alfie
New member
Found the boat of my dream, on the books with a broker. Made offer to broker at boats true value. Offer not accepted. Hurdle, 10k Brokers fee. All parties to lose out . Particulaly the buyer and the seller. Very depressed!
Also Depressed
- Thread starter alfie
- Start date
coliholic
New member
Track down seller, do deal direct with him and cut out the broker. If the broker finds out, not your problem?
alfie
New member
See "Pipedream" posted 17/10
oldgit
Well-known member
Need to be alone on boat.Somewhere is old bill out of date certificate piece of paper with clue to owner.look behind chart tables bunks lockers anywhere that ridy uppers may have missed.Several boats I looked at had owners name in warranties in equipment manuals left on board.
Just hold tight dear it will not be so rough when we get round the corner,trust me.
Just hold tight dear it will not be so rough when we get round the corner,trust me.
byron
RIP
Don't weep my sweet. If the boat has been on the market for a short while the owner probably will still have high hopes. You may be pleasantly surprised when reality creeps in and they contact you.
BTW. What sort of boat?
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BTW. What sort of boat?
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alfie
New member
Targa 37 with KAD 44s
DepSol
New member
Buy Piers' V39 instead.
Dom
I am boating again ;-)
Dom
I am boating again ;-)
petem
Well-known member
I don\'t understand
So the seller will not accept your offer after the broker has taken his (agreed) commission. Why is the 'hurdle' the broker's fee? Surely the problem is that the buyer wants more than you are prepared to offer?
A warning. Marine Sales, Peters and Ancasta have all posted messages on this forum in the past.
So the seller will not accept your offer after the broker has taken his (agreed) commission. Why is the 'hurdle' the broker's fee? Surely the problem is that the buyer wants more than you are prepared to offer?
A warning. Marine Sales, Peters and Ancasta have all posted messages on this forum in the past.
oldgit
Well-known member
Re: I don\'t understand
The problem is not the brokers fee but the optimistic prices suggested by brokers,with their fee quite correctly added on top.Unless very sort after boat or silly keen to buy newbie I reckon to deduct about 20% or 30% from asking price to arrive at price boat will actually sell at when realiity finally arrives.Still that is the way the game is played in the boating world for some curious reason.I bet a large number of the boats I went to look at 18 Months ago are still up for sale.
Any boat is worth only what someone is prepared to pay for it.IMHO
Just hold tight dear it will not be so rough when we get round the corner,trust me.
The problem is not the brokers fee but the optimistic prices suggested by brokers,with their fee quite correctly added on top.Unless very sort after boat or silly keen to buy newbie I reckon to deduct about 20% or 30% from asking price to arrive at price boat will actually sell at when realiity finally arrives.Still that is the way the game is played in the boating world for some curious reason.I bet a large number of the boats I went to look at 18 Months ago are still up for sale.
Any boat is worth only what someone is prepared to pay for it.IMHO
Just hold tight dear it will not be so rough when we get round the corner,trust me.
simongoldthorpe
New member
Re: I don\'t understand
20 to 30% sounds a bit steep. Do the majority of people really add this to the true value?
20 to 30% sounds a bit steep. Do the majority of people really add this to the true value?
byron
RIP
Re: I don\'t understand
20-30% sounds steep to me too. I could maybe go along with 7½% as an average.
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20-30% sounds steep to me too. I could maybe go along with 7½% as an average.
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hlb
RIP
Re: I don\'t understand
Dont see the problem. Blokes entitled to ask whatever he wishes. If it's far to much for you, you just dont bother looking, Or look but dont bother making an offer. No ones going to accept an offer 20-30% less. It's an insult. Keep an eye on it, till it gets more reasonable. Good idea to try to find out who owns it though. How about dropping a few notes about in case he comes back. Bit like phone numbers in telephone boxes!!
<font color=red>The X Invisible White Man/forums/images/icons/laugh.gif<font color=blue>Haydn
Dont see the problem. Blokes entitled to ask whatever he wishes. If it's far to much for you, you just dont bother looking, Or look but dont bother making an offer. No ones going to accept an offer 20-30% less. It's an insult. Keep an eye on it, till it gets more reasonable. Good idea to try to find out who owns it though. How about dropping a few notes about in case he comes back. Bit like phone numbers in telephone boxes!!
<font color=red>The X Invisible White Man/forums/images/icons/laugh.gif<font color=blue>Haydn
BarryD
New member
Re: I don\'t understand
Some chap left a note on my boat for me - offering about 40% less than the then asking price said he was my "dream buyer" as he had cash waiting, and would deal without survey and we could cut the broker out. Yer Right. Not so much a dream as a "Nightmare"
I called him and said no, but it would make a stunning deposit - he called me a git and hung up.
So you unscrew this, and put it safely here, then oopps...
All - IMHO, BTW, FWIW and NWGOI
Some chap left a note on my boat for me - offering about 40% less than the then asking price said he was my "dream buyer" as he had cash waiting, and would deal without survey and we could cut the broker out. Yer Right. Not so much a dream as a "Nightmare"
I called him and said no, but it would make a stunning deposit - he called me a git and hung up.
So you unscrew this, and put it safely here, then oopps...
