I Keep getting offers on my boat

[hlb]

I looked down google and because i'm no longer fit, priced her at the low end of the adverts. Well 5 quid above the bottom one.Yet she's superbly equipped.

Folk are asking to visit her, but only if for 10 or 20 grand less than asking price. Google Princess P35

 

[LittleSister]

Do you blame them for trying? Times are tough and there's no doubt a few sellers out there who will just have to take what they're offered. If your fortunate enough not to be in that position, surely a few phone calls are not much trouble while you wait for someone to come along who'll buy on your terms?

Other issue is, you've only compared to what others are asking, not what they're getting. The others probably priced theirs the same way you did! Could they all be over-priced, perhaps?

 

[vandy]

Not surprised, you are advertising a product suitable for Spring/Summer in October.

And why do they keep offering you? it is because everybody knows that it is the buyers' market! so they can!

Also, I saw you advert, someone with 50k has a good range of motorboats in the same class of yours, and if you do a quick search by just browsing the boat around 50k on Boatshed you will see that early 2000s packages are available now at that price.

But if you are not in a rush, just wait, it is not easy to sell boats, but you only need someone who appreciates your package as much as you do.

 

[AndieMac]

Folk are asking to visit her, but only if for 10 or 20 grand less than asking price.

Why do people make offers before seeing the boat?

Can't they wait to see what they are actually offering on first?

I wouldn't feel very confident about a sale with 'buyers' like that enquiring.

 

[Bobobolinsky]

If you bite when they offer they turn up and kick the fenders and offer a bit less, like selling a car really.
It really is a buyers market, went to Hemsby on Sunday,chalets and mobile homes were getting the 50% off treatment and I don't think it was just the end of the season speacials

 

[oldgit]

"early 2000s packages are available now at that price."


The somewhat missnamed Princess 35 is 10 ton boat,the best part of 38 feet long and if I remember correctly 14 feet wide.A heavy and very stable sea boat with masses of practical internal space and a solid build quality not often found today.They all came with pair of reliable easy and cheap to maintain shaft drive Volvo engines,the only problem now being that they will be getting on a bit hours wise.
Many newer boats have a name which suggests the the boat length, chopping off 3 ft for the swim platform and a couple of feet for the daft anchor cover moulding at the other end gives you its real dimensions.
Rule of Thumb,the bigger the numerals on the side of the boat,bigger the fib

Very interested to know what 2000 boats you are comparing it to.
Suspect you may be comparing with boats a lot smaller and with a lighter build perhaps from Jeanneau or Beneteau which frequently are only powered by a single small diesel,this is not to detract anything from the French boats but like chalk and cheese.
The nearest comparison is probably the Fairline 36 Sedan or maybe Turbo 36 and you will still be looking at £80K asking on one of those.
A local late Turbo 36 recently went for a tad under £80K and as I know both the seller and the buyer suspect price was about spot on.
Remember doing a bit of work on a 10M JennyBenny a while ago and horrified at the glorified plastic tea tray posing as a swim platform distorting as we clambered aboard.

 

[Greg2]

"

Very interested to know what 2000 boats you are comparing it to.
Suspect you may be comparing with boats a lot smaller and with a lighter build perhaps from Jeanneau or Beneteau which frequently are only powered by a single small diesel,this is not to detract anything from the French boats but like chalk and cheese.
The nearest comparison is probably the Fairline 36 Sedan or maybe Turbo 36 and you will still be looking at £80K asking on one of those.
A local late Turbo 36 recently went for a tad under £80K and as I know both the seller and the buyer suspect price was about spot on.
Remember doing a bit of work on a 10M JennyBenny a while ago and horrified at the glorified plastic tea tray posing as a swim platform distorting as we clambered aboard.

Not sure that many Sedan or Turbo 36 ' s will fetch anything near 80k currently. Obviously you know of one that did but that doesn't necessarily represent the general state of the market for those boats. Local Turbos to me are on for and selling for quite a bit less than 80.

I understand how frustrating it must be for HLB - I was in the same position myself six months ago.

 

[Deleted User YDKXO]

I don't know why you're moaning. The fact is that you've got buyers interested in your boat which is something worth being happy about. Nobody except an idiot offers the asking price for a boat in the current market. IMHO, you should indicate that you're willing to negotiate, without mentioning any specific figures, with the idea that this attracts them to look at the boat. Once they've seen the boat and realised how good she is, that gives you an edge in any negotiations and you can hold out for a figure close to your asking price. Nothing is obliging you to take any offer so you can always refuse it but the key is getting potential buyers to look at the boat rather than turning them down flat. That would be my strategy anyway.

 

[lovezoo]

Why do people make offers before seeing the boat?

Can't they wait to see what they are actually offering on first?

I wouldn't feel very confident about a sale with 'buyers' like that enquiring.

Probably because they don't want to travel a long way to see a boat and then find out the owner won't move on the price (even if the asking price is already low).

 

[MapisM]

Folk are asking to visit her, but only if for 10 or 20 grand less than asking price.

