Considering purchasing a Nautitech 475 catamaran

[DeValency]

If this is the make and kind of cat you are interested in and most important ***if a good survey was made***, confirming a good structural and mechanical shape, rigging etc., go for it.

Every boat need good maintenance and upgrades over the years and if the core is good, new engines etc. you'll have some extra cash for additional upgrades and repairs - and these would come at any case quite soon.

As for any future resale value - the less you pay on the purchase the less depreciation you can expect.

Best of luck!

[cpisz]

Thanks everyone for your comments. The boat is under contract and will be hauled for survey Sept 14th. That is the earliest I could currently get. Hopefully everything checks out. The surveyor gave me some good history on the boat and construction. He spent alot on time of the phone with me essentially for free.

I plan to live aboard with my girlfriend and her two kids(partime). It is a perfect platform for that as we get separation in a cat.

[ausnp84]

Originally Posted by cpisz

Thanks everyone for your comments. The boat is under contract and will be hauled for survey Sept 14th. That is the earliest I could currently get. Hopefully everything checks out. The surveyor gave me some good history on the boat and construction. He spent alot on time of the phone with me essentially for free.

I plan to live aboard with my girlfriend and her two kids(partime). It is a perfect platform for that as we get separation in a cat.

Awesome mate! Fingers crossed all goes well.

N

[Tin Tin]

The surveyor you are talking to, was he appointed by you and do you plan to be there for the survey and sea trial?

[cpisz]

They this did not play out well. There is only one boat yard in the area that could haul the boat and they were booked out 4-5 weeks. Surveyors also booked out. So I could not complete a survey by the acceptance date. The seller did not extend the date so I had to reject the boat. Now the boat is relisted at a lower price. Red flag?? Why would they not extend the date? Did the seller think that I would buy the boat using the existing survey and was afraid of a new survey? Crazy.

[ausnp84]

Originally Posted by cpisz

They this did not play out well. There is only one boat yard in the area that could haul the boat and they were booked out 4-5 weeks. Surveyors also booked out. So I could not complete a survey by the acceptance date. The seller did not extend the date so I had to reject the boat. Now the boat is relisted at a lower price. Red flag?? Why would they not extend the date? Did the seller think that I would buy the boat using the existing survey and was afraid of a new survey? Crazy.

It could be a million reasons... the seller could just need the money and since you couldn’t complete, has relisted it for a more competitive price.

Can you book the surveyor / lift out 5 weeks in advance and let the seller know you’re still interested? Let’s be honest - second hand boats aren’t exactly flying off the shelf at the moment and it’s a buyer’s market.

N

[barnakiel]

Originally Posted by cpisz

(...)



Red flag?


(...)

No. Much rather hard reality and an opportunity (assumed the boar is fine).


Lower price? Place another bet, LOWER.


b.

[DeValency]

Originally Posted by cpisz

They this did not play out well. There is only one boat yard in the area that could haul the boat and they were booked out 4-5 weeks. Surveyors also booked out. So I could not complete a survey by the acceptance date. The seller did not extend the date so I had to reject the boat. Now the boat is relisted at a lower price. Red flag?? Why would they not extend the date? Did the seller think that I would buy the boat using the existing survey and was afraid of a new survey? Crazy.

The more likely answer is that the seller is under outstanding pressure to sell. As the price dropped by $10K, and the basic low asking, you can now afford to:
1. Make a NEW conditional offer
2. Find a survayor, even if you need to pay extra fee to fly him/her over.
3. Hard to believe a boatyard cannot lift the boat for an hour during their lunch break, hanged on the slings for the hull survey and launch. Alternatively - not ideal, hire a top notch experienced local diver to work with your survayor.

Best of luck!

[Captain Bligh]

Originally Posted by ausnp84

Let’s be honest - second hand boats aren’t exactly flying off the shelf at the moment and it’s a buyer’s market.

N

That, most definitely, is the least true statement I have read on this forum in a long time.

[barnakiel]

Originally Posted by Captain Bligh

That, most definitely, is the least true statement I have read on this forum in a long time.

That's probably most exaggerated headbanging I have seen at this forum today!


;-)


In the EU the s/h market is awash with boats that nobody wants. They do not sell because their owners used what is elsewhere known as 'financing' and these people fail to understand that their 10 y.o. boat is no longer worth $$$ they paid plus the $$ interest they paid in the financing process.


I know some US posters here say s/h boats in the US sell very well. Good on you. Congrats. Just do not assume this is the situation everywhere.


b.

[DeValency]

Originally Posted by barnakiel

That's probably most exaggerated headbanging I have seen at this forum today!


;-)


In the EU the s/h market is awash with boats that nobody wants. They do not sell because their owners used what is elsewhere known as 'financing' and these people fail to understand that their 10 y.o. boat is no longer worth $$$ they paid plus the $$ interest they paid in the financing process.


I know some US posters here say s/h boats in the US sell very well. Good on you. Congrats. Just do not assume this is the situation everywhere.


b.

There is another thread these days, for thos e interested: https://www.cruisersforum.com/forums...-new-post.html

Rest assured it is just the same case in the US, or I would say - even worse as the level of financing people are taking is ridiculously high and as many are already overloaded with other loans, overused credit and very low level of savings (if at all) and a very limited job market security.

But some owners and brokers love to claim the market is (always) really on the high demand. Just the way hypes and spins are created at uncertain economical situations (not to say a 100% assured major recession), until the unavoidable crash to reality (vs. the reality show...).

[Captain Bligh]

Originally Posted by barnakiel

That's probably most exaggerated headbanging I have seen at this forum today!


;-)


In the EU the s/h market is awash with boats that nobody wants. They do not sell because their owners used what is elsewhere known as 'financing' and these people fail to understand that their 10 y.o. boat is no longer worth $$$ they paid plus the $$ interest they paid in the financing process.


I know some US posters here say s/h boats in the US sell very well. Good on you. Congrats. Just do not assume this is the situation everywhere.


b.

Sorry. I assumed we were talking about the US market. It really is insane here. I can elaborate more if you want by PM.

[ausnp84]

Originally Posted by Captain Bligh

Sorry. I assumed we were talking about the US market. It really is insane here. I can elaborate more if you want by PM.

Haha no need for an apology!��

The US second-hand market generally seems a lot more buoyant than what we have over this side of the Pond, especially at the moment with over-leveraged individuals and everything going on.

That being said, I am surprised this boat hasn’t sold already though, given the size, work done and price.....

N

[smj]

Originally Posted by ausnp84

Haha no need for an apology!��

The US second-hand market generally seems a lot more buoyant than what we have over this side of the Pond, especially at the moment with over-leveraged individuals and everything going on.

That being said, I am surprised this boat hasn’t sold already though, given the size, work done and price.....

N

I emailed the broker and requested the 2019 survey to which I’ve heard nothing back.
Would that be an unmotivated salesman or is that standard procedure?

[ausnp84]

Originally Posted by smj

I emailed the broker and requested the 2019 survey to which I’ve heard nothing back.
Would that be an unmotivated salesman or is that standard procedure?

No idea! My first boat was via a broker and he was really good (Florida). Same for the next one altho that was a serious project and a very motivated broker (UK coming into winter). After that I started buying direct from owners and the process is so much easier, in addition to being able to get answers straight from the horse’s mouth.

N