Cruisers Forum
 


Reply
 
Thread Tools Search this Thread Rate Thread Display Modes
Old 28-04-2020, 14:11   #1
Registered User

Join Date: Sep 2018
Posts: 2
Sell my house for a Swan 48?

We always wanted a water view. At my age (69), this may be the time. I notice a severe drop in prices in all assets, boats and houses and equities alike. I'm sure this topic has been written about but I'm new. Regards.
heritage58 is offline   Reply With Quote
Old 28-04-2020, 14:24   #2
Moderator
 
a64pilot's Avatar

Cruisers Forum Supporter

Join Date: Oct 2013
Location: Jacksonville/ out cruising
Boat: Island Packet 38
Posts: 31,464
Re: Sell my house for a Swan 48?

Assuming you have plenty of assets to cover the rest of your life, sure if that’s the boat that really does it for you, cause while the house may be an appreciating asset, the boat isn’t, plan on losing your butt when you go to sell, and if you don’t, then throw a party.
However whatever boat you buy, before you buy maybe the most important thing you can do is find yourself a real GOOD, HONEST surveyor. Matter of fact I’d make that my first search.
Then be darn sure you don’t talk yourself into any kind of fix it up boat, maybe if you were 50, sure do it then, but if getting on the water is what your after, then you need an honest ready to go boat, and those are harder to find than you might think.
Personally a good buyers broker was a great help to us, and as the seller pays, it doesn’t cost you.
You sure a Swan? Are you already a proficient sailor, I mean years of experience?
a64pilot is offline   Reply With Quote
Old 28-04-2020, 15:25   #3
Registered User

Join Date: Feb 2017
Location: Colorado, Annapolis, Florida, Bahamas, Maine, etc.
Boat: Antares 44i
Posts: 438
Re: Sell my house for a Swan 48?

Quote:
Originally Posted by heritage58 View Post
We always wanted a water view. At my age (69), this may be the time. I notice a severe drop in prices in all assets, boats and houses and equities alike. I'm sure this topic has been written about but I'm new. Regards.
You will sell your house at a devalued price and reinvest in a depreciating asset? If you have noticed a drop in prices of both boats and houses then given that houses tend to appreciate and boats tend to depreciate this would be a poor time to sell your house and buy a boat. I understand it is more complicated than that but unless you already sold your house the premise in your title bears some scrutiny.

Of course buying a boat never makes economic sense and buying one for a low price feels good. I would definitely do it. If the Swan 48 is the right call for you is an open question that needs a lot more background info to hazard a guess.
dougweibel is offline   Reply With Quote
Old 28-04-2020, 15:35   #4
Moderator
 
a64pilot's Avatar

Cruisers Forum Supporter

Join Date: Oct 2013
Location: Jacksonville/ out cruising
Boat: Island Packet 38
Posts: 31,464
Re: Sell my house for a Swan 48?

At 69 you may not have too many years to wait for housing prices to come back. If you have plenty of other assets, why not?
Most that are looking at Swans are not normally people that are overly concerned about money it seems, they are not a budget boat.
a64pilot is offline   Reply With Quote
Old 28-04-2020, 16:23   #5
Registered User
 
Fore and Aft's Avatar

Join Date: Jan 2015
Location: Gympie
Boat: Volkscruiser
Posts: 1,483
Re: Sell my house for a Swan 48?

Heritage 58 to put it politely I think you are mad to sell your house to buy a yacht unless you have a lot of assests.
Two years ago I surveyed a cat an older couple were purchasing after selling their house. That cat never left the dock in two years and now they are selling it so they can buy a house again. They have had to take a big hit on the selling price of the cat and I doubt they will be buying a house in their old neighbourhood.
Surely you can find a cheaper live aboard, unless you want to go cruising?
As for water view plenty of older Australians enjoy water views all year round simply by taking their RV to a beachside park and staying for a few months.