Good for you! If you're not interested in such offers, it doesn't mean that the buyers are wrong, but that your asking price is.
On a boat I sold recently, I happily accepted an offer which was almost 30% below my asking price. And the net price I fetched was still slightly higher than what I paid for her two years before, go figure...

 

[DAKA]

I agree with Mike but are you sure you want to sell it ?

There isnt anywhere safe for you to keep the cash after a sale and your boat will more likely rise in value after the credit crunch is over.

Get it craned into your back garden, use it as a summer house and enjoy your investment while it appreciates

 

[longjohnsilver]

Seems that maybe you've set the asking price too low. Not much room for negotiation. Why not up it a bit and see what happens, everyone will want to knock you down.

 

[Garold]

I don't know why you're moaning. The fact is that you've got buyers interested in your boat which is something worth being happy about. Nobody except an idiot offers the asking price for a boat in the current market. IMHO, you should indicate that you're willing to negotiate, without mentioning any specific figures, with the idea that this attracts them to look at the boat. Once they've seen the boat and realised how good she is, that gives you an edge in any negotiations and you can hold out for a figure close to your asking price. Nothing is obliging you to take any offer so you can always refuse it but the key is getting potential buyers to look at the boat rather than turning them down flat. That would be my strategy anyway.

+1

Getting them down to the boat is the first task.

But obviously your choice.

Cheers

Garold

 

[Nick_H]

Seems to me they're just avoiding wasting their time and yours, which is a sensible thing to do. If they only think yr 19?? P35's in good condition are worth X, or they only have a budget of X, then why travel across the country to be told your wont accept less than Y.

 

[MapisM]

If they only think yr 19?? P35's in good condition are worth X, or they only have a budget of X...

You're 100% correct in principle, but these days any buyer expects a lot of room for negotiation behind ANY asking price, no matter what the real value or the budget is.
I'm not saying this is logical, but that's the way it is (even on new boats...!).

 

[ari]

Anything is worth precisely what someone will pay for it, no more.

If no one is willing to pay more than £20K less than your asking price are they all too low, or are you too high..?

 

[henryf]

I tried searching for your boat and I'm not sure I managed to find it. There were a couple advertised by brokers but none in the North Wales area. Boat shed is a bit frustrating in that you have to register before they will release any information on boats and I'm not sure that's the way to go. I'd let every man and his dog see my sales details.

It looks like £50k is the magic figure for a 1989 Princess 35, there are a few around at that sort of money. I think a bid of £20k under the asking price is a bit harsh, £10k can be dealt with as follows. Keep it light hearted, people are more likely to buy off someone they like.

It's here to be sold, so I'll do what I can with the price but I do hope it's one of the better ones on the Market, ( assuming it is and you might back up your statement with a few reasons ). Come and have a look and we'll see if we can bang our heads together.

You aren't committing to a number but you're indicating a willingness to get a sale done. Once a genuine buyer has seen the boat they are more motivated. If they've seen a few boats and yours stands head and shoulders above the competition then they will want to buy it. But be realistic, look at your boat through the third party's eyes. Is it really the best one out there or are there bits which you would want to change as a buyer?

Finally it might be worth adding a couple of grands worth of wriggle room in there. Don't go mad but £57-60k might not take it out of the realms of a phone call and gives you a bit of room. A £5k drop to £45k doesn't sound as generous as a £12-15k drop to £45k.

Keep things light hearted. Not everyone can sell and it turns into a nasty battle but try not to let it get there.

Oh, and take all the "we're in the middle of a recession" comments with a pinch of salt. There are people out there buying boats and I'm not sure there are too many distressed sales of genuinely desirable boats. If I'm wrong and there are a load of bargain 2010 Princess P50's out there being given away do let me know

Good luck

Henry

 

[volvopaul]

I too am in the same place as hlb, foreign buyers are always bidding silly low offers before they come over, yet boats abroad of the same make and model usually in the same area that the offers come from are 20k above the uk asking prices, in my opinion overseas buyers are just trying it on and I don't blame them.

Yet I have tried it on with uk main dealers that have boats on brokerage to be laughed at, it seems the dealers here are sticking to there guns and I don't blame them, I'm now after 11 months of trying to sell my boat at an acceptable price going to withdraw it from sale until the crunch is over, there is no pointbin giving a good boat it to disappear into Europe somewhere, let them buy there own boats at there prices,

 

[PCUK]

I wish I had so many offers. After two years the enquiries have dwindled to almost nothing but I am not going any lower. Now at 25% lower than original price I have drawn my line in the sand and am going to wait it out.

 

[volvopaul]

I wish I had so many offers. After two years the enquiries have dwindled to almost nothing but I am not going any lower. Now at 25% lower than original price I have drawn my line in the sand and am going to wait it out.

I know where your coming from, there are 2 more princess 410 on at over 25k asking more than mine , at 99950 I'm stil getting offers over 10 per cent lower than that, seriously I pitched her at the outset 15k below the others at 115k, then the magic below 100k figure to try and generate interest, I'm at the point now with brokers when they tell you to take what ever is offered I just laugh and reply with, what else out there could you buy for that kind of money, the answer is nothing the Market proves it when there are other 410 s out there for more money!