Selling boats in the 'credit crunch'

Re: Selling boats in the \'credit crunch\'

I think it depends on what your selling. I sold my Newbridge Pioneer Pilot in January after a month and could have sold it 3 times over but it was an entry level family cruiser (floating caravan)so my audience was probably larger. My new boat a Cobra 1050, I feel sure, may not be so easy should the time come to sell.

Have a look at these guys www.yachtsnet.co.uk they were very good. Best of luck.
 
Re: Selling boats in the \'credit crunch\'

We just sold out mobo as we were switching to sale (at last /forums/images/graemlins/smile.gif). Right price for the condition and the right buyer will find it, we got less than we would have liked and the new owner got a good deal but I don't feel ripped in any way.
If your intent in staying afloat (as we were) its all down to the cost to swap, not the sale price or purchase price.
We did go through a brokerage who are also the dealers for our new boat and they worked well for us.
 
Re: Selling boats in the \'credit crunch\'

At £35K your price was far too high when compared to the boat above yours.
Everything will sell at the right price level. The problem is that level is below what people think theirs is worth.
Same with house at the moment.
 
Re: Selling boats in the \'credit crunch\'

I would expect boats of that age to vary by +/- £10k according to condition and inventory. both those look like quite a lot for the money in terms of boat and gear. You do get afew that need a little work and on paper these will make others look pricey. I find it useful to plot price vs age on a graph or price vs date, for adverts going back 3 years. Then try to understand any that are well off the curve.
Are you getting people looking? Both times I looked at 10 boats to buy one. Even buying a mass produced dinghy I looked at 3 in the flesh and adverts for about 20.
I don't find that broker very inspiring in his ads, all the boats are presented the same. Maybe you might do better with a more individual ad in Apollo Duck etc.
 
Re: Selling boats in the \'credit crunch\'

I contacted Dickies twice through yachtworld about another yacht for sale, no reply on either occasion. Made me think that maybe sites like yachtworld should be enhanced to copy the owner in so he knows what sniffs he's had and what the brokers done about it.
 
Re: Selling boats in the \'credit crunch\'

Your forgeting the longer a boat is up for sale the more money the yard makes out of you and still make a ridiculouse amount as well when the boat finally sells.
 
Re: Selling boats in the \'credit crunch\'

Just bought a boat and it most certainly wasnt at a credit crunch price. In fact in my searches I only came across 3 credit crunch boats - two bank repos and one desperate sale. None of these were at prices that would grab and all 3 are still for sale. Every broker I spoke to said the same thing - new boat sales are desperate but they cant find enough good newish second hands. You might say "well they would say that wouldnt they" but there were absolutely no signs of desperate sales tactics, unlike the housing market

With no disrespect to the guys who have lost their jobs, I reckon we are in phoney war status as far as the recession goes - large numbers of working people are far better off thanks to mortgage rates, and for them the recession is more about confidence than reality.
 
Re: Selling boats in the \'credit crunch\'

Buyer and seller sentiment set the price, not brokers.

In housing market terms you probably overdeveloped your yacht so it will be difficult to realize what you know it should be worth. Plus the whole evergreen/UK MAB market is finally going through a long overdue price correction.
 
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