Cheers
Fore and Aft is offline   Reply With Quote
Old 28-04-2020, 16:34   #6
Moderator
 
roverhi's Avatar

Join Date: Aug 2005
Location: Kona, Hawaii, Carlsbad, CA
Boat: 1969 Pearson 35 #108 & 1976 Sabre 28
Posts: 7,355
Send a message via Yahoo to roverhi
Re: Sell my house for a Swan 48?

Don't know where you are at but house prices haven't dropped a nickel in SoCal. Some are staying on the market a bit longer, 2 weeks instead of one day, but houses are selling here. A boat is almost never an appreciating asset and usually the opposite. But who gives a damn if you want a boat. Wouldn't advise putting all your equity into a boat. In fact I'd look to downsize from your current digs so you have something to fall back when your sailing days are over.

Having a few years on you question your choice of a boat. A 48' boat is a lot of boat to handle and a Swan isn't a boat designed for short Handed sailing even for a youngster. Beautiful boat but not one I'd chose unless you are planning to have a permanent crew. They do hold their value better than most as those with the money to buy one usually don't have to worry about saving nickels and can appreciate their quality. Your at an age where tomorrow isn't guaranteed. Waiting for the market to be more favorable could be fatal. Find a good broker who really cares about what you need not the next sale and listen to their advice.
__________________
Peter O.
'Ae'a, Pearson 35
'Ms American Pie', Sabre 28 Mark II
roverhi is offline   Reply With Quote
Old 28-04-2020, 16:51   #7
Marine Service Provider
 
Emmalina's Avatar

Join Date: Jan 2012
Location: Thailand
Boat: Herreshoff Caribbean 50
Posts: 748
Re: Sell my house for a Swan 48?

I don't think asset price comes into it I would say physical condition is the most important factor.
__________________
Steve .. It was the last one that did this !
Emmalina is offline   Reply With Quote
Old 28-04-2020, 18:54   #8
Registered User

Join Date: Jan 2008
Location: SF Bay Area (Boat Sold)
Boat: Former owner of a Valiant V40
Posts: 830
Re: Sell my house for a Swan 48?

What is it you really want?
If it is "just" a view, there are many ways to get that. Condos, hotels, seasonal rentals, RVs, etc.
If you really want to be on the water, and be "water-mobile" then maybe a boat is for you, but ...
In many ways, a boat is a house that can sink. And there are MANY ways a boat can sink if proper maintenance is not accomplished.
Also, sailing is a pretty physical activity. Are you up for it? Can you get adequate crew?
Finally, don't forget that there are other kinds of boats out there. Power boats often more livability for similar sizes. Houseboats are another option if travelling isn't the main objective.
Find some friends with boats and offer to crew. Local yacht clubs are a great resource.
Good luck and have fun.
jamhass is offline   Reply With Quote
Old 29-04-2020, 02:20   #9
Registered User
 
LittleWing77's Avatar

Join Date: Oct 2018
Location: Toronto, Ontario
Posts: 1,436
Re: Sell my house for a Swan 48?

Heritage,

Listen to a64pilot (Post #2) and Fore and Aft (#5) they are both salty dawgs and know whereof they speak.

Good luck,
LittleWing77
LittleWing77 is offline   Reply With Quote
Old 29-04-2020, 05:38   #10
Registered User

Join Date: Apr 2015
Posts: 115
Re: Sell my house for a Swan 48?

This is not a dress rehearsal.
Yes-sell, buy and go.
You will loose money and you will end up dead.
Only one can be influenced, and making money is not guaranteed either.
two-rocks is offline   Reply With Quote
Old 29-04-2020, 07:09   #11
Registered User
 
Saleen411's Avatar

Join Date: Jan 2015
Location: Discovery Bay, CA
Posts: 1,144
Re: Sell my house for a Swan 48?

Personal choice.....

You can put your house up for sale and see what happens. If you can't get the price you want....don't sell. Nothing wrong with putting your house up for sale....I just wouldn't BUY a house right now as its very possible prices will come down......maybe a lot. I've read 20-30% estimates depending on where you live.

