Oscarpop
New member
Issue well and truly resolved
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How best to deal with broker
- Thread starter Oscarpop
- Start date
Jegs
Well-known member
Caution
Before asking for your money back it might be advisable to check the contract.
John G
Before asking for your money back it might be advisable to check the contract.
John G
John100156
Well-known member
Tell the broker you are seeking advice from fellow forumites on YBW.COM - You will be surprised how much weight this can carry, if all else fails, may I suggest the following action:-
Tranona
Well-known member
You don't seem to be having much luck with this exercise.
As ever, it is difficult to give advice without knowing what you have agreed with whom. Presumably the builder is guaranteeing an agreed value for the boat against your new boat. If you have that in your contract then that is what will happen - unless there was a condition about agreeing a final value on inspection.
Presumably you then have a separate contract with the brokerage side of the business to sell your boat before the builder takes it over. I assume what he is now saying is that he can't get the price you want because of defects on the boat, over and above some form of cleaning and prep, and which is your responsibility to fix as you still own the boat.
Guess you have two choices. Fix the boat and hopefully get a higher price and quick sale. Or hold the builder to his agreement to buy your boat at the fixed agreed value.
Think you are going to have to sit down with both the broker and the sales people at the builder and agree a course of action and then get a clear agreement in writing as to who is responsible for what.
As ever, it is difficult to give advice without knowing what you have agreed with whom. Presumably the builder is guaranteeing an agreed value for the boat against your new boat. If you have that in your contract then that is what will happen - unless there was a condition about agreeing a final value on inspection.
Presumably you then have a separate contract with the brokerage side of the business to sell your boat before the builder takes it over. I assume what he is now saying is that he can't get the price you want because of defects on the boat, over and above some form of cleaning and prep, and which is your responsibility to fix as you still own the boat.
Guess you have two choices. Fix the boat and hopefully get a higher price and quick sale. Or hold the builder to his agreement to buy your boat at the fixed agreed value.
Think you are going to have to sit down with both the broker and the sales people at the builder and agree a course of action and then get a clear agreement in writing as to who is responsible for what.
Nathan K
New member
Tell the broker you are seeking advice from fellow forumites on YBW.COM - You will be surprised how much weight this can carry, if all else fails, may I suggest the following action:-
Name and shame
Also how big is the boat and where is it? you might be able to get someone to polish and clean it for you for a good price
BAtoo
New member
Name and shame
Also how big is the boat and where is it? you might be able to get someone to polish and clean it for you for a good price
I know of someone who might be able help with a spruce up....
gjgm
Active member
You seem to be placing alot on the broker's comment that he would do the rest. In fairness to him, I dont suppose that meant paying for unexpected work on a boat that he hadnt seen.
You are expecting them to take a boat in on exchange without having seen it, and then not expecting or accepting that they find the boat below the standard they were anticipating.
It isnt fair that they might imagine a tip top factory looking boat if it is second hand, but it doesnt seem unsurprising if there are some things that they feel need to be rectified.
Unless of course they made you an extremely low trade in, and so accepted the risk.
You are expecting them to take a boat in on exchange without having seen it, and then not expecting or accepting that they find the boat below the standard they were anticipating.
It isnt fair that they might imagine a tip top factory looking boat if it is second hand, but it doesnt seem unsurprising if there are some things that they feel need to be rectified.
Unless of course they made you an extremely low trade in, and so accepted the risk.
shaxi
N/A
thanks for your sharing !
chinita
Well-known member
It would help if you could post the work your Broker says needs doing.
I think you need to be in clear agreement about what is expected and whether that is acceptable to you.
I think you need to be in clear agreement about what is expected and whether that is acceptable to you.
Jim@sea
Well-known member
The broker is 70% to blame. He was offered a boat in PX. He should have got off his bottom and gone to see your boat. If you have paid a deposit and ordered a new boat on the basis that the broker was taking your boat in PX "Sight Unseen" then that is their problem. And to try and alter the contract after they have seen your boat, I would suggest is breach of contract.
JGGM Says " You are expecting them to take a boat in PX which they have not seen. ABSOLUTELY. As I said they should have gone to see your boat.
The moment your boat left the East Coast and went down to their place the contract had started.
What has probably happened is that without seeing your boat they have overvalued it, but thats their problem.
In the 1970's I had something like this happen to me. I was part exchanging a 3 year old Conway 26 Cabin Cruiser for another boat and I was getting £8000 for it. Then the boat dealer I was buying my new boat from found out that my boat only cost £4000 when new and they tried to wriggle out of the deal. Tough. This boatyard were professionals, just like the boatyard you have done a deal with.
Either get tough with them or tell them to pith off.
May I also say that a Conway 26 was an outstanding boat, built properly and if someone makes boats today from the original hull mouldings please let me know.
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gjgm
Active member
Jim
I havent seen the contracts, so I cant say who is "to blame".
If the broker/dealer bought the boat unseen with no comebacks, I agree that is the dealer's problem, but the OP seems to be basing his opinions on a not very specific "I'll do the rest" comment.
If I was ordering a new boat and doing a trade in I would EXPECT the broker dealer either to inspect it, OR to reserve the right to make a final valuation upon seeing the boat.
I think I would get a bit suspicious if the guy were to give me a 100pct guaranteed agreed price on my heresay alone, unless he was taking a huge margin on the trade in.
So, perhaps, the OP slightly misunderstood what was being agreed.
The contracts, assuming all signed, will be the ultimate explanantion.
I havent seen the contracts, so I cant say who is "to blame".
If the broker/dealer bought the boat unseen with no comebacks, I agree that is the dealer's problem, but the OP seems to be basing his opinions on a not very specific "I'll do the rest" comment.
If I was ordering a new boat and doing a trade in I would EXPECT the broker dealer either to inspect it, OR to reserve the right to make a final valuation upon seeing the boat.
I think I would get a bit suspicious if the guy were to give me a 100pct guaranteed agreed price on my heresay alone, unless he was taking a huge margin on the trade in.
So, perhaps, the OP slightly misunderstood what was being agreed.
The contracts, assuming all signed, will be the ultimate explanantion.
