Want To Buy: Owners = Headaches

[BBill]

The sailboat and motorboat market is cooling off in Florida regardless of the rest of the world. Dealers who had almost zero inventory now have boats sitting for weeks to months. There are many $50k boats available here so my take is you have unrealistic expectations on what $50k will buy.

[Shrew]

Originally Posted by valhalla360

Technically true but with exceptions in practical application:
- Assuming you aren't trying to sneak something past the buyer, providing an old survey with notes on updates, heads off wasting a lot of time and renegotiations after you have told other potential buyers there is a deal in the works. If the old survey shows a bit of core rot in a section of deck and you made them aware of it at the time of offer, they can't use it as a negotiating point after they do their own survey unless something has significantly changed.
- Kind of hard to negotiate over issues found without sharing the new survey results. Also, leaves a bad taste with the seller of you are evasive. If you are walking away from the deal, might not be an issue but if it's not a deal breaker issue and you want to negotiate, if you give them the run around claiming they aren't entitled to see it...don't be surprised if the seller is less willing to deal. You don't have to give them a copy but sitting down with them and showing it to them seems pretty reasonable if everyone is being honest.

Yes, ultimately, you should get your own survey and you are responsible for the cost.

We've bought every boat that we've reached the point of survey but if I was walking away with no bad feelings toward the seller, I might offer it to them for $100 to recoup some of my costs. That might have value to a buyer who doesn't want to pay for a survey and probably satisfies bank/insurance requirements.

You can share summaries, findings or snippets without surrendering the entire survey. If the seller chooses to have a survey done and share that is up to the seller.

It is rare to have a seller survey a boat and rare to have a seller offer it to a prospective buyer.

The OP is expressing frustration in not having sellers supply survey's when it is simply an unrealistic expectation. This isn't to say it can't or hasn't happened, only that one should understand the process and set their expectations accordingly.

[Dave9111]

The high price of fuel is cooling off the boat market.

The number of powerboats for sale in my marina is at an all time high.

1 mpg at $4+ dollars per gallon seems to be an issue.

Sailboats not so much.

[MrMagoo2]

Selling a boat right now

BUYERS = HEADACHES
maybe we should conclude with

!!!!!!!!!!!!!!!!!!!! BOATS = HEADACHES !!!!!!!!!!!!!!

[valhalla360]

Originally Posted by Shrew

You can share summaries, findings or snippets without surrendering the entire survey. If the seller chooses to have a survey done and share that is up to the seller.

It is rare to have a seller survey a boat and rare to have a seller offer it to a prospective buyer.

The OP is expressing frustration in not having sellers supply survey's when it is simply an unrealistic expectation. This isn't to say it can't or hasn't happened, only that one should understand the process and set their expectations accordingly.

Most sellers have a survey. Just not necessarily one that's brand new. If you are paying attention, you should be able to notate the key issues that have arisen since the old survey.

If the seller isn't trying to hide problems and the buyer isn't trying to play the seller, there's no good reason not to share and it will make the final sale go smoother because there are no surprises.

Yes, legally, neither has to share anything.

[Lepke]

The boat market prices are not set by your budget, but by what other people are willing to pay and what the owner wants.
Showing a boat is a PIA. Unless you're very careful, 99% of the lookers don't have any money and just want a mental picture for their dream. Some are just nosy. If your boat is away from where you live, showing it can be expensive.
Brokers that don't pass on your offer probably know something you don't. Like the minimum the owner will accept.

There are probably several boats within your budget in Cape Coral/Fort Meyers.

[Sailorman Ed]

I have purchased 3 and sold 2 cats over the past 15 years. I got a survey ( wasn't there = mistake ) for only the first one and realized that they aren't very useful - they made several easy mistakes. Second cat was WAY under market and after about 7 years, I sold it for 50% over purchase price. Yes, I was asked to provide a survey but didn't have one. Even if I had, I would not have provided one. Third (current cat- Gemini 105Mc ) I bought sight unseen on ebay. Each time, I bought the only boat I was looking at. The new owners of cat #2 told me they had looked at 100+ boats! The key is to know what you want and understand what your budget will allow. Cat #2 - I had a prospective buy fly in from Mexico after he had plenty of pics including several videos. He was on the boat less than 5 min and left saying it wasn't what he was looking for.

Buyers = Headaches

[Yuksel]

https://www.yachtworld.com/boats-for.../?length=40-40

[Yuksel]

Originally Posted by Caribbeanlife

Problems that i have come across looking for a boat:
* Boat is way over-priced (by a long ways)
* Boat is not as advertised (pictures of not the same boat)
* Owners who dont respond to messages/calls/texts
* Owners who live in another state and cant show boat (over a month some)
* Owners that dont show up for showing (and cant access boat without)
* Owners that wont share a recent survey
* Brokers that refuse to give owner your offer
* Brokers that demand a contract in perpetuity (lasts forever)
* Brokers that are just immoral (not gonna explain)

I have been dreaming about looking for and buying a boat for many years and its been a lot of headaches. I have logged over 14k miles looking for a boat and im slowly running out of steam! Im living in a small RV with my dog in Florida.
Im looking for a -40 foot cruiser. $50k budget HELP

https://www.yachtworld.com/boats-for.../?length=40-40

[boatman61]

Hey bud.. its my boat and how I sell it is up to me..
Don't like it.. Bog orf..

[Yuksel]

Originally Posted by boatman61

Hey bud.. its my boat and how I sell it is up to me..
Don't like it.. Bog orf..

I apologize my friend, I thought you were looking for a 40 feet boat, I didn't know you were selling your boat

[boatman61]

Originally Posted by Yuksel

I apologize my friend, I thought you were looking for a 40 feet boat, I didn't know you were selling your boat

Response was to OP.. no apology needed..

[carlosproa]

If you live in FL there are countless of 40 ft boats that can be negotiated down to your $40K
I have not seen your response yet and hope you are not a troll
But 30 seconds on my phone got me lots of candidates
Here is one for you:

[letsgetsailing3]

[QUOTE=carlosproa;3703710]If you live in FL there are countless of 40 ft boats that can be negotiated down to your $40K
I have not seen your response yet and hope you are not a troll
But 30 seconds on my phone got me lots of candidates
Here is one for you:



I think the problem was with his wish list and desired condition.

Any boat of that size is likely to need some investment, so 40K all in seems a bit ambitious.

But you can't blame a girl for trying.

[BBill]

[QUOTE=letsgetsailing3;3703715]

Originally Posted by carlosproa

If you live in FL there are countless of 40 ft boats that can be negotiated down to your $40K
I have not seen your response yet and hope you are not a troll
But 30 seconds on my phone got me lots of candidates
Here is one for you:



I think the problem was with his wish list and desired condition.

Any boat of that size is likely to need some investment, so 40K all in seems a bit ambitious.

But you can't blame a girl for trying.

Cruisers return here all the time and unload their fully found boats for cheap. They live in other states or countries and want to sell quickly to get on with their lives. Most of them can afford (and expect) to lose money. We are starting to see the early covid dropouts returning and selling which is adding to the mix. You have to be here and act fast to get a decent 60-70k boat for 40k...many are picked up by flippers for resale. A few of my boats were purchased this way...at 40-50% below market.