I Keep getting offers on my boat

offers

:Dhaving been a recent buyer, with 50k to spend , i found many buyers in many marinas offering "stupid" offers BUT offers were accepted, 86k boat bought for 60k near marlow. i had a choice of six boats narrowed it down to three, then made offers of between 10k and 15k lower . i now have my boat. from my point i waited 8 months watching the same boats still moored inthe marinas with no one buying. sign of the times.
had the boat a month and the money i saved is being ploughed back in bringing the boat back up to scratch. recent weather has been great, still learning and still having fun

regards
 
Is part of the issue that there is many more grp motorboats on the market that are needed by buyers?

Old grp motorboats dont die, they just keep on increasing in numbers, will there come a time when a Princess 35 is moored in a creek as a houseboat?

I can think of a few scruffy motorboats on the Hamble that would cost more to turn them into something nice and useable than they would ever be worth. What is their destiny?
 
Friend of mine trying to buy a janneau 30, the boat to start with was priced far to high and it came down to the market value or to the same price as the others for sale, he put in an offer £5k below and it was refused the owner said he is not dropping at all as he took a lot off before, he and the broker fail to understand they didnt take a lot off its now at a proper starting point and as much as my friend came back and said ok we will meet in the middle they wont, and he is a cash buyer.

he has put his current boat on Apollo Duck reduced by £10k compared to others same year, £30k cheaper than a few in France, 4,200 views on line and not one phone call.

SP
 
SolentPhill said:
Friend of mine trying to buy a janneau 30, the boat to start with was priced far to high and it came down to the market value or to the same price as the others for sale, he put in an offer £5k below and it was refused the owner said he is not dropping at all as he took a lot off before, he and the broker fail to understand they didnt take a lot off its now at a proper starting point and as much as my friend came back and said ok we will meet in the middle they wont, and he is a cash buyer.

he has put his current boat on Apollo Duck reduced by £10k compared to others same year, £30k cheaper than a few in France, 4,200 views on line and not one phone call.

SP
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Phill id say thats the market in general, there are very few cash buyers out there now, there are a few px deals going off with the big dealers, but sooner than later there stock levels will exceed the amount they have borrowed from there stocking loan.

As you would say "im in the same boat" waiting for a cash buyer for mine, have now advertised my boat as a possible px in the hope I find someone less fortuneate that has a boat I want and needs some cash to pay off loan or whatever.

Princess 410 anyone?
 
So....

We kept our 2006 Doral Boca Grande in the Med for 3 years, during which time the total annual cost of marina berth, flights, hire cars, subsistence etc more than doubled (marine mortage rates dropped of course, so we paid a lot more off than we originally expected!).

We put the boat up for sale last year in Spain, but didn't even get a sniff, despite what we believe to be a sensible asking price, so we brought the boat back to the UK late last year and advertised it through one of the on-line brokerages (Yachtmarket) exactly as before, but with a different location.

We sold the boat within 6 months (elapsed time from her return to UK through to getting the cash) at a price about 15% below the asking price, to a very nice family who were non-finance buyers (won't say cash because it was a IBAN/SWIFT transfer!!)

Taking into account the cost of ES<>UK transport, a drop in mooring fees (yep - it was cheaper in the UK!) the saving of travel costs to visit the boat, and including the cost of our marine mortgage, we worked out that in 9 months we would have recouped enough to bring the cumulate costs back to our original asking price..... so the price was acceptable to us, even though we could tried to stick out for more, and ended up keeping her for much longer, with resultant additional cost.

Given that we don't plan to buy another boat immediately, we made the decision based on "balancing the books", rather than getting the funding to make the next purchase or trying to wring very last cent out of the deal.

Interestingly, in 9 years of boat ownership, and taking into account that we have owned three boats in the period, the total cost of our boating adventures (yep! Sad git that I am I kept a spreadsheet!!) including buying and selling is £50k - I don't consider £5k/anum to be a bad result for doing something we love so much.

As many people have said, it's all a matter of what was important to us, as vendors and whilst we would have liked a higher price, we were prepared to negotiate with a committed purchaser for a sensible end result. Had the initial offer come in at anything like a 30% differential, we would have not had anything like the same dialogue with the eventual purchaser, as we would not have been able to balance the books in the way that was acceptable to us.

Just need to find the source of our next big adventure now!!!

