Brokerage rates

[jimmy_the_builder]

All that aside, spill the beans, JTB: what is there round the corner?

Thanks for all the posts, sorry for the delay in replying to the thread, have been travelling. Currently deep in Scottish border country.

I'm afraid the answer is that there's nothing (boaty) round the corner, I've got a big property project on in the UK and I'm realising that I have very little spare time this year to get to the boat- so after 10 years (!) of ownership it is time to move it on. When I come back, it's either going to be a smaller towable day boat, or a trawler (I really like that Navigator 53 that I saw in SF a couple of weeks ago, that sort of thing would be a very fun project for the Loop).

 

[jimmy_the_builder]

Forget the brokerage fees and ship it to the states.

Boat.co.uk or Ancasta will do far better than that won’t they? I think we paid Ancasta 5 or 6 percent (plus VAT) for Breaking Bad - boat went quickly with no problems - good, qualified clients.

I did look properly at taking it over to the US; it's less with Sevenstar than you might imagine. But a Targa 40 is just wrong sort of boat for extended stays aboard in a tropical (FL) climate, and outdrives for lengthy low speed trips up the intracoastal just feels like hard work. Shafts and rudders a much better proposition.

I'm sure BCU could beat 10%+vat but given that my boat is all set up for and located in the Med, it doesn't immediately make sense to truck it back to the UK (at a cost of £5k+) to sell it. Plus also if Brexit does ever happen, it would make more sense for the boat to be outside the UK at that point.

 

[jimmy_the_builder]

The med has always carried a 10% levy .
TBH Jimmy I bet your boat would sell very quickly on a site like Boats and Outboards , Apollo Duck etc or even eBay , unless of course you don’t want the hassle .

Thanks Paul but I spose the problem I'm seeing is that the boat is 750m away and organising viewings etc is quite tricky. It would be easy enough to write a nice listing and take a couple of photos but unless I happen to find a UK buyer that wants a SoF boat and is ready to travel to see it, logistically it would be quite hard work. Hence a broker.

 

[jimmy_the_builder]

+1

don't care/don't know the brokerage rates, but I'd be interested to know what's coming and if it's going back to the UK for "treatment" which gave us a couple of excellent threads back then

V.

Tee-hee, thanks Vas but sorry to disappoint, no immediate floating project to reveal.

 

[jimmy_the_builder]

Rumour in Wales is he is having ,JFM,s Princess

Have you met Jfm's Princess then?

 

[jimmy_the_builder]

Jimmy, we paid 5% inc VAT using Seaside in Beaulieu. However, I think Bertrand halved his fees as we sold in less than 24 hours of listing. A broker in Beaulieu is probably too far for you.

Thanks S, that's helpful. I think you're right though, Beaulieu is an hour by road from PV and too tricky for the broker to get there.

 

[vas]

Tee-hee, thanks Vas but sorry to disappoint, no immediate floating project to reveal.

bitterly disappointed J.

anyway, hope the property project is done and over quickly and then we can have another buying/rebuilding thread from you.
We may even get to know the loop then, as the other forumite currently doing it is too busy enjoying to post anything

V.

PS. if you want any hard working, young architects to work on this project of yours, give me a shout we have v.good gals and guys (graduates and u/g) willing to work abroad, even in the UK for some odd reason

 

[MapisM]

if you want any hard working, young architects to work on this project of yours, give me a shout we have v.good gals and guys (graduates and u/g) willing to work abroad, even in the UK for some odd reason

Tsk, it's an odd world indeed that we are living in, driven by money rather than common sense.
Otherwise, you'd expect anyone wishing to move from the UK to Greece, not the other way round...!

 

[MapisM]

I'm afraid the answer is that there's nothing (boaty) round the corner, I've got a big property project on in the UK...

Aha, I see. All the best for your project, then.
I hope this will not affect also your spare time for biking.
Is the tour through Lake Como in Sep still in the cards?
I was hoping to catch up with yourself and that other forum hooligan by then...

 

[petem]

J, I understand that you may not want the hassle of trying to see it yourself but it's the optimum time to sell it so I wonder if you might get an offer straight away if you posted on the Fairline Facebook Groups (the one that you're a member of already and my own).

Also, what are the asking prices like for France, compared to the UK. Seems to be 4 boats for sale in the SofF sub £110k although none of them are as good as yours (the one most likes yours is asking £150k). Prices seem to be a lot stronger in the UK.

Also, is it worth speaking to Nick to see if they have an agent in France who could conduct viewing with them selling it?

Considering the above, if I wanted it sold for a good price, I think I'd truck it back to the UK.

 

[Hurricane]

Considering the above, if I wanted it sold for a good price, I think I'd truck it back to the UK.

And then, if Brexit happens, it could be worth 20% less to someone wanting it in the Med.
Only COULD - nobody really knows.
I agree with Jimmy, sell it in the Med.

