Damsel in Distress!

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Sam White

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Hi all, I wonder if anyone can help me. I have recently inherited my father's boat, a Sea Ray 390 and I need some advice regarding selling it. The boat is currently moored on the Norfolk Broads and is not really a "broads" boat. I'd like to know more about surveys, brokering, preparation for sale and international advertising. If anyone can help, I'd be most grateful for even the tiniest tip. Thank you. If I have posted this thread in the wrong place, I apologise and hope that someone can direct me to the correct forum.
 
Hi Sam. Might be an idea to contact a broker as they should be able to give you all the pointers you need to effect a sale, especially as it sounds like (with respect!) you don't have a clue where to start.

There are a few on the Broads, like Norfolk Yacht Agency for example.
 
Welcome to the forum. I your position it does make sense to place the boat with a broker.

A broker will arrange the sale for you, but usually it would be your responsibility to get the boat to the brokers, get it ready for sale, keep it clean during the sale process.

I would suggest you contact a few brokers and ask them if they will handle eveything for you and get some quotes.

These boats occasionally had twin petrol engines, if yours has then a more specialist approach to selling it.
 
Agree with Carlton go talk to some local brokers and get a feel for what they offer. There are also some very experienced ones on here and no doubt they will give you pointers. But FWIW - nice clean, uncluttered polished boats sell. Generally a buyer would get the survey done and then negotiate the price with you based on any bad bits/issues.

In the main, seller prepares boat (either themselves or pays someone to) and sets price as agreed with broker on the basis its realistic but also on the basis offers, even prior to survey, are likely to come in up 15% or more, less! Brokers commision can typically be 5-8% of the selling price but is usuualy negotiable. The survey, depending on what is picked up often means more discounts or a bill for you to get stuff fixed. Buyers usually pay for any lifts in and out, if needed and the survey.

Once an offer is made, its generally subject to survey and sea/water trial and becomes subject to a faily standard across the industry, boat sale agreement. (Again, the more experienced on here can give you more details of this. its details and limitations) The buyer then usually places a 10% deposit (or other agreed sum) with the broker at that point. Once all the surveys/trials are done, anything else is agreed and the final price is set, the buyer accepts the boat and pays up the balance to the broker. The broker then takes his fee and pays the balance to you. Your buyer wiould almost certainly want to see a VAT paid invoice - the original one - so make sure you have this and any other service documentation. The major repairs on Power boats usually come frm the engines, so buyers tend to be rightly paraniod about service records.

This is all in a nutshell and based purely on the four times I have been through it all. Seems to be fairly standard though for brokerages.
 
Probably worth buying the RYA book on buying and selling secondhand boats. Goes through the process and terms used.

As already suggested probably best to go through a broker as they will deal with both the sales bit and documentation. Be prepared for a fairly lengthy process as market is generally slow. You will need a valuation for probate, which again you can get from the broker - make sure it is realistic.

Good luck.
 
I would suggest Norfolk Yacht Agency with that type of boat - they sell broads and sea boats and are well placed to cover both markets. They have offices in Horning and Brundall so cover both the southern and northern broads.
 
Yes, another recommendation for the Norfolk yacht Agency. They are good folk and I'm sure will give you sensible advice. And most likely to sell your boat for you too.
 
Sea Ray 390

Hi all, thank you again. Lots of recommendations for NYA, I have a contact there so may well go down that route. Does anyone know specifically about Sea Rays, that kind of boat? She (Illusion) is a fast sea-going craft, I'm keen to know what anyone thinks about it...I'm going down to winterise engines on weds (with help), does anyone have advice on that? (2 Volvo 6l diesels) How much antifreeze would you need and do I need to remove impellers from system?

Thanks x

PS Have frost control heating in engine room
 
Sea Ray has the reputation of the best built of the US Sports Cruisers, so you are starting from a good base, especially as she is fitted with 2 Volvo Diesels. This spec will be the easiest to sell. I'm sorry I know nothing about your particular Sea Ray, but we had a small one, 22 ft a few years ago, and really enjoyed her.
 
you will need a fair bit of antifreeze @ 10 - 20 litres. I usually buy it from a motor factors (trade counter) as its a lot cheaper than halfords. Mix that with water and pour into the seawater filter with engine running until you see it come out the exhaust. Mine takes @ 30 litres of mix to go all the way through and they are a 6 litre volvo engine.

Regarding the impellers - if they are easy to get at and a design that is easy to remove then take them out over the winter if you have a suitable extractor tool. some designs can be very difficult and you may be better leaving them in as there is a risk of damaging them. As the boat is being sold one of the first things a new owner should do is put new ones in anyway so I wouldn't worry too much. don't forget to drain the drinking water system too and close all the sea cocks.
 
Hi Sam.
I thought I would post a picture of the boat before it had the hardtop fitted.
Illusion.jpg


George will sort the engines so no problem on that one, I would also vote for NRA but I think the company below are a sea ray dealer and may be worth a call.

Marina Marbella UK
Parkstone Bay Marina
Turks Lane
Poole, DOR BH14 8EW
Phone: +44 01202 714970
Contact Marina Marbella UK
http://www.marinamarbella.co.uk

I expect someone on here knows them and can advise.

Someone will get a cracking boat, if I win the lotto I'll give you a call.

Rick.
 
macnorton said:
Hi Sam.
I thought I would post a picture of the boat before it had the hardtop fitted.
Illusion.jpg


George will sort the engines so no problem on that one, I would also vote for NRA but I think the company below are a sea ray dealer and may be worth a call.

Marina Marbella UK
Parkstone Bay Marina
Turks Lane
Poole, DOR BH14 8EW
Phone: +44 01202 714970
Contact Marina Marbella UK
http://www.marinamarbella.co.uk

I expect someone on here knows them and can advise.

Someone will get a cracking boat, if I win the lotto I'll give you a call.

Rick.
Click to expand...

Nautibusiness on here is at Parkstone Bay Marina. Not sure of his connection, if any, but at the very least he works in the same place. If you're paying for help winterising then don't forget to get an invoice. If not then document everything you've done. Apart from the fact that it may not be you "undoing" it, the better the documentation the better the price, or at least the chance of selling. On the same tack, get every piece of paperwork, documentation, etc. you can find on her and put it together in a folder. Any manuals,etc. that are missing then try and get replacements if you can. The Broker should advise as to what is essential as opposed to nice to have. Don't let anyone else have the paperwork either would be my advice - they can look at it but not take it away.

If I had a choice of that size motor boat to sell in the current rather tough climate you've probably got something like what I'd choose so hopefully it'll all go well. Don't expect it to be a quick or painless process though...
 
Hi Sam, ref the winterising if your not sure what your doing then use a marine engineer to winterise the engines, but id get the boat to a place where your going to market it first, if the mooring is paid up say till end of next march then put it with a broker thats a reasonable distance from the mooring NYA are ok im told, I have clients that have bought and sold through them James Frazer is a nice man im told. Id cleanup the boat, empty its clutter etc and prepare it like you would be selling a used car, remember shiny is good!

Sounds like you have a nice boat to sell being a diesel one too, so make sure the motors are prepared for what could be cold winter, if engines freeze up its cost £££ in repairs to damage so dont fall into that trap, lastly come back to the forum if you need any help, ive been in your shoes 11 years ago, best of luck with your sale.
 
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