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Old 06-08-2012, 14:19   #106
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Re: Yachtworld Asking Prices VS Actual Sale Price - or What is the Markup ?

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Originally Posted by terminalcitygrl View Post
I've read and will probably use the following advice if I'm seriously interested in a boat at a distance:

1- hire a local surveyor to go and take a cursory look at the boat, take some photos, etc... and give you feedback.

2- make an offer based on surveyors prelim report & photos

3- negotiate as necessary to get a final price subject to survey

4- fly in and attend comprehensive survey with your surveyor, including a test sail

5- if big issues come up, renegotiate or walk away and if not, close and arrange to get your new boat home.

I think this approach makes sense and is likely the most cost effective for a distance buyer. Just make sure the surveyor is a goodie and you are clear about what specifically you need to know about the boat before making the offer.

Cheers, TCG

What she said.
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Old 06-08-2012, 14:33   #107
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Re: Yachtworld Asking Prices VS Actual Sale Price - or What is the Markup ?

Quote:
Originally Posted by terminalcitygrl View Post
I've read and will probably use the following advice if I'm seriously interested in a boat at a distance:

1- hire a local surveyor to go and take a cursory look at the boat, take some photos, etc... and give you feedback.

2- make an offer based on surveyors prelim report & photos

3- negotiate as necessary to get a final price subject to survey

4- fly in and attend comprehensive survey with your surveyor, including a test sail

5- if big issues come up, renegotiate or walk away and if not, close and arrange to get your new boat home.

I think this approach makes sense and is likely the most cost effective for a distance buyer. Just make sure the surveyor is a goodie and you are clear about what specifically you need to know about the boat before making the offer.

Cheers, TCG
+1.

Since you say all the appropriate boats are hundreds of miles away, be sure you plan (and budget) for getting the boat home. You say you're new to boat buying, but don't say how experienced a sailor you are or whether you're looking for a turnkey boat or one requiring work. If you find the boat you want in New England or Florida, will you sail it home yourself? Get a skipper to deliver? Truck? If the boat isn't ready for a voyage -- and most boats in the age range you're looking will need some work -- what is your plan? Get the work done at a local yard (which can be a bear to supervise), spend your weekends and vacations getting it ready to travel?

This is a long-winded way of asking if you're sure that you can't find what you want on the Chessie among all the thousands of boats there? The after sale logistics would be much easier.
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Old 06-08-2012, 14:53   #108
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Re: Yachtworld Asking Prices VS Actual Sale Price - or What is the Markup ?

Ok guys ... I have a few questions :

1. You are talking about a local surveyor - how can I be sure that the broker, seller and/or surveyor don't trick me ? I assume the yacht brokerage business is a small world unless you fly in someone.

2. What if I don't have any reference for the price. If the boat is a unique build (worst case home built) - how can I estimate its "fair" value (what the boat would be worth if in good condition).

3. Can a professional surveyor estimate the "true" value ("fair" value - "wear" value) assuming there is no fair value reference ?

Thanks in advance.
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Old 06-08-2012, 15:06   #109
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Re: Yachtworld Asking Prices VS Actual Sale Price - or What is the Markup ?

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Originally Posted by Zonker View Post
Ok guys ... I have a few questions :

1. You are talking about a local surveyor - how can I be sure that the broker, seller and/or surveyor don't trick me ? I assume the yacht brokerage business is a small world unless you fly in someone.As with choosing any professional service, looked for good references, ask around, etc. If you can't find someone local you are comfortable with then fly in your own guy. You need to do your own due diligence.

2. What if I don't have any reference for the price. If the boat is a unique build (worst case home built) - how can I estimate its "fair" value (what the boat would be worth if in good condition).Compare the boat with similar production boats with good comparable. Look for boats with same age, hull configuration, rigs, etc. Just like buying a house ... how do you compare one to another there?

3. Can a professional surveyor estimate the "true" value ("fair" value - "wear" value) assuming there is no fair value reference ?Yes, why do you assume there is "no fair value reference"? Just because you can look it up in some book doesn't mean there is no generally recognized value.

Thanks in advance.
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