Originally Posted by tuffr2
Offer 1/2 the asking price. Is that a rule that works? If so I may try it and report back.
Tried and True!
The last time I was searching for a boat, I finally had a short list of three good boats I liked. I was totally honest with each of the three owners...I was offering half their asking prices, and I would buy the first who accepted my offer (sent my email). The phone
started ringing within an hour...two of the three were eager to take my offer. And they were not sour about it, but glad to have a buyer so that they could stop paying for dockage, insurance
, and maintenance
of a boat they did not want to own anymore. (Note: closing date would be Canada
Day, July 1st...the date summer dockage fees
...non-refundable... are due in my area...if they didn't sell to me, they could realistically expect to pay another year of ownership)
And when I sold my boat recently, I put it up for sale
in July. And although I later removed the dinghy
and some other gear
, the final sale
price was 40% less than my original ask. As soon as the sale
was final, I was able to cancel my winter haulout and storage
(close to $2k), got my winter storage
deposit back (cash into my pocket), and got a refund on my insurance
. But what I noticed most was that I could stop going to the local boat shops/hardware stores, where I would spend $20/$50/$200 every time I needed some oil/antifreeze/hardware, which seemed to be about once a week. It was like I quit smoking or something...for once my money
stayed in my pocket for while rather than tossing it into the boat, like usual.
By way of full disclosure, here are some actual offers I made:
Tanzer 22...asking $6,000...offered $1800...accepted!
25...asking $12,000...offered $1000...accepted!
Paceship 29...asking $6,000...offered $100 (a hundred)...accepted!
All these boats needed major cleanup, but were well built production boats that I sailed withing days of purchase
More than once I inspected a boat that I chose not to buy because of a major defect (like engine
won't run), only to have the owner offer me the boat FREE. There are some boats I would not accept even for free. I want to sail.
However, I have also paid FULL ASKING PRICE when I saw a C&C27mk4 in excellent condition at a reasonable price. Two years later I sold that boat for 10% more than I paid. Same goes with a beautiful Hunter
Legend 35.5 I bought in Annapolis
and trucked/imported into Canada
One important fact...I never bought a boat because it was cheap
...I bought boats I wanted to sail, and checked over things like through hulls, fuel
, structure, and anything safety
related myself. More than once this saved my life for sure.
I have owned 8 sailboats, and just starting to look for number 9. Why so many boats you may ask. To be honest...I'm not rich. And I love to sail. These boats have given me the adventures of my life, more stories to tell my children
than I can tell, and more fun than you can imagine. Sure, it helps to have deep pockets if you want to sail. But as I have said over and over again, you don't need money
to go sailing. Trying is the hardest part.