All - IMHO, BTW, FWIW and NWGOI
tripleace
New member
Clarify
has you offer been submitted to owner ?
If it has and been turned down then no problem. The owner taking advice and his/her own financial situation feel they can say no to your offer.
If broker has not submiited your offer then thats a different problem.
just because you think its worth less does not make it right. At the end of the day its worth what someone is willing to pay and what someone is willing to accept.
Many items are worth very little but the owners reach a point whereby they keep the items rather than sell them at a low price.
<A target="_blank" HREF=http://www.boating-ads.co.uk/365.html> Triple Ace Link</A>
has you offer been submitted to owner ?
If it has and been turned down then no problem. The owner taking advice and his/her own financial situation feel they can say no to your offer.
If broker has not submiited your offer then thats a different problem.
just because you think its worth less does not make it right. At the end of the day its worth what someone is willing to pay and what someone is willing to accept.
Many items are worth very little but the owners reach a point whereby they keep the items rather than sell them at a low price.
<A target="_blank" HREF=http://www.boating-ads.co.uk/365.html> Triple Ace Link</A>
david_e
Active member
Positioning
Some folk just don't want to move on price, and there are many reasons for it, mainly 'cause they are not serious about selling. Unless the model in question is highly desirable or a bargain then nearly all boats go with an offer below asking.
The other factor is the broker, who is paid to get the best price, but also doesn't earn until he sells. Alot of it is to do with postioning; ie if you have one boat only in mind and you want it, unless there are quite a few locally, then he knows you are going to have to buy his so why reduce the price too much.
To save time and heartache, my experience (recently born correct) is to approach the broker with a broad spec of price range and length and ask what he has got that would fit the bill. Obviously your stated price range is lower than dream boat, they will know who is the market to deal, because with most boats there is another purchase on the way, often from the broker. You could also ask how sales of new boats are, and when he says how good they are, ask about part exchanges in the pipeline. You have to help them alomg a little and try and flatter them!
Don't forget that the broker gets many time wasters and is often not able to tell the real buyer amongst them. The skill is in positioning yourself firmly as a buyer, so, if you have a berth and cash let him know but you need to get them "coming" to you, hence the open position. Also, if still stuck on dream boat, give broker a week or so and call saying that you are just about to buy a boat elsewhere but you thought you would see if they have had any offers on dream boat yet and, if not, would they consider your old offer plus a grand or so.
Good luck.
Some folk just don't want to move on price, and there are many reasons for it, mainly 'cause they are not serious about selling. Unless the model in question is highly desirable or a bargain then nearly all boats go with an offer below asking.
The other factor is the broker, who is paid to get the best price, but also doesn't earn until he sells. Alot of it is to do with postioning; ie if you have one boat only in mind and you want it, unless there are quite a few locally, then he knows you are going to have to buy his so why reduce the price too much.
To save time and heartache, my experience (recently born correct) is to approach the broker with a broad spec of price range and length and ask what he has got that would fit the bill. Obviously your stated price range is lower than dream boat, they will know who is the market to deal, because with most boats there is another purchase on the way, often from the broker. You could also ask how sales of new boats are, and when he says how good they are, ask about part exchanges in the pipeline. You have to help them alomg a little and try and flatter them!
Don't forget that the broker gets many time wasters and is often not able to tell the real buyer amongst them. The skill is in positioning yourself firmly as a buyer, so, if you have a berth and cash let him know but you need to get them "coming" to you, hence the open position. Also, if still stuck on dream boat, give broker a week or so and call saying that you are just about to buy a boat elsewhere but you thought you would see if they have had any offers on dream boat yet and, if not, would they consider your old offer plus a grand or so.
Good luck.
oldgit
Well-known member
Re
erhaps in upper price bracket.but.
Way down in the bit of the market where my boats lurk it is quite possible to have very low offers accepted, but only when boat is in need of fair amount of work.
I am certainly not talking about pristine fashionable few months old no hours boats,
but of the 3 or boats involved during my last few purchases offers around 2/3 asking price were accepted.One boat, a Pegasus,was available with an even bigger drop on price unfortunately I had already agreed to buy the princess 33.This was via both brokers and privately.
Either I was very lucky on the last 3 boats or maybe thats all the boats were worth. All were bought during winter months.
Just hold tight dear it will not be so rough when we get round the corner,trust me.
erhaps in upper price bracket.but.Way down in the bit of the market where my boats lurk it is quite possible to have very low offers accepted, but only when boat is in need of fair amount of work.
I am certainly not talking about pristine fashionable few months old no hours boats,
but of the 3 or boats involved during my last few purchases offers around 2/3 asking price were accepted.One boat, a Pegasus,was available with an even bigger drop on price unfortunately I had already agreed to buy the princess 33.This was via both brokers and privately.
Either I was very lucky on the last 3 boats or maybe thats all the boats were worth. All were bought during winter months.
Just hold tight dear it will not be so rough when we get round the corner,trust me.
G
Guest
Guest
Re: I don\'t understand
The reduction of 20% has been suggested in posts of a few months ago.
Robbie W
The reduction of 20% has been suggested in posts of a few months ago.
Robbie W