Sell a 50% in our boat...options or problems?

[mattnj]

Is there any sites/brokers out there that sell shares in boats and does anyone have experiance of doing this?

We were looking to sell the whole thing, due to a change in circumstances but are now thinking that owning say half of it and paying half the costs would be a better idea than giving it up completely....any suggestions/problems we should be aware of if we do this?

Its a Dehler 38, fast cruiser/racer 1987 in good condition with a load of recent work and modernisation on a swinging mooring at Itchenor, looking for a 50% owner at 20k should anyone here be interested

 

[Georgio]

I have had similar thoughts but done nothing about it.

I think it only works if you really get on with the co-owner and agree up front about type and length of usage by each owner.

Good luck and nice boat btw.

 

[Flying Penguin]

Just some things to think about:
*What is the agreed usage pattern/share?
*Who decides what to maintain/replace and at what cost?
*What is the agreement about location? What if you want to move berths?
*Who pays for accidental damage?
*What if one of you wants to sell your share?
*etc etc... (but I'm sure you get the point)

None of the above is insurmountable but the more you detail up front, the less nasty surprised can rear their ugly head later.

A good starting point:

Yacht Fractions