert
Posts: 5293
| Agree with all of the above. You can find a decent , well bred, kinda broke horse for 2500-5000. I did just that yesterday. I also don't like the ads that say " Half brother to......" yadda yadda. Give them your number and ask them to call you when they are willing to sell inside your budget. It may take a month or 2 but will call. And another thing I like to do is have my friends and family call and inquire about the same horse im interested in. I called on a horse once for 5k. I had my dad call and tell the people he was looking for a horse for his daughter etc and price went to 10,000 lol |
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Married to a Louie Lover
Posts: 3303
| I'm not a fan of futurities and won't buy one who's been futuritied, so a 5-6 yr old is right up my ally. I like to pattern them myself so well broke and lightly started on the pattern is great.
But that's worth $2500-$5000 to me and depends more on how broke than how well bred if it's a gelding. I totally get paying a little more for proven bloodlines, but if he flunks out of the barrel pen I have a well bred gelding who now I have to find another job for or convince a buyer he's worth taking the gamble on even though he doesn't excel at what his pedigree says he should. Mares I could see going a bit higher for the bloodlines as there's breeding potential there.
People always think their horse is worth top dollar, I won't say I've never priced one on the high side of his worth because everyone also wants to haggle and walk away feeling like they got a good deal.
But horses are a lot like houses. They say the first 2 weeks a house is on the market is the most traffic it'll ever get in a robust market. Once it's been on the market over a month people assume something is wrong with it. So you'd better price it right the first time because it'll be a harder sell if you don't. I feel it's similar for horses - if I see an ad that reads too good to be true but has been bumped up 40 times in 6 months, I start to wonder why.
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 Poor Cracker Girl
Posts: 12150
Location: Feeding mosquitos, FL | WORD 
I can't get over these average horses I'm seeing that are loping circles or maybe trotting a pattern for 9 and 10 thousand dollars! I can see if it's an own son or daughter of one of the big names but a everything else? I don't think so.
I just want a youngish horse that's broke enough to not try to kill me without me going broke in the process. |
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Elite Veteran
Posts: 729
Location: south central usa | OhMax - 2017-02-08 12:22 PM
I'm not a fan of futurities and won't buy one who's been futuritied, so a 5-6 yr old is right up my ally. I like to pattern them myself so well broke and lightly started on the pattern is great.
But that's worth $2500-$5000 to me and depends more on how broke than how well bred if it's a gelding. I totally get paying a little more for proven bloodlines, but if he flunks out of the barrel pen I have a well bred gelding who now I have to find another job for or convince a buyer he's worth taking the gamble on even though he doesn't excel at what his pedigree says he should. Mares I could see going a bit higher for the bloodlines as there's breeding potential there.
People always think their horse is worth top dollar, I won't say I've never priced one on the high side of his worth because everyone also wants to haggle and walk away feeling like they got a good deal.
But horses are a lot like houses. They say the first 2 weeks a house is on the market is the most traffic it'll ever get in a robust market. Once it's been on the market over a month people assume something is wrong with it. So you'd better price it right the first time because it'll be a harder sell if you don't. I feel it's similar for horses - if I see an ad that reads too good to be true but has been bumped up 40 times in 6 months, I start to wonder why.
the best one is when people try to sell on FB without posting a price....from 1D to knows what a (feed) barrel is...post gets 100's of comments with everyone wanting a price...a week later the poster finally "publishes" the price and...crickets. |
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Straight Shooter
Posts: 5725
Location: SW North Dakota | This is funny. A little OT, but many of the ads I am reading don'thave prices on them. The ad reads like the horse should fall in my budget, so I ask and the horse is priced WAY higher than I would have imagined. Here's the funny part- the seller gets irritated with me for "tire kicking" after I say the horse isn't in my budget. WTF, female dog! You didn't price the horse, how am I supposed to know I can't afford your cute little no-name 3 year old with 60 rides???!!!! |
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 Expert
Posts: 3815
Location: The best kept secret in TX | I found a WEANLING filly the other day advertised at $80,000. Both Grandsires were big names but a little older in popularity. Sire has a 2017 stud fee of only $750 with no incentives. Dam has no show records available to view. Foal is signed up for no incentives...
