I Keep getting offers on my boat

volvopaul said:
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,
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Thats fine but the boat isnt going to get any younger and isn't going to get any more valuable as time goes on. The second thing to consider is that there may be European buyers out there now offering low prices but if the Euro crashes, as might well happen, there won't be any buyers out there at all. The last thing to consider is that when the 'crunch is over' , Sterling is likely to rise against the Euro which again means that Euro buyers will disappear. Maybe better to take a hit now and buy another boat at a knockdown price?
 
It makes sense for HLB to sit on his investment waiting for inflation* to increase its value but for anyone looking to upgrade its crazy to wait as the inflation* will increase the part exchange gap.


* Inflation definition for my post = 5-10% per annum over the next 5 years RPI enhanced with GRP boat values increasing in 4-7 years as credit crunch effects diminish.
 
ari said:
If asking, what does that prove? Perhaps only that they're even more optimistic?
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Agreed. Asking prices are not an indication of how buoyant the market is for a certain boat and the only relevant indicator is selling prices
 
Reading the posts where they will withdraw from sale or wait etc, I guess the other factor that could affect boat prices like The P35 is the increasing cost of fuel and if it keeps going up then maybe the value will drop more?
 
Scubadoo said:
Reading the posts where they will withdraw from sale or wait etc, I guess the other factor that could affect boat prices like The P35 is the increasing cost of fuel and if it keeps going up then maybe the value will drop more?
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interesting observation , who knows.
When we lost cheap diesel I expected the UK to follow France in that the marinas are mainly full of sail or small single engined fishing boats.
I have been very surprised in that the French I have seen this year are running around in Gin Palaces (new Princesses and Jeaneaux) , they pay more for fuel than we do and their boats are still getting bigger, so far I havent noticed our boats getting smaller either.
 
I have this morning phoned around a few brokers with other same model boats for sale, the Market is non existent in that field, so no matter what price is on the screen there isn't going to be much interest out there, as mike f says nothing will go up in value so what's the point in me laying another 50k out for it to drop even more, I may as well stick with what I've got at least my 50k is making me a little bit in the bank.

Wether materials to build boats rise or not second hand values can only drop, new builds are never going to get cheaper either . A friend has just sold his p 40 and yes it's going to Germany just as I thought there isn't much uk interest at all, yet another gap in another uk Marina, and there sure is plenty of them around the Solent for sure.
 
ari said:
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..?
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But you dont know "no one" will pay more, just the people who have so far expressed an interest.
If the sale isnt time bound, you cant really make any assumption.
 
The materials to build cars increases fairly constantly but they still seem to go down in price. Why would boats perform differently?

Garold
 
Great boat and in good condition. The boatshed photos didn't include any of the cabins though - maybe just one shot of a corner of a bed? Bearing in mind that yacht purchases are a joint decision I woud recommend some cabin photos. Apologies If I missed them.
 
henryf said:
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.
Henry :)
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Yes I find that odd. When I was looking seriously for a boat a few years back I registered with Boatshed which was then supposed to allow me instant access to their pics but it never worked that way, I had to re-register each time I wanted to enter their site. I gave up in the end. Too much hassle.
 
Sometimes I wonder if Boatshed forget who their client is. Many of the pics look great, eg HLB's own pic of the boat on a buoy in Salcombe. But I would get Boatshed to remove pictures 12, 17 and 34. They just don't help at all

Totally off point, almost, but i have a motorola mobile phone with predictive text and every time I enter a word (like "offline") that has keypresses 6335 it immediately writes "Meekathara". Amazing!
 
Scubadoo said:
Reading the posts where they will withdraw from sale or wait etc, I guess the other factor that could affect boat prices like The P35 is the increasing cost of fuel and if it keeps going up then maybe the value will drop more?
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The other problem with boats is that they never stop eating either. You can't just mothball them in the garage like a car. Berthing, insurance, maintenance, the fact that they go wrong if you don't use them, that they go wrong if you do use them, etc etc.

And you risk chasing the market down and wishing you took the hit early.

I sold my last boat, which was immaculate, "cheap".

The owner put her up a year later for way more than he paid me (because that's what others were asking, hopelessly optimistically).

Another year on and he's now below what he paid and the boat looks a wreck!

I wouldn't give him half what he paid me now.

If he's tried to sell at what he'd bought it for whilst it still looked good it'd have flown out.

He's probably blown five grand in the meantime keeping the thing too.
 
Right then, having jumped through all the hoops necessary to view your photos I will be honest and say that i didn't feel inspired to hand over my hard earned money. I'm viewing the photos on an iPad which normally makes a pretty good job of photos and was left with the following thoughts:

The lazarette has a load of green mould round the hatch ? And is full of rusting ****.

The side rails are dented and their stanchions have been painted around (close up shot of the rail base)

The carpets look like they have wildlife growing in them (close up shot of stained carpet)

The soft fabrics look all water stained (that may just be the photos)

There's something wrong with the rubbing strake (something hanging off in the photos) - which is probably the boat shed logo !!!

The fridge is full of someone else's out of date food (if you really want to sell the boat then take out every bit of your life and try to present it like an empty show boat so the buyer can instantly imagine themselves owning it. This is hard to do with someone's pants stuffed in the drawers.

There are loads of black mouldy bits showing in the close up photos.

The light fittings have started to discolour.

The heads is a bit of a dated colour.

There are loads of wires and cables running round everywhere.

The kitchen has air fresheners (so the boat must smell), screwdrivers (so the boat must be unreliable) and general clutter (so there can't be enough storage).

The lines running down the gunwale are wobbly.

The gas locker is a bit battered and bruised.

I don't know who took the photographs but clean the boat to within an inch of it's life first and for Christ's sake don't go zooming in ultra close up on a 23 year old boat. Be kind to it and try to portray the old girl in a favourable light. Those photos were taken by someone looking to knock 7 shades out of it on a survey!

I'm really sorry if I come across as mean and horrible but ultimately we want you to get your boat sold and if I think these things then so will a buyer. Many of the things could be solved with an afternoon's TLC and a re-photograph. There's one out there for £49,995 so if you've been bid £10k under your asking price I'd say that's about right. £45k

Once again I genuinely am sorry if my shooting from the hip comes across as being nasty, it's not my intention.

All the best

Henry :)
 
Boatshed do try to show a boat's actual condition, and will photograph items that may be of concern to a buyer.

I have appreciated this approach in the past and has put me in the right mind set for when I have actually viewed the boat.

There is nothing worse than arriving to look at a boat in a poor state after viewing the photo's that were probably taken years before!!
 
I have no problem with being honest, but looking at a 23 year old boat through a zoomed in lens means you'd never buy one. You simply can't do it. You're almost showing microscopic grains of dirt.

Be sensible without lying.

Henry :)
 
I put my last boat up to match the lowest on boatshop24 same make same model with Boatshed, then cleaned it to within an inch of it's life every time I got a viewing booked. it was gone within a month and only took a 2.5k hit on the asking.which I thought wasn't a bad hit. My view is clean it and if something looks very tired change it for new, example we fitted new carpets everywhere so they all matched it wasn't that dear to do and made it look great.

Even the buyer commented on how she looked, it was the cleanest example he'd seen and said he'd looked at 7 before ours.

Good luck with your sale Haydn.
 
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