Selling boat

Csail

Csail

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What do you lot think?
Accept half the asking price to sell ours but then really good deal on a much bigger yacht or just hang on ?
 
Depends on your asking price. Is it the current market value, less a few % if you want a quick sale.

I recently was on a boat hunt and lots of people had an asking price that was way over their boats current market value. It might have represented what they owed on it, or what they hoped it was worth or what they had spent on it.

Brokers sometimes said well they need to marinate for a while then reality should set in.

The boat that I bought was listed at double the final deal price at one point.
 
You can probably get more than half the asking price, I'd have thought.

Don't let the really good deal on the next boat rush you. It may not be the deal it looks like once you get close.
 
There's a lot to be said for doing a proper cost analysis. I.e if I sold now, i'd get £x and the good deal for the new boat saves me £y on what I expected. However, if I hang on to get £(x+c), I'll lose the good deal, and have to pay out £(y+d). Now factor in a few quid for peace of mind for getting it all done and dusted, and maybe marina fees, transport costs etc....

Then tear up your whole calculation and do whichever feels right for you!

I find that the analytic cost analysis helps my real preference to emerge in my mind.

Good luck - and once you've made up your mind, stop worrying about making the wrong decision!
 
I'm in the same position and trying to keep calm.
Committed to a new boat - got a few weeks breathing space - trying to sell my present one for £25k (started asking £27k) and getting offers like £15k, £17k, they are just chancers. Now got a hint of £21k which is nearing acceptable.
I do have at least one who would pay asking price or very close but has a boat to sell first.
It's still early in the year and I think it's picking up a bit.
If I have no luck in the next few weeks I'll look at Opal's event at Chichester or Deacon's next weekend at Bursledon. You get so much neglected cr*p in those that mine will shine alongside.
Stay cool for a while I suggest.
Is anyone else rushing to buy the one you want? Is it worth risking a deposit to hold it for a while?
 
I think the market will get worse not better.Many redundancies will start to appear this year as the cuts filter through.Most large couny councils/services are just starting to sort these out and serve at risk letters etc.
I wouldnt pay a deposit unless I was sure I could buy the boat,seems a bit foolish to me. Salesman are very good at telling you its a great deal that wont be repeated. There will be even better deals if you hang on.
 
Spot on.
I have been a doom-merchant for 2 years now and unfortunately I seem to have been correct.
The boat market will follow the housing market in that whilst a house is not necessarily an elective purchase and a boat most certainly is, there will be many more boats appearing for sale than buyers available.
Money for big boat purchases may not be available and 2nd mortgages on homes to buy boats? Ha ha.
The fact that brokers can see boat owners are deluding themselves on pricing is very indicative of the way things wil go.
If you have a money deal available, take it.
Housing has shown that chains are a waste of time. Even if the chain moves, reduced offers will mean that by the time your own buyer is in a position to move, the price on offer will have dropped.
The problem with this financial crisis is that it's top-down and the effects are only staring to fan out at ground level.
 
In 12 months I will be looking for a similar boat so I am looking at adverts now and have looked at your link before. I want inside steering/wheelhouse but need bilge plates so I can take the ground and would prefer a seperate rear cabin. However I would be interested enough in your boat to come and view it.

I would change the details a bit. Describe it as 6 berth, correct the "0" against the number of heads. I would put more photos, the heads, forecabin. cockpit area and out of the water picture if you have one. I would bang on a bit more about how up to date the boat has been kept and is now. There will not be many of that model boat with such an up to date engine, sails etc. I would use words like (provided the boat is as good as she looks) prestine, ready to sail for the season, no work outstanding.

I would be tempted to up the price to £21,000 but emphasise open to offers for a quick sale as you have a new boat lined up. You should advertise the boat on Boats and Outboards and Appollo Duck with links to your advert. Link direct to the advert page, not your web site opening page.

I reckon you should clear £17,500, even in these depressed market times as you are selling a boat in A1+ condition.

Good Luck
Paul
 
I agree with Lakesailors comments about the market but this boat looks in A1 condition, newish engine. There are still loads of people retiring on good pensions. These troubled times will have little effect on loads of people, probably those who are likely to want a boat like this one. I would argue it is an "older persons" boat with the wheelhouse. If that boat had original engine, old sails no updating then I would offer maybe £10,000, but many people don't want a project they want something that can sail immediately, so I would see this boat as being a cut above the rest. I have looked at advets for loads of similar boats and most of them are old and tatty.
 
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That particular boat has, as you know, been the subject of discussion on here before. The advert still shows the stuff that was usefully critiqued then. Do I conclude that the owner does not want to sell, or that someone hasn't the time to redo the ad? Or perhaps it is time to move on and ''half price, and ''as is'', is indeed the realistic way to go forward. Good luck whatever you decide.
 
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I would certainly be expecting much more than half the asking price, assuming that price has been reached fairly sensibly. I've recently sold my old boat for a lot less than I was expecting, mainly because the survey threw up an unexpected problem. However, I no longer have two boats to worry about and the new owner has a cracking little boat that I'm sure will bring him a lot of enjoyment.
 
Csail said:
What do you lot think?
Accept half the asking price to sell ours but then really good deal on a much bigger yacht or just hang on ?
Click to expand...

Hard to say isn't it ? If the much bigger boat is a much bigger price, and if it is also on at a 50% reduction then you gain more than you lose. Otherwise you gots to do the sums innit...

Boo2
 
The "problem" with having a standalone web site/page is that not many people will find it. As someone has already said, link to it from Boats & Outboards and Apollo Duck (others are available). If your boat is in good condition, doesn't need money spending on any big items and is realistically priced compared to others currently on the market then she should sell reasonably quickly. I won't critique the web page as that has been done before, up to you if you want to put some more work in on that, it would help.
I sold my boat for close to asking price in less than 2 weeks with a moonfruit web site linked to from the two sites mentioned above. The links are below if you want to have a look. My asking price was just under the lower one of the two others for sale on brokers sites at the time but my boat is better equipped and a couple of years younger. Those two are still for sale and I'd be surprised if the one at the higher price doesn't appear with a reduced price in a few months time. Maybe I could have screwed another grand or two out of it but I (like you) have my plans and want to get on with them rather than sit around waiting for someone to buy (or not) at top end for the make/model. I paid £35 to advertise, the moonfruit site was free. It's a great way to sell a boat at the sort of prices we're talking about here...

My moonfruit site
Apollo Duck
Boats & Outboards
 
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