Here's a "learning while selling" story:
A few years back when we had already purchased Insatiable II we got serious about selling I-one. I spent a couple of weeks tarting her up, placed all the appropriate ads and waited for the buyers to flock in waving money
A fair number of lookers, one who would have bought the boat
but lacked adequate financing
, no real action. We wanted to go offshore
in the new toy, so reluctantly placed I-one in the hands of a broker
we knew. He said "ya know, I think the lack of response was your price
point... it's so low for a boat
like this people think there's something wrong with it". " Hmmm... oh, ok, I guess I would take more, so go for it", I said. So he bumped the listing from 95K (my price) to 125K (his price). Off we went to New Caledonia
. A couple of months pass, and I received an e-mail from him : "Jim, we're not getting any action on your boat. I think that you are asking too much for her".
Well, she finally sold
18 months after my initial efforts, for 87K, and I was damn glad to get it.
I don't think the broker
was dishonest or really misleading, but it surely was a lesson for me. 18 months of marina fees
and grudging upkeep on my part were a real drag. A dose of fiscal reality early on would have been a better idea IMO.
I have no intention of selling I-2 until I'm taken off in a pine box or wrapped in my hammock and tipped over the side (hope against hope), so maybe I'll never have to make this sort of decision again!