I guess they're worth whatever you want them to be worth now-a-days. |
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Elite Veteran
Posts: 695
Location: Windoming | IRunOnFaith - 2017-02-08 11:39 AM I found a WEANLING filly the other day advertised at $80,000. Both Grandsires were big names but a little older in popularity. Sire has a 2017 stud fee of only $750 with no incentives. Dam has no show records available to view. Foal is signed up for no incentives...
I guess they're worth whatever you want them to be worth now-a-days.
I saw that and keep thinking they made a mistake and will correct it soon....... |
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 You get what you give
Posts: 13030
Location: Texas | I've seen them.. I don't get it either. |
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Member
Posts: 6
| I'm having a really hard time with this right now as well! I would love to bring home a 5 or 6 year old started on the pattern and ready to add more speed but so many that I've seen are priced at $7500+ and I don't feel like that's quite what I'm willing to spend for something as a "prospect" |
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 I Prefer to Live in Fantasy Land
Posts: 64864
Location: In the Hills of Texas | I think futurities and slot races have caused this as because of the amount of money that is up, quite a few buy multiple colts to start and the slow learners are put to the side and before they know it, they have these older horses that are standing around and eating. Of course they would like to get back what they have in them but for buyers...that is not reality. |
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 Expert
Posts: 2674
Location: Silver Lake, MN | I know it takes a lot to get babies on the ground, keep them healthy and get them started. But the market is just crazy right now. Used to be able to find a nice 3D horse for 5K. Prices have at least doubled for that same horse and I'm not sure why? It sucks...I know I would never be able to even afford a horse that is started on the pattern at this point. Hence why I have no name brand horses. LOL. |
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 Experienced Mouse Trapper
Posts: 3106
Location: North Dakota | ND3canAddict - 2017-02-08 12:35 PM This is funny. A little OT, but many of the ads I am reading don'thave prices on them. The ad reads like the horse should fall in my budget, so I ask and the horse is priced WAY higher than I would have imagined. Here's the funny part- the seller gets irritated with me for "tire kicking" after I say the horse isn't in my budget. WTF, female dog! You didn't price the horse, how am I supposed to know I can't afford your cute little no-name 3 year old with 60 rides???!!!!
I havent been in the market for a horse in a loooooong time BUT I will say that for me-if they don't come to my place as a weanling/yearling-I really struggle with what (if anything sometimes) people have "done" with them. I've made a few buying plunders in my life but, imagine paying 5k plus on a nice looking 3-5 yr old and getting him home and constantly struggling with him because of how he was raised-YUCK-impressions are made so quickly on these horses that I'm willing to raise them and wait (even though I'm not getting any younger)  There are so many "horseman" in this world that can screw up a wet dream it's not even funny I'm really hard pressed to look at anything that isn't finished. |
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 Owner of a ratting catting machine
Posts: 2258
| In my opinion, people are probably pricing these horses along with what they have in them, plus a little over that trying not to lose their butt.
Doesn't take long to get a four year old for $5,000 and look up from life have it turn into an 8 year old that you actually have at least $9,000 into. Doesn't take long at all, especially if you loved the horse and were sure that your life was going to let you get your colt going.
Personally, I have a 6 year old Toast to Dash son out of a DTF daughter. He got back burnered due to work, then got sick, then we moved again, he got sick again. Blah blah. I would never sell him, but if I tried to, I would have to have over $20,000 on him to break even on the vet bills and training, not to mention the regular care you get around here if you're a horse. I got him as a two year old. It feels like yesterday, I remember every detail of the day I got him. |
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You get what you give
Posts: 13030
Location: Texas | vet bills mess up your break even... because, horses are worth what they're worth.. and if you spent 10k to save a 5K valued horse, you can't price it at 15k- its just not worth more than its worth on its own. |
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