Ship Ahoy............Nick_Pam
 
I looked at a boat for sale on brokerage which was overpriced and came to the conclusion that the boatyard/marina were quite content to have the boat taking up a place on their pontoon, paying a fortune in pontoon fees, rather than contacting the owner, advising that the price was too expensive and had a buyer (me) if they dropped the price.
 
Jim@sea said:
I looked at a boat for sale on brokerage which was overpriced and came to the conclusion that the boatyard/marina were quite content to have the boat taking up a place on their pontoon, paying a fortune in pontoon fees, rather than contacting the owner, advising that the price was too expensive and had a buyer (me) if they dropped the price.
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If it was on Windermere, I get the impression that most boats for sale there are over priced. Asking prices always seem to be at the top end.
 
SolentPhill said:
and not one phone call.

SP
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I sometimes think that selling a boat is selling fireworks, on November 6th they are not worth as much as they were on November 4th. We are now "Out of season" I really do want to buy another boat but I will wait until March because prices will come down further. Like new cars. Citroen recently had a "We pay the VAT" offer. Which equals 20% off. Will the January Boat Show perhaps have offers which would have been unthinkable a few years ago. Certainly things are not as they were. There are an awful lot of second hand boats for sale, and getting older all the time. I sold my 1986 boat only because I found that some engine parts were no longer available. (I spent 25 years in the Motor Trade buying parts so it wasent for lack of trying). My next boat will be something, which on a trailer weighs 1kilo less than the 3500kilos which my Car will legally tow.
The days (1989) when I paid cash for a new Princess 33 are over. Boating has now become seriously expensive. Rather than buy a "Big old Boat" I want a " New Small Boat" Although I did nearly buy a 5 year old boat recently 22ft with a 5 year old Outboard. I thought the age of the hull was ok but I dont want a 5 year old outboard so I tried to buy a Brand New Outboard putting the 5 year old one in PX but every Outboard Dealer I contacted did not want to know, so I did not buy it. Perhaps the growth in boating is in the Outboards Division as more and more boat manufacturers are increasing the size of boats taking outboards. We are in for a very interesting 6 months (for buyers)
PS In one of the forum listings someone described how a 10 year old Quicksilver boat, hull had become so porus that it started sinking and certailnly I will never buy a boat unless its out of the water.
 
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It wasn't a criticism, just a correction of fact.


Though it's an interesting point that your perceived value of the offer was 20% but it was only costing Citroen 16.6% - so its 3.4% in the pocket.

It's a mistake I image many people make, and displays the cunning of the marketing men.
 
Whitelighter said:
It's a mistake I image many people make, and displays the cunning of the marketing men.
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It isn't the first, and won't be the last.
A supermarket near my home, a couple of times per year, advertises a 25% discount promotion, where for a few days they give a 25% coupon on any total amount of goods purchased.
The coupon is valid for purchasing other stuff in the same supermarket.
When I told swmbo that they're actually giving a 20% rather than a 25% discount, she thought that I was getting even more stupid than she already suspected.
And she has a degree in mathematics, go figure...
...which means, if nothing else, that eventually she understood.
But obviously, for most buyers the offer has a 25% value!
 
MapisM said:
Why, would you suggest otherwise?
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I,m not 100% sure!
Don't mind me
I,m not 100% myself as some on here will testify:D

To get back to the thread, however
I have just sold my old Nimbus 27
I took a serious offer on Her
OK not in the monetary value of the OP's post
Sold as seen and where lies
So-- back to % again!:)
Because of the current climate of boat sales , Plus I had put a deposit on another craft
I accepted a 30% offer (which was honoured) on what I thought was Her real value.
Oh and it would relieve some marina berth fees (thats another story)
The vessel I have purchased ,equally was competitively priced.
OK a 30% reduction of boats in the £25.000 area is not too bad if the replacement is of that ilk and priced accordingly!
'Difference to change' and all that in My case
I was lucky
No advertising or brokerage fees etc
In fact, I had not even advertised Her, It was just word of mouth that I was about to sell!
Times are difficult yes but not too desperate.
People are doing business
Margins are tight etc etc etc etc
I would say to any person selling a boat at the moment
Present it well
Price it to sell
Be realistic
Try and find a pro active broker, plus advertise as much as poss on tinternet with good illustrations and be honest about what you really need to close the deal
 
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