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Kizzys Mum
Silver Member
England
389 Posts |
 Posted - 31 Jan 2009 : 5:24:07 PM
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What would you do, the place I keep my horses is confirmed as for sale, would you be looking asap to move or would you hang in there on the offchance that the new owners would keep liveries on. There is only 2 1/2 acres and 6stables currently, I occupy two of them.
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Nicki
Bronze Member
United Kingdom
149 Posts |
Posted - 31 Jan 2009 : 5:38:31 PM
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Gosh, how tricky is that. Its always a worry that you'll wait, and they will want you out at short notice. However, it does take some time for a sale to go through, so you could always ask the current owners to tell you if they accept an offer and ask to be able to speak to the potential new owners once their offer has been accepted. Then you can gauge if they would keep you on, and if not you would still have some time to look. You could always find somewhere and agree a notice period of the time to process the sale, that way if it falls through you wouldnt have left. Also find out if an offer gets accepted, what is the new buyers position, if there is a chain involved you may also get more time to establish if you are able to stay or not. Right now , nowhere seems to be selling very quickly and the owners may not get the price they need to enable them to move.
It wont do any harm to be viewing other liveries for suitability in the meantime.
Good Luck |
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Kizzys Mum
Silver Member
England
389 Posts |
Posted - 31 Jan 2009 : 6:22:20 PM
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We had some people come today who were really keen  |
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loulou
Silver Member
England
464 Posts |
Posted - 31 Jan 2009 : 7:16:19 PM
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Hi Kizzy's mum
We're in exactly the same situation as you. I am currently on a yard of 30 horses and own three, the yard owner announced last summer he was putting his property up for sale as he wished to retire - the property was viewed by many an interested party but he wouldn't budge on his 2 million (!) price tag and so has currently withdrawn it from the market
No doubt it will be up for sale soon!! But where we are in Essex there are very few livery yards - and certainly none that i would wish to entertain in our area so can you imagine 30 liveries panicking!!! Some of the liveries left last year but the majority have held on and are hoping that when it is eventually sold they will keep us on - but personally i find it hard to believe that someone will come along with 2 mill and wish to keep 30 d.i.y. liverys - if they can afford that price tag then they probably certainly don't need the hassle. 
It's a difficult one but i really don't think property like these will see overnight and hopefully we will both get plenty of warning. It's such a shame as mine are so happy where they are and the off road riding we have is second to none. If only we could both win the lottery!!!!
traceyx |
    
Essex |
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Minty Arab
Silver Member
England
482 Posts |
Posted - 31 Jan 2009 : 7:23:50 PM
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I would start looking around, just in case the worst happensits horrible looking for yards,i know,especially when your horses are happy where they are...
but better to be prepared.
Hugs
Emma X  |
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Kizzys Mum
Silver Member
England
389 Posts |
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RiffRaff
Silver Member
271 Posts |
Posted - 31 Jan 2009 : 8:20:47 PM
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I would wait till the yards under offer personally as once they've accepted an offer it will still take a couple of months before its finilised as they have to do searches and exchange contracts. However theres nothing stopping you just looking at other yards as you never know you may find a yard you like better ! Tricky situation though, im sure that new owners wouldnt mind you staying on for a while if they knew you were looking for somewhere else, a true horsey person wouldnt want to see another horsey person left in the lurk! Good luck  |
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loosefur
Gold Member
584 Posts |
Posted - 31 Jan 2009 : 8:58:49 PM
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With a yard that small it's unlikely to be sold to someone wanting to run it as a livery business - there's not enough land or stables to make it economically viable. There's a chance whoever buys it might keep one or two liveries to help pay the bills, so you might be lucky, however I'd seriously start looking around for somewhere else. Whilst it's true the housing market is in a terrible state and nothing is selling, equestrian properties i.e. stables and land with no accommodation are selling as well as they ever have. I know this because I recently saw a yard I knew was up for sale, thinking they might struggle to sell I asked if they'd be interested in renting it out to me instead, however they'd already had loads of interest and accepted an offer from somebody... the sale is going through as we speak. The housing market is slow because people can't get mortgages. Non-residential property isn't mortgageable so buyers to have alternative sources of funding - usually savings and aren't suffering in the current lending crisis.
The exact same thing happened to me a couple of years ago. I was renting a lovely yard - four stables, 7 acres, 40x20 school, right on a bridlepath - had been there just a year when my landlord came round one day to say he was putting it on the market. That was July. By September the sale had gone through and I'd had to move onto a livery yard. Urghhh! Sorry to hear you're in the same predicament - so my advice start looking now! |
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lady tee
Gold Member
United Kingdom
785 Posts |
Posted - 31 Jan 2009 : 10:28:45 PM
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| HYA,Hope you are well and give big hug to Kira,i would look for alternative accommodation its like when someone takes over a business they usually change their staff.Good luck on your quest for new yard if you take that option TX |
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Kizzys Mum
Silver Member
England
389 Posts |
Posted - 31 Jan 2009 : 10:47:07 PM
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Thanks guys, I have renewed my interest in a couple of yards, neither ideal location wise but both would suit the horses and me facilities wise and both have more grazing, I think I will sit tight otherwise and wait and see if this buyer shows any interest.
I have to admit to being a little cross, as an estate agent came up a while ago to value the property and the YO told me (less than 2mths ago) that they would not consider selling and if they did they would not let any viewings or anything go ahead without telling me, you wouldn't believe how awkward I felt having these posh people (woman in mink coat and posh expensive boots) who came over and was rubbing Kiras nose when she obv didn't like it as she's headshy grr just makes me think they know bugger all about horses and I can't see that being a match made in heaven. |
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timthearab
Junior Member
England
42 Posts |
Posted - 01 Feb 2009 : 12:24:49 AM
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I would defo start looking at alternative accomodation |
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rafabreeze
Gold Member
757 Posts |
Posted - 01 Feb 2009 : 12:57:34 PM
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| Hi funnily enough the yard I am on is up for sale too - it went up for sale last October at 2.1 Million, there has been absolutely no interest at all. The girl who has the yard has a yearly contract with the owner which is up in May, he said that if it isnt sold by then, then he would renew the contract for another 12 months. APparently this contract is legally binding if any new owners take on the property. Im not looking at any yards at the moment, the way the market is, it could take years to sell - well that what im hoping anyway - Georgina x |
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