Boats.....if you find a good deal after selling your house, again, go for it. Many opine here that boat prices are indeed coming down and MAYBE this fall would be a good time to buy.

Finally, there is only one given......you can't take it with you. If your dream is to be on the water, then by George, that's what you should do while you still have your health.

My goal is to NEVER regret what I DIDN'T do in life.

Cheers and good luck.
__________________
"Man cannot discover new oceans unless he has the courage to lose sight of the shore"- Andre' Gide
Saleen411 is offline   Reply With Quote
Old 29-04-2020, 07:18   #12
Freelance Delivery Skipper..
 
boatman61's Avatar

Community Sponsor
Cruisers Forum Supporter

Join Date: Jan 2010
Location: PORTUGAL
Posts: 25,765
Images: 2
pirate Re: Sell my house for a Swan 48?

Theres a member on CF with a very nice Oyster just over that size..
Drop Kenomac a PM and see if your house value could cover that.. it comes with a Mediterranean view...
__________________


Born To Be Wild.. Double Click on the picture.
boatman61 is offline   Reply With Quote
Old 29-04-2020, 10:33   #13
Registered User

Join Date: Jun 2019
Posts: 6
Re: Sell my house for a Swan 48?

If it doesn’t have to be a Swan 48 then this Swan 46 mk2 is amazing and ready to circumnavigate.

https://www.networkyachtbrokers.com/boats_for_sale/Nautor_Swan_46_II-171499.html/
Dsmnswan is offline   Reply With Quote
Old 29-04-2020, 11:14   #14
Registered User
 
CaptRory's Avatar

Join Date: Sep 2016
Location: SW Florida
Boat: Island Packet 32
Posts: 162
Re: Sell my house for a Swan 48?

I would just say as one that has a few thousand miles them, Swann 48's are wonderful sailing machines! But they are a handful and will require a knowledgable skipper. In fact a crew of three or more for any distances. They sail fast, on a significant heel when on the wind, and require attention to steering due to their deep narrow keel. They are greyhounds with a very powerful 70 foot rig and when things happen, they happen fast. It is possible to crash gybe and loose the rig. But if you and your wife consider yourselves somewhat athletic then go for it. If you want to cruise in your retirement, get an Island Packet. Bullet proof, much more forgiving, designed for couple cruising. If you just want a waterfront boat in retirement, pass on the Swann and get a houseboat.
CaptRory is offline   Reply With Quote
Old 29-04-2020, 11:56   #15
Registered User

Join Date: Feb 2015
Location: Somewhere warm
Boat: Morgan 462
Posts: 1,497
Re: Sell my house for a Swan 48?

Reading the first few posts referencing the age of the OP, I was beginning to be a little depressed since I am older than the OP and can't do any sailing this year since boat is in another country, but physical condition great so far- knock on wood!
Now, I maintain that any boat that you would want to cruise on, can be single handed. It depends on how and where you want to sail, anchor and moor your boat, and how reliable it all is. Think situations ahead, practice away from the crowd, and take a conservative approach. That's why we don't have a spinnaker on our boat, and we almost never even pole the jib. Keep it simple and safe. We probably motor a bit more than those who want to drift around at 3 knots with a gennaker, but it is just a choice that could go either way. When the wind is up and not dead on the bow, we still sail!

As for physical strength, it really doesn't take more than average physical ability at our age to raise and trim a mainsail and jib even with just manual winches, with a good autopilot in control. There are other considerations regarding offshore cruising and age, but that has little to do with boat selection.

Financially, I would not hesitate to buy a very expensive and more beautiful boat, not a Swan but one more conservatively designed and rigged for ocean cruising, if I wanted to take a chance that I would not need most of my financial resources in the event of serious and long-lasting medical care for either me or my wife, or both of us, in the future. Not depending on the gov. for anything.
__________________
No shirt, no shoes, no problem!
waterman46 is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Opinions on Swan 44 vs Swan 441 Jolly Monohull Sailboats 5 10-02-2011 00:19

Advertise Here


All times are GMT -7. The time now is 23:08.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.