A careful review of registration papers and the transfer form at the time of sale can help avoid potential problems. In just a few minutes, you can determine if the papers match the horse you are buying, if the seller is the horse’s registered owner, and if the registered owner has signed the transfer forms.
5. Taking a Horse on Trial without a Written Agreement.
Before the horse leaves its owner’s property, you should have a written agreement describing the terms of the sale, including under what circumstances you can return the horse to the seller. Otherwise, you may find yourself in a situation where you don’t want the horse and the seller won’t take him back.
6. Buying a Horse Subject to a Vet Check without a Written Agreement.
At the time you agree to purchase a horse subject to the outcome of a vet check, you should enter into a written agreement describing the circumstances under which you will not be obligated to purchase the horse. Veterinarians will rarely “pass” or “fail” a horse during a prepurchase exam – typically, they simply inform you regarding the horse’s health and condition. As a result, you and the seller may likely disagree as to whether the horse “passed” the prepurchase exam.
7. Buying a Horse at an Auction.
Sure, there are good deals to be had at auctions, but you are taking an enormous risk Auction terms typically do not allow for a prepurchase examination by an independent veterinarian and most sales are “as is” with no recourse against the consignor or auction if there is something wrong with the horse.
8. Not Drawing a Blood Sample as Part of the Vet Check.
Let’s face it – artificial “enhancement” is very common in all aspects of the horse industry. Lameness and temperament issues can be masked with any number of pharmaceutical aids, and some of those aids are long-lasting. You can have your veterinarian draw blood during the prepurchase examination and keep that blood sample at the clinic. The blood sample is then available for testing if the horse later experiences a sudden, inexplicable change in soundness or temperament. Without that blood sample, you will have little proof that the seller drugged the horse at the time of the sale.
9. Not Getting a Vet Check Because the Horse is Young.
Even if the horse is a weanling, it can still have issues affecting its long-term soundness and performance potential, and those issues are not always immediately apparent. A thorough veterinary evaluation can help you screen out potential problems.
10. Not Having Your Trainer or Instructor Evaluate the Horse.
Even an experienced horse person can benefit from professional advice. Your trainer or instructor knows you, and they also know horses – trust their advice in helping you find a good match.
Equine Legal Soultions. www.equinelegalsolutions.com/top-ten-horse-buying-mistakes.html.