Ultimate Equine is geared towards making horse purchasing as easy and fun as possible. In order to accomplish this, we have set up a few guidelines and policies. These policies along with the following valuable information will help to prepare you for each step along the journey to your new equine partner.
The Contract/Written Offer:
Don’t be overwhelmed by the written offer/ purchase agreement. This is the first and one of the most crucial steps in buying a horse. In this agreement, the horse is identified and your contingencies are set. This contract is designed to be as simple and straightforward as possible while protecting the interests of all parties involved.
An initial deposit is required when you make an offer on the horse you wish to purchase. This is usually in the form of a bank check and is held, uncashed, by us until the contingencies are cleared. Should the horse fail to meet your contingencies, the check will be voided, scanned and emailed to you, and then destroyed.
The contingencies are things that you would like to do or have done in order to complete your due diligence to make sure the horse is the one you would like to purchase. The most common contingencies are a pre-purchase exam and going to Europe to try the horse or having a rider of your choice in Europe ride the horse for you to ensure it will meet your training and rideability requirements.
Ultimate Equine is happy to make all of the transport arrangements for you, so all you have to do is wait for your horse to be delivered to your door. We will need the name and address of the farm they are being delivered to and a phone number for someone who will be there to unload them. You will pay the import agent and ground transportation company directly.
After the contingencies are cleared, you will be sent a Contingency Removal form to sign. This lets everyone know that the contingencies have been found satisfactory and you are ready to proceed with the purchase. At this point, you will be given international bank wire instructions to wire the money to the seller for your new horse. Check with your bank, but international wire transfers can take anywhere from 3 to 10 days to arrive in the seller’s bank account. Because of this delay, we ask that you get a copy of the wire transfer confirmation from your bank and scan it to us so that we can send it to the seller as proof of payment to avoid any delays in shipping your horse. When the money has arrived, both you and the seller will sign a bill of sale. Please keep your copy as you may need it to transfer the ownership of your new horse with its breed registry.
After the wire transfer has been sent, the import process will begin.