Tips on Pricing Your Horse for Sale

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When you advertise your horse for sale, you will need to determine a fair asking price for your horse. Price your horse too high and you’re unlikely to find interested buyers. Price him too low, and you could lose out on a part of the sale, or might attract the wrong audience for your horse. These tips can help you to price your horse appropriately.

Have Your Horse Appraised

One of the simplest ways to assess your horse’s value is to have him professionally appraised. An equine appraiser is familiar with the market value of horses and knows how to evaluate your horse’s quality and characteristics. You’ll have to pay for the service, but if you’re selling a horse that you believe has significant value, it may be well worth the investment.

Make a List of Your Horse’s Qualities

If you opt not to have your horse appraised, then you’ll need to do a little work to determine an asking price for your horse. Make a list of your horse’s qualities, including factors such as whether he is registered, how old your horse is, any physical issues that require maintenance or limit his career, the professional training he has received, the disciplines that he is appropriate for, show achievements, and more. Having this information in front of you can help you to better assess your horse.

Look at Comparable Horses for Sale

Once you have completed a list of your horse’s qualities, take a look at the prices that comparable horses are selling for in your area. The prices of horses vary all over the country, and particular types of horses are valued more highly in certain areas. For instance, if you live in a region where most riders are interested in eventing, then the prices of Thoroughbreds and warmbloods will likely be higher than in other regions. Try to find horses with similar qualities as yours, and get a sense of the prices that they’re being advertised for.

Consider What You Paid for Your Horse

Think about what you paid when you initially bought your horse. Has your horse received training or experiences which increase his value? Don’t forget to also consider that your horse’s age will also affect his value.

Ask Other Equestrians

Do you have close equestrian friends who are familiar with the buying market and your horse? Ask them what they would see as a fair price for your horse. If the answers are all fairly close together, this can give you an idea of where you may want to price your horse.

In the end, it’s best to decide on a price and advertise your horse for sale. If you don’t get interested buyers, you can always adjust the price and try again.

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