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What is a Horse Bill of Sale?
A horse bill of sale is a type of bill of sale that is specifically made when buying or selling a horse. Buying a horse needs a bill of sale because you need protection for the sales agreement that you had. In a horse purchase bill of sale, you can secure the transfer of ownership of the horse. So, you should bear in mind that when you buy a horse, you must first be familiar with a horse bill of sale. You can do this by reviewing a horse bill of sale template. To have a template, you can download a horse bill of sale PDF or horse bill of sale Word document from the internet. It can also be helpful to have tips on buying your first horse.
Having a horse bill of sale example can make you wiser when buying a horse. Sometimes, it may not be enough to have a simple horse bill of sale PDF or a basic horse bill of sale. Search for a free horse bill of sale that can be comprehensive enough for you to know everything about this bill of sale. For example, if you want to sell it in the future, you have to know that a horse bill of sale with a buy-back clause means that the seller has the right to buy the horse back again. Or a horse bill of sale with first right of refusal means that the seller should be notified when the buyer wants to sell the horse. So, like in all written agreements, you have to be familiar with the clauses of a horse bill of sale.
Dos and Don’ts on a Horse Bill of Sale
There is a stigma that says that tricks are involved when buying or selling a horse. But you should know that we should avoid bad sales at all costs. For buyers and sellers to get the most out of the horse bill of sale, they must know the dos and don’ts when buying or selling a horse. They are the following:
Dos for Horse Buyers
- Have a pre-purchase examination – A pre-purchase examination is the best thing that horse buyers can do to ensure that they can buy a good horse. Get a personal veterinarian whom you trust to do the pre-purchase exam. As much as possible, gather a lot of information about the horse. This information can help you decide whether you should buy the horse or not. Just like when you buy a property and you need inspection reports, a pre-purchase exam is needed.
- Purchase Early: If you have heard the news that there are good horses on sale, do not waste your time and immediately book a plane ticket to see the horse yourself. If horse lovers know that there are great horses on sale, know that they will not also waste their time to get the horse. So, you have to be proactive to be the first one to see the horse so that you can buy it. Schedule a trial ride as early as possible and get a veterinarian to do a pre-purchase exam. Do your best so that you can purchase the horse early through a horse bill of sale. Do not wait to find some time against your work schedule. If you do so, other buyers may be the ones to purchase the good horses and not you.
- Get Enough Information: Sometimes, you do not need the seller to get the information that you need. The first thing to do is to study the ad about the horse. What are the things that can tell you that the horse is good to buy? Is the horse justly priced? Get as much information as you can.
- Do Research: We know that everything now can be researched through Google. You must research the horses. Google the seller and search for reviews. You can find trails if the seller has been a good seller or not. You can also look at the Facebook page of the sellers. If you want to go further, look at the Better Business Bureau. Market research reports on horses can also help you.
- Be Honest: With honesty, you can find the perfect horse that you want. So, you have to be honest with the trainer and with the seller. Be honest about your budget. Through this, you can get the best-offered horse if you will show honesty. The seller can understand your needs and you can start a good relationship with the seller with honesty.
Don’ts for Horse Buyers
- Don’t Make Assumptions – Do not assume anything when you are buying a horse. Be sure to have the right information before deciding on anything. You cannot purchase a horse with assumptions. The case will be you can get involved in bad sales.
- Don’t Be Slow in Making a Horse Bill of Sale: If you have fallen in love with the horse, you must be quick in making a horse bill of sale. Know that if you are going to delay even one day, you may lose the chance of buying the horse. Purchase agreements and bills of sales should be quick to accomplish. Know that sellers can show the horse to other buyers and they might be quicker to have the horse bill of sale than you. When this happens, you will lose your chance to own the horse that you fell in love with.
- Don’t Pass or Fail a Horse by Yourself: It is not in your capability to say that a horse is good or not. Do not say that a horse is passed or failed by yourself. Get a veterinarian to do the PPE (pre-purchase examination) to tell whether a horse is good or not. It is only the veterinarian who can tell whether a horse passes or fails the PPE.
Dos for Horse Sellers
- Prepare Contracts– If you are the seller, be sure to create contracts. Everything should be legal when you sell your horses. Aside from sales contracts, you should also have the horse bill of sale. These documents can give you protection.
- Make a Good Advertisement: As horse sellers, the key can be to advertise well. Only through it can you get the best buyers. If possible, have advertising brochures to present your horses better. When you do this, you can expect that your horses can be sold in a very short time. It can be faster for you to have a horse bill of sale.
- Show Honesty: Just like how buyers should be honest with their budget, you should be honest, too. Be honest about the horses’ abilities. Remember, buyers will know if your horses are good enough through the trial ride so there is no point in you to lie. You will just lose buyers if you will do so.
Don’ts for Horse Sellers
- Don’t Accept Personal Checks: Cashiers’ checks can be good but do not accept personal checks. If possible, ask the buyer to wire the money or pay in cash.
- Don’t Overprice the Horse: For you to sell many horses, do not overprice your horses. This can be a good way to have regular buyers. If the horses are overpriced, you may not find many buyers.
Benefits of a Horse Bill of Sale
To transfer the ownership of horses to another person, you need the horse bill of sale. The document will detail everything about the purchase. It serves as a purchase receipt that the horse has been bought. It is not just a simple receipt but it has a lot of benefits.
How to Buy a Horse with a Horse Bill of Sale
The horse bill of sale is a legally binding document. You need this to ensure your ownership of the horse. But how can you have a horse bill of sale? The following are the steps that you can get through:
1. Choose a Horse
First, you should decide on a horse. Know the kind of horse that you want. Before buying a horse, you must first ensure that you can fall in love with the horse. Remember, a horse is costly so you must make sure that you can buy the best.
2. Know Your Budget
For you to have the best horse bill of sale, you must understand your budget. You may make a budget plan for all the horses that you want to buy. Set a proper budget for each horse bill of sale.
3. Get a Good Seller
Find a good seller of horses. Verify the credibility of the seller as much as possible. When you find a horse that you like, schedule a test ride. Also, prepare the horse for PPE. Hire a good veterinarian to do the work.
4. Complete the Bill of Sale
When everything is arranged, you can finalize the sale. Create a horse bill of sale with all the terms that you and the seller have agreed upon. After that, you can both sign the bill of sale. If you want, you can also notarize it.
When should I use a horse bill of sale?
Whether you want to buy a horse for yourself or you want to buy a horse as a gift, you should secure a horse bill of sale.
What are the things that you have to consider when you are buying a horse?
The things that you have to consider when buying a horse are when the horse was born, if it is registered in a breeder association, and if a veterinarian has already examined it.
For your legal protection, have a horse bill of sale. You can prove your ownership through the bill of sale. You can be sure that you will not encounter any problems with your ownership of the horse. Because of the horse bill of sale, you can have peace of mind as you own your horses. Always secure a horse bill of sale.