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Old 29-08-2014, 21:14   #1
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Making an Offer on a Boat . . .

The scenario:
One afternoon we called on a boat we were interested in purchasing shortly (within a day or so) after it was listed. Listing agent was pretty casual about our interest, and didn't know much about the boat. The broker was going to the boat the next day to "flesh out" the particulars of the boat. We called the next morning to schedule an appointment to see it that day. He stated an offer had been received and accepted the night before. I asked about making a back up offer but he said "it does not work that way" Call back next week.

Seems to me I have purchased a couple of boats, and back up offers were waiting should we choose not to purchase.
Does that sound right? Just seems like something is a little "off" here.
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Old 29-08-2014, 21:55   #2
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Re: Making an offer on a boat . . . something fishy?

Hmm, that is a bit odd, but go ahead, call next week.


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Old 30-08-2014, 03:26   #3
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Re: Making an offer on a boat . . . something fishy?

Scenario 2
Grandpa dies, leaves the boat to the grand kids. Clueless grand kids have no idea of its value so they call the local broker. Broker undervalues it by 50% and calls his brother in law who is looking for a good deal...
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Old 30-08-2014, 09:17   #4
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Exclamation Re: Making an offer on a boat . . .

Monte, that is what I was thinking . . .
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Old 30-08-2014, 09:29   #5
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Re: Making an offer on a boat . . .

Quote:
Originally Posted by monte View Post
Scenario 2
Grandpa dies, leaves the boat to the grand kids. Clueless grand kids have no idea of its value so they call the local broker. Broker undervalues it by 50% and calls his brother in law who is looking for a good deal...
+1

Quote:
Originally Posted by Cyndimarcus View Post
Monte, that is what I was thinking . . .
Smells fishy indeed ... Cyndi... or... Marcus...
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Old 30-08-2014, 10:11   #6
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Re: Making an offer on a boat . . .

I see no reason a backup offer couldn't be done... it helps to keep the original offer/buyer from using the survey to reduce the price. I smell a rat... or a dumb broker.
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Old 30-08-2014, 10:43   #7
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Re: Making an offer on a boat . . .

Cyndi-
iI really doesn't matter. Until there is a leally binding offer and a legally binding acceptance of that offer, you've got nothing and anything goes. And "legally" whatever will vary by state.
Big ticket sales, boat sales, house closings, all fall apart regularly as someone can't get a mortgage, or a board doesn't accept them as buyers, or the phase of the moon changes. If the broker has no interest in taking a conditional offer of any kind, for any reason, there's no way to force it on him.
If you think the broker is screwing around, see if you can run the numbers or the name on the boat and contact the owner directly. Sometimes you can. Otherwise, keep looking elsewhere, and if you call back next week, just bear in mind you're dealing with a player.
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Old 30-08-2014, 14:52   #8
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Re: Making an Offer on a Boat . . .

Shouldn't be difficult to locate seller, but, you never know the entire story, I like to give people the benefit of the doubt. Still . . .
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