Paying the asking price

  • Thread starter Thread starter tcm
  • Start date Start date
T

tcm

...
Joined
11 Jan 2002
Messages
23,958
Location
Caribbean at the moment
Visit site
i am looking at a boat on web, get in touch but the broker says the seller wants er the asking price, please, no negotiation, none, and so er not much point in flying transatlantic to see it then mr brilliantly daft broker to make an offer or at least yerknow, you could do a bit of selling eh maybe, as long as i was there, which now i probly won't be as i may as well wait a bit since the price can't ever be higher than it is right at this moment ...

I spose have problem about paying asking price on s/hand boat. Or do lots of people pay the asking price?
 
I've never met anyone who would pay the asking price. Offers are invariably made "subject to survey", and that's when the bargaining begins.

I know of one boat on the market where the owner won't drop his asking price. His wife told him to "get rid of the boat"; he's trying, really trying.
 
Then you don't get that boat. Try another . . .

Some people don't really want to sell - not sure why they bother to list them really. Perhaps he has just started looking and hasn't yet found his new love. Prices tend to drop a little when owner has 2 boats.
 
The broker may be wanting it himself or for a friend or family!

Boats are like houses, the seller expects an offer, houses sell for on average, and I am quoting this ..91.3% of the asking price!!! This was from two estate agents and one of those, 'We'll buy your house now guys'

I bought a Yacht three years ago, asking price, £59,950. I knew the boat had been sitting there for a while, and that the owner had a new boat and wanted new race sails.

I used this to my advantage, Offered ................£42,500!! Expecting a haggle, but no the guy said yes!

I then had to spend £18,000 to get it upto coding standard but hey, I now have a yacht which has

A new engine, Gear box, Shaft and Prop, Complete water system, New Gas System, New electrics, New rigging, new cushions through out, New cooker, Rudder taken off and re set, keel reset,renovated all woodwork below. I love it on her! A real home from home.

I now have total piece of mind! I service everything, and am confident in all working bits.

Haggle, if they wont let you, it isn't meant to be.

When it's the right one, everything will fall into place.

Good luck,

Al
 
Quite often see boats advertised with " No Offers" after the asking price.
I've no intention of buying but feel like calling and saying " I won't make an offer."
 
If I could see the boat was priced to sell and at a price for which I was happy to pay it would not necessarily walk away. I guess it must depend on rarity, your need for it and realistic price.

There is a boat Ocean Twins 38 I am interested in but the broker has told me the guy wont budge on price. The advert is lacking, the photographs manky and unclear; and the price a bit suckybreathy, yet they are rare as hens teeth so it hurts to not proceed.

She is in S. France so like you I am not inclined to spend so much to be disappointed. I also know she has been on the market for at least 3 years which either means the broker can't be bothered trying to sell the boat or the owner really does have his head up his backside.
 
I don't know of anybody that actually paid the asking price for a second hand boat. Unless it was not akshually second hand, but someone buying a newnewnew model to resell immediately at a profit to Q-jumpers.

Could it be priced not-to-sell ?

dv.
 
Believe it or not, I didn't pay the asking price even when I asked it!.

The seller said to me: how much do you want to pay?
I quoted a price, he agreed, I gave the cheques, and a month later I bargained. And he accepted (laughingly).

For the records, the boat in question was Glyka, my current pride and joy and the seller a (late, unfortunately) wealthy friend that just wanted me to have the boat.
 
Boats depreciate..Just a matter of timing it to make a price adjustment seem reasonable and feasable option for the -frustrated? vendor.
Whats the mooring situation and cost as a %of the asking price?
You could ask for some specific boaty information that only the owner(not broker) can provide,this makes him aware at least that you are in the market .
 
My boat was only up for £2,500 about £2,000 under normal price but even I only offered £2,250 which was accepted. About the same as a couple of air tickets to the USA !!
 
Opps..

at risk of being alone here...I did pay the asking price, twice in fact.

When I bought the first Fairey boat, it had been the subject of a £50k rebuild a few years previous, was smashing in every respect, bloke wanted £25k so I bought it.

Second time round was different, I offered asking price subject to the shipwright working on the boat finishing a certain list of things above what was on offer, this got me the boat, dismantled and unpainted but with all thew woodwork finished, too ka yera off work to finish it. Looking back four years later, reckon it was an ok way to proceed.

Maybe I'm nigh-eve (never could spell that).
 
Unusual for the broker to take such a hard-nosed attitude up front. I once offered a boat for sale at a certain price, stating "no offers" in an attempt to imply this was a bargain to be snapped up. I then sold the boat at a considerable discount!
For US boats you can get an idea of what particular models of boat are going for by signing on to the BUC site. These are the top prices so you would typically offer a percentage of BUC value depending on the state of the market - in bad times this could be as low as 50% off BUC.
 
Re: Opps..

[ QUOTE ]
I did pay the asking price, twice in fact.


[/ QUOTE ]

It might make you a minority, but IMO nothing fundamently wrong with paying the asking price. Just depends on what that price is! And the circumstances you describe seem fair enuf. Sometimes it is not worth haggling over a few quid.

FWIW, my view is that a boat has 2 prices:-

It's value to the Sellor

It's value to the Buyer


When these 2 values agree that is it's market value, at that time - for these 2 people.

Of course a boat may well have different values to different people, for perfectly good reasons.



I once spent 3 years (on and off!) trying to buy a small boat (no broker!). She was around 50% overpriced (he wanted around £4500), and of course costing the Vendor (who had another boat) mooring fees, insurance and maintanence every year. But would he see "sense"? No! /forums/images/graemlins/laugh.gif /forums/images/graemlins/laugh.gif

I ended up paying slightly over the odds in the end (just under £3500).......cos I DID want her, which is always a big disadvantage when haggling. /forums/images/graemlins/frown.gif /forums/images/graemlins/laugh.gif

I sold her 3 or 4 years later <u>in a fortnight</u> for £3k, by pricing her realisticaly at £3,300 ONO. ........And kept a good Avon Dinghy, an Autopilot and 1 or 2 other things /forums/images/graemlins/grin.gif, which I still have.

Over 3 / 4 years I did of course "Lose" money on the improvements / repairs / maintanence I made. Probably cost me between £1k to £1,500 (depending on how you count) over that time. But boating ain't free, and I didn't end up having a boat around my neck for 3 years from being somewhat optimistic / Greedy. (Although of course I did wonder if I should have asked another couple of hundred quid - but on reflection, I think I was right not to).

Tip to boat sellers, if you are in your second year of selling, YOU may not be right. /forums/images/graemlins/shocked.gif /forums/images/graemlins/laugh.gif /forums/images/graemlins/laugh.gif
 
Re: Opps..

You're absolutely right there. People do tend to add the cost of maintenance to their perceived value of their boat. So a boat they paid £2000 for suddenly becomes worth £2800 because they bought some new sails or whatever even though it was really maintnance.

That's why at the bottom end of the market there are some absolute dogs at barmy prices.
There's a Leisure 17 on our moorings that's been for sale for 3 years. He hasn't used it in that time. Except when he set off to give the motor a run and it fell off into the lake, so a new(ish) motor was required.
He's been asking £2500 for a boat without a trailer when you can get well equipped ones on trailers for £1700 on eBay.
In the 3 years he'll have paid nearly £1200 in mooring fees (even taking into account his local's discount)
Figure that one out.
 
You must log in or register to reply here.

Share this page

Top