 

[Whitelighter]

Dont forget BCU are also very med based - ok not SoF but Ballearics and Denia. Not a big trip so they have localish med buyers

 

[Deleted User YDKXO]

I'm sure BCU could beat 10%+vat but given that my boat is all set up for and located in the Med, it doesn't immediately make sense to truck it back to the UK (at a cost of £5k+) to sell it. Plus also if Brexit does ever happen, it would make more sense for the boat to be outside the UK at that point.

I know its 16yrs ago but when I put my Med spec Targa 48 up for sale in SoF I got zero interest for months. I ended up shipping it back to the UK on a cheap return load basis and got an offer within days of it landing in the UK. In the end £5k is neither here nor there if there's a better chance of selling your Targa in the UK with a broker who probably charges you a lower commission anyway. Not only that but of course you'd get some money back on renting your berth in PV

Having said that, I think in your situation I'd leave it in PV at least for the summer. Now is the boat selling season in the Med and you might get lucky but if she doesnt sell then at least you can enjoy the season in the Med and maybe consider bringing her back to the UK in the autumn for sale

 

[Seastoke]

Have you met Jfm's Princess then?

I don’t think she is on grinder ,lol

 

[jimmy_the_builder]

I’ve only sold 3 on brokerage but always do a number not a rate. Iirc €20k for the first sq58, £30k for second one etc.

I think it focuses mind of broker when they see well presented boat and a meaningful amount of money (to them). I totally don’t buy any argument that they have better incentive to get more money for the boat if they are on a %, because the marginal extra to them of getting another 25k for the boat (or whatever) isn’t meaningful. Their incentive in my mind is to get a sale at a price I’m happy with.

I think this method ends up in a lower % anyway.

In all my cases I consider it money very well spent. I don’t agree that the broker does nothing (at least, in the case of a good broker).

This makes sense. For my lower-value boat, at 10%+tva the commission is a chunky €20k; I have countered to the broker (who you know - jb) and said I'd be happy to pay €10k, which I would. No reply yet.

 

[jimmy_the_builder]

bitterly disappointed J.

anyway, hope the property project is done and over quickly and then we can have another buying/rebuilding thread from you.
We may even get to know the loop then, as the other forumite currently doing it is too busy enjoying to post anything

V.

PS. if you want any hard working, young architects to work on this project of yours, give me a shout we have v.good gals and guys (graduates and u/g) willing to work abroad, even in the UK for some odd reason

Thanks for the offer Vas but the design work is all done, piling is complete, foundations built and we start blockwork next week. So unless they want to be labourers rather than architects then I'm afraid there is no opportunity. Nice idea though.

 

[jimmy_the_builder]

Aha, I see. All the best for your project, then.
I hope this will not affect also your spare time for biking.
Is the tour through Lake Como in Sep still in the cards?
I was hoping to catch up with yourself and that other forum hooligan by then...

Hi P, bike trip very much still on - very much looking forward to it and to meeting up with you in September.

 

[jimmy_the_builder]

J, I understand that you may not want the hassle of trying to see it yourself but it's the optimum time to sell it so I wonder if you might get an offer straight away if you posted on the Fairline Facebook Groups (the one that you're a member of already and my own).

Also, what are the asking prices like for France, compared to the UK. Seems to be 4 boats for sale in the SofF sub £110k although none of them are as good as yours (the one most likes yours is asking £150k). Prices seem to be a lot stronger in the UK.

Also, is it worth speaking to Nick to see if they have an agent in France who could conduct viewing with them selling it?

Considering the above, if I wanted it sold for a good price, I think I'd truck it back to the UK.

As far as I can tell, the cheap stuff in SoF is very rough indeed; £150k seems a bit strong for a T40 to me, even one with an extended bathing platform . I'm ok writing up a spec list and taking a couple of pics but it's the logistics of dealing with viewings that makes it difficult to handle the whole transaction yourself.

 

[jimmy_the_builder]

Having said that, I think in your situation I'd leave it in PV at least for the summer. Now is the boat selling season in the Med and you might get lucky but if she doesnt sell then at least you can enjoy the season in the Med and maybe consider bringing her back to the UK in the autumn for sale

Yep, and this is my thinking also. Boat is serviced, polished, anitfouled and fully in commission. I'm happy to put it up for sale now, but I don't expect it to sell at all quickly so am planning to continue to use it for the summer. If we get to October and I still own it then at that point perhaps I'll look again at getting Russ at Coast 2 Coast to bring it back again for me.

 

[Nigelpickin]

I did look properly at taking it over to the US; it's less with Sevenstar than you might imagine. But a Targa 40 is just wrong sort of boat for extended stays aboard in a tropical (FL) climate, and outdrives for lengthy low speed trips up the intracoastal just feels like hard work. Shafts and rudders a much better proposition.
.

Yup - I’ve got a mate who’s been quoted 22k US to ship his 45’ catamaran to Gib, from Miami - almost cheaper for him to ship it than three weeks of fuel, skipper and crew - surprising good value.

Yup, it would be out of place anywhere north of South Florida, we passed a few SS boats - half on the plane - they just look out of place - not sure if you’ve ever seen this site - a lot of loopers buy and sell through them - plenty of interesting projects - some at sensible prices....

http://www.curtisstokes.net/buy-trawlers-for-sale.html