I have a really nice gelding in our barn right now. Actually, I have several, but this horse in particular has had probably 20+ applications filled out for him in a very short amount of time. Part of it is his look, part of it is his pedigree, and part of it is his movement which excites people.
Inevitably when we have a nice horse we also have several disappointed people. People who filled out their applications late, people who didn’t act when they had the chance, ultimately, people who didn’t get the horse. My fear with horses like this is that the longer the horse is held “off the market” for someone to do a pre-purchase exam (“PPE”) or make a final decision, the more people who walk away that may have otherwise been interested. Worse, the more people assume there was a problem with the horse if someone else backed out of a commitment to him. Continue reading Why I require deposits for pre-purchase exams