Sale pending or under offer

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BurnitBlue

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On many brokers web sites Sale pending or Under offer are marked against some boats details. Sometimes, it seems, to be for a month or more. Surely, it shouldn't take more than a day or two to accept or refuse an offer.

Or is this an invitation to bid? ´Whats going on?
 
The boat is probably long gone - but leave the details on the screen so you're enticed to see what else they've got that might fit your requirements .... bit like the estate agents For-Sale/Under Offer/Sold boards ... the brokers don't have a "sold" advert though....
 
In my experience, they only change the status to Sale Pending when they have not only accepted an offer but have received a deposit. Then of course it may take some time (as long as the buyer wants to draw it out) for the Survey to be done and the following negotiation. It will stay as Sale Pending until the balance has been paid and the keys handed over. I'm just going through this process at the moment.
 
Okay. I can understand now that Sale Pending is the complete acceptance including survey and money handover.

I ask because there is a Rustler 31 I have been watching that went from Sale Pending back to "For Sale" after almost a month. This marks it down for me because the prospective buyer obviously backed off before completion because he found something wrong with the boat.

Seems to me that it would have been better to remove the listing while under offer rather than advertise a failed sale. the advert could have been re-instated without the adverse "publicity"
 
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there is a Rustler 31 I have been watching that went from Sale Pending back to "For Sale" after almost a month. This marks it down for me because the prospective buyer obviously backed off before completion because he found something wrong with the boat.

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Not necessarily. Could be something wrong with the buyer - eg redundancy, illness, sudden realisation that he really couldn't afford it after all.
 
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.......there is a Rustler 31 I have been watching that went from Sale Pending back to "For Sale" after almost a month. This marks it down for me because the prospective buyer obviously backed off before completion because he found something wrong with the boat.


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That is one possible explanation. Others are that the buyer could not raise the finance as he had expected; or that the increasingly insecure employment environment resulted in a surge of prudence: or perhaps rebellion by his 'other half': and some more....
Not all of us have boat-ownership as our primary aim in life.
(There must be something else, if I could just think of it! )

OK, faster-fingered contributers beat me to it!
 
In my experience most problems are the result of cock ups rather than plans. So my guess is that they are left up for sale because thats easier than logging on and knocking them off the www.

Some small brokers may not want an almost empty shop window, particularly at times like this when business is quiet.
 
As someone who has bought and sold plenty of boats (I hope the next is just right), I would treat this as an opportunity. It may be that the purchaser pulled out for many reasons, but if it was because of a problem with the boat then it was probably brought up in a Survey Report. My suggestion would be that you contact the seller and ask if you can have a copy of the report. If they don't have it then they might know what surveyor did the job and you can approach them. They will often sell you the report for £100 with no warranties. Then you can decide if the boat is OK, or needs some work. You can then make an appropriate offer to the owner, who by now, is usually even more keen to sell and more likely to accept a lower offer.

I say this having been on both sides of this type of event. Also, everyone has their level of acceptance of issues. Just think of the number of times you see these TV House Buying programmes where the buyer views a property and decides not to buy it because the loo walls were painted green.

Even such potential horrors as 'Osmosis' or hydrolysis have their treatments.
 
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In my experience most problems are the result of cock ups rather than plans. So my guess is that they are left up for sale because thats easier than logging on and knocking them off the www.

Some small brokers may not want an almost empty shop window, particularly at times like this when business is quiet.

[/ QUOTE ]

Agree. Also pure idleness. One of my boats was still on the brokers web site AND in the window three months after it had gone.
 
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