Originally Posted by Mr Mac
We visited a marina the other day that had a for sale sign on the bow and on the companion way door was a single
page with the description of the boat and a number to call. The only way to read it was to climb aboard.
In a case like that, what would be the correct protocol since the telephone call went unanswered?
I know it seems as though the seller is inviting those interested to step aboard . . . why else would he put the spec sheet where he did?
He may even want
people to board and look around, but I would never assume that, myself. In the scenario you describe, it would seem that you did, in fact, board the vessel without permission or you wouldn't have been able to read the number so you could call it in the first place.
That's trespassing, IMO.
In the situation you describe, there has to be someone nearby holding some measure of authority - a dockmaster or equivalent - who can be asked about the vessel. The seller may have left instructions with him that it's OK for those interested to board and look around.
Or not . . . but at least if that person tells you to go ahead and climb aboard, you've got some cover. If the owner shows up while you're on his vessel and is upset to find you there, you can at least tell him the dockmaster granted permission to board so you could read the number to call.
If all you can say is you had to board to read the spec sheet, so you assumed he didn't mind, you're left to your own devices to try to calm things down. Awkward.
Originally Posted by s/v 'Faith'
I would not board a boat without permission.
I also would not contract
with a "buyers broker" unless you want to add extra expense... ESPECIALLY not for a boat YOU located...
This latter point is probably best covered in another thread (and has been, often), but if the seller has a broker, it's foolish not to have your own, IMO. And no, having a "buyer's broker" does not increase your final cost one cent.
How can that be? Because the typical 10% commission a listing/selling broker will charge comes out of the sale proceeds anyway. If the buyer has a broker, his commission comes out of that 10% cut due the listing/selling broker at the close. If the buyer has no broker looking out for his best interests, it simply means the seller's broker keeps the entire 10%.
The buyer saves nothing by not using a buyer's broker.
Is it likely that the seller has placed his asking price
at a point that factors in the commission that will be deducted from the sale proceeds? Of course, but so what? There will be (or should be) a lot of negotiation between discovering the boat and the closing of the sale . . . unless a person is confident of his or her ability to effectively carry his/her end of that log, then having a competent broker to do so is imperative.
If the seller doesn't have a broker, then handling the entire process just between the seller and buyer is fine - as long as said buyer is
confident about his ability to negotiate and
understands contracts and
recognizes that the seller knows a lot more about the vessel than he does and is only going to reveal as little as possible about its flaws and
insists on obtaining a thorough, acceptable written survey and
financing (if it isn't a cash deal) at an acceptable rate before a sale can close . . . then there's no good reason to obtain a broker's services.