Are Boats selling?

[andyc]

I am considering selling my 2001 42ft Flybridge boat.
What is the market like at the moment?
Is the Market poor enough to sit on it another year or so?
Where is best to sell it?
Would it be best to get a broker or DIY using a standard contract?
When is the best time to sell.
Anyone have first hand knowledge of actual purchase price,rather than asking price, for similar sized Flybridge Boat.

It is an unusual boat being a rather spacious for length US made flybridge and unique,I believe, in the UK.
I am aware of what asking prices are for equivalent European boats in the UK and of my particular model in the US,but am just not quite sure where to pitch it on the UK Market.
You cannot compare it with most of the Euro makes as it is an Aft Cabin,nor can it be compared with the likes of Broom/trader etc as although closer in layout,is not of the same quality.
I am very realistic pricewise and dont want the Boat sitting around for years.Plan is to have it sold by April and out in a smaller boat around the same time.

Guidance would be helpful.

 

[sailorman]

Yes Fox`s Boat Sales have just sold quit a few. Stock`s are getting low by the look of the sales area

 

[AIDY]

the right boat at the right price will sell. do you intend to get out of boating (you need to weigh annual mooring fees up against a sensible selling price) or are you simply upgrading.

I sold a boat recently through Apollo duck on the internet... I also used The Yacht market. if you live locally to your boat the private option is worth persuing if you don't might a bit of hassle....

if you live miles away forget it get a broker on the case, so long as you don't mind loosing a percentage.

 

[IAIA3259]

so what is the boat?

 

[Andy Bav]

Anecdotal I know, but when we moved into our berth 5 weeks ago I introduced myself to a neighbour who took our lines as we came in and he said that he had just sold his (Targa 39) within a week. In fact he sold it so quickly the Broker was embarrassed to charge him the full commission and halved it.

According to him the broker said that well presented boats marketed at a sensible price will sell - his ticked both boxes and the majority of the reduction he accepted off the asking price was re-couped through the reduction in brokers commission....

Good luck with whatever you decide..

 

[AIDY]

so what is the boat?

Maxum 4100sca - at a guess - according to the profile

 

[maby]

Like anything, it will come down to price - there's several mobos in that size range that have been up for sale in our marina for many months - I don't know anything like enough about the market sector to judge if the asking price is reasonable or not.

 

[Whitelighter]

If you price it right and present it right boats sell.

If you want an unrealistic price or can't be bothered to tidy it up it won't.

One thing is pretty certain though, you boat isn't going to be worthier next year.

 

[andyc]

I am selling to buy/exchange for a smaller Boat.. as children get older requirements change.Ive had the Boat several years and kids are not interested anymore so just dont need the accomodation of a holiday home any more.We are also a bit tied down by tides that always seem to be at the wrong time and a lower draught boat with sterndrives rather than shafts(although shafts do make handling a doddle)would give us a huge window.

the right boat at the right price will sell. do you intend to get out of boating (you need to weigh annual mooring fees up against a sensible selling price) or are you simply upgrading.

I sold a boat recently through Apollo duck on the internet... I also used The Yacht market. if you live locally to your boat the private option is worth persuing if you don't might a bit of hassle....

if you live miles away forget it get a broker on the case, so long as you don't mind loosing a percentage.

 

[andyc]

I have just spent rather alot having an annual Polish, annoded and weedproofed and I am very realistic as I want to move on.
It may not be worthier next year but if the economy continues with what it appears to be doing and the Italians dont mess it all up
,confidance,finance availability and personal financial well being may return slowly over the next year or so and have an effect on selling prices.

If you price it right and present it right boats sell.

If you want an unrealistic price or can't be bothered to tidy it up it won't.

One thing is pretty certain though, you boat isn't going to be worthier next year.

 

[jrudge]

Having tried to sell a non mainstream boat (Cranchi) in the UK I would imaging that selling a US boat would be difficult.

I tried for 2 years to shift mine. PX to Essex Boat Yards and they sold it - at a good profit - in 2 weeks. So in the boat is not mainstream consider how you position it as well as price.

Essex have people coming through their yard who say "that looks nice and good value - I will have it" just like car dealers. In the UK people look for Fairlines, Princess etc. but less so on obscure brands.

 

[Deleted User YDKXO]

We looked at 2 boats recently in the Med, a very clean Ferretti 72 and a less than clean Ferretti 680 with dodgy paperwork, both from the early 2000's and both have sold recently. I get the impression from brokers that good clean mainstream production boats are selling at the right price but it is still very much a buyers market and the right price is what the buyer thinks he should pay, not what the seller thinks he should get. Apparently, nearly all the distress sale and finance repo boats in the Med which were around after 2009 have now gone so there are no mega bargains left

 

[kanajobe48]

Hi
We are buying up and got guzzumpt on first boat even after deposit paid( it appears contract law doesn't exist!) just done deal on next and good part ex, seems like a good priced boat and good brokers are selling

 

[Thepipdoc]

Sold my boat using Ebay to drive the web traffic to my own boat site (see signature below). In the end I had 3 buyers wanting it and if I had wanted to I could have got more than I sold her for. One of the buyers would have given me the full asking price, or so he said.
There are buyers out there, but for every genuine buyer there must be half a dozen "fender kickers". Unfortunately having to deal with these dreamers is what happens when you cut out the broker. It was well worth it to me to sell without using a broker and I would certainly recommend selling it yourself if you can.
Good luck.

 

[alt]

We looked at 2 boats recently in the Med, a very clean Ferretti 72 and a less than clean Ferretti 680 with dodgy paperwork, both from the early 2000's and both have sold recently. I get the impression from brokers that good clean mainstream production boats are selling at the right price but it is still very much a buyers market and the right price is what the buyer thinks he should pay, not what the seller thinks he should get. Apparently, nearly all the distress sale and finance repo boats in the Med which were around after 2009 have now gone so there are no mega bargains left

This is a fear I have. My only reason for wanting to sell is to travel the world, however I fear that upon my return i'll end up paying more for a similar boat than I sell mine for.... crystal ball anyone?