Disclaimer: I am not a lawyer, and this is not legal advice.
I am suggesting a few precautions.
You should consult a lawyer for full legal advice, and to receive advice tailored to your own situations. Buying/Selling a Horse—Contracts, Paperwork, Precautions It may be especially important to get contracts and receipts when buying/selling a horse, particularly if you are making payments.
This is a large purchase and often the former owner/new owner may have strong feelings about the horse; strong feelings can make people act in strange ways. Buying a horse is, obviously, a major commitment.
Horses require careful management and can be very expensive.
Horses may have long lives, so if you plan to keep a horse for the rest of his life, you’re in for a long haul.
As with any commitment, care should be taken before jumping in with both feet. When evaluating a horse, it may be most helpful to take along an objective observer to help.
Sometimes “love at first sight” can land yu in a rotten situation.
Buying a horse who doesn’t suit you well, or who will not be sound in the long run, (and so on), can cause a lot of distress and heartache—and financially gouging, too, as you try to have the horse retrained, keep him healthy, turn him out to pasture, or sell him at a loss.
An objective friend, or better yet, an instructor or trainer who knows your abilities, can help you avoid a costly mistake. Among other things, when you’re going to look at a horse, it’s always a good idea to watch someone ride before you get on.
If the horse isn’t safe to ride, then you’ll find out BEFORE the horse throws you or collapses under you. Hiring someone to evaluate horses with you is an excellent idea, when you consider th cost of a horse over time.
A minimal investment can grant you access to years of professional experience and expertise.
Typical fees for such evaluations are 10% of the horse’s cost, or you may agree on a flat fee. (Here again a written contract may be useful.) After you decide on a horse that suits you, it is wise to have a vet evaluate him also.
A “vet check” may turn up faults that the owner might not have mentioned—or that the owner might not even know.
A horse beginning to suffer from a degenerative unsoundness, like navicular, may not show it too much.
However, a vet check may turn this up and help you to know what you’d be getting into. CHAPTER 17—Interesting Trivia and Myths Studies have shown that domesticated horses in pasture may walk as much as 20 miles in a day. Horses can produce as much as 50 pounds of manure in 24 hours. Horses may drink as much as 20 gallons in 24 hours. The horse’s digestive system is about 100 feet in length and holds nearly 50 gallons of water. (A gallon of water weighs 8 pounds—that’s almost 400 pounds of the horse’s overall weight.) The stomach holds only 2-4 gallons at a time. Studies have NOT shown that white hooves are “weaker.” Basic concept in breeding: If you would be happy with a carbon copy of your mare, then it may be worth breeding her. (can’t “improve” mare by breeding to opposite)
Read more about Unsoundness : A horse beginning to suffer from a degenerative unsoundness like….: