iangrant
Well-Known Member
to say he'd had a very low offer of 80K on the sailboat.
She's up for 105K
Do I take it?
Arrrrrgg
Ian
She's up for 105K
Do I take it?
Arrrrrgg
Ian
The broker just 'phoned
- Thread starter iangrant
- Start date
Nautorius
Well-Known Member
How quickly do you need to get rid of her?
Personally I would say I will not accept below X (£90k) during August and see if they will stretch. If not you can always say yes to £80k in September if you have to sell her?
Just a thought
Paul
Personally I would say I will not accept below X (£90k) during August and see if they will stretch. If not you can always say yes to £80k in September if you have to sell her?
Just a thought
Paul
iangrant
Well-Known Member
Its the sums
the three months "free" hardstanding that have run out and the storage bills will start to appear soon, plus the 'leccie bills, (I hate letting a boat get damp they need heating)
OK it's the balance of selling her now or selling her later after the bills paid is it the same result, quandry number one!
Ian
the three months "free" hardstanding that have run out and the storage bills will start to appear soon, plus the 'leccie bills, (I hate letting a boat get damp they need heating)
OK it's the balance of selling her now or selling her later after the bills paid is it the same result, quandry number one!
Ian
DAKA
Well-Known Member
I think you need to hold on for a while, you havent really had fair time to settle into your new boat, imagine wanting your old boat back (similar one) and having to pay over £20k.
D
Deleted User YDKXO
Guest
I know nothing about your sailboat but I would have thought that 20% under the asking price is about right these days as an opening bid. Try not to get uptight about it and look on the bright side; somebody wants to buy your boat. Happy days. Whether you are minded to take that figure or not, obviously you don't accept the offer. Go back to the broker and tell him your absolute minimum is, say, £95k in your hand after his commission and see what happens. The broker will then know he has to trim his commission to make a deal and you've set a target figure. If the buyer really wants your boat, then he'll move closer to your target and if he doesn't move a cent, at least you know you've tried to move him
gjgm
Well-Known Member
Different views always on this. Some say return with a reduced price, others feel it is smarter just to say no, leaving the next move fully with the buyer.
I think this is low enough just to say no, that the offer is too low for you to consider or respond to. If the guy is interested, he will come back, angling for info. If he doesnt, he wasnt going to improve anyway. Its probably a reasonable bet that he has some room- not many people jump in with their final bid
I think this is low enough just to say no, that the offer is too low for you to consider or respond to. If the guy is interested, he will come back, angling for info. If he doesnt, he wasnt going to improve anyway. Its probably a reasonable bet that he has some room- not many people jump in with their final bid
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iangrant
Well-Known Member
Closest one
Thanks, that's about what I said to the broker bottom dollar 95K
She is a Jeanneau 45.2 1999 another one same year up north is up for 119,950
Ian
Thanks, that's about what I said to the broker bottom dollar 95K
She is a Jeanneau 45.2 1999 another one same year up north is up for 119,950
Ian
iangrant
Well-Known Member
The thought had struck me
however Mrs G would strike me much harder if I even suggested it..
Ian
however Mrs G would strike me much harder if I even suggested it..
Ian
This is a toughey.
I don't sell sailing boats so don't know their values too well, but a boat is only worth what someone will pay and what it is being advertised at may not be anything like what she is worth regardless of what others are priced at.
Have you had any other offers on her?
How long has she been advertised?
Has she had much interest?
Many viewings?
What comments have come back so far?
The broker will try for as much as possible. He is working for you and the more the boat sells for, the more he will make. Also remember that him taking 1% off his commission seriously kicks him in the knackers, but makes very little difference to your overall payout. Sometimes if he is working really hard for you and has so far done a sound job getting him to reduce his fee may be a bit unfair.
Now, she may well be worth the asking price or close, but remember the broker is obliged to let you know of all offers, even if he thinks it may hurt your feelings. At the end of the day, the vast majority of first offers are opening offers and some form of negotiation is expected.
Tom
I don't sell sailing boats so don't know their values too well, but a boat is only worth what someone will pay and what it is being advertised at may not be anything like what she is worth regardless of what others are priced at.
Have you had any other offers on her?
How long has she been advertised?
Has she had much interest?
Many viewings?
What comments have come back so far?
The broker will try for as much as possible. He is working for you and the more the boat sells for, the more he will make. Also remember that him taking 1% off his commission seriously kicks him in the knackers, but makes very little difference to your overall payout. Sometimes if he is working really hard for you and has so far done a sound job getting him to reduce his fee may be a bit unfair.
Now, she may well be worth the asking price or close, but remember the broker is obliged to let you know of all offers, even if he thinks it may hurt your feelings. At the end of the day, the vast majority of first offers are opening offers and some form of negotiation is expected.
Tom
iangrant
Well-Known Member
Ta
Tom Thanks
Have you had any other offers on her? No
How long has she been advertised? Three months
Has she had much interest? Market apparently Very quiet
Many viewings? don't know!
What comments have come back so far? None
I think I'll leave it at the 95K price being fair with a little haggling with broker etc, and hope he pops back with a reasonable offer..
Ian
Tom Thanks
Have you had any other offers on her? No
How long has she been advertised? Three months
Has she had much interest? Market apparently Very quiet
Many viewings? don't know!
What comments have come back so far? None
I think I'll leave it at the 95K price being fair with a little haggling with broker etc, and hope he pops back with a reasonable offer..
Ian
D
Deleted User YDKXO
Guest
Robin
Well-Known Member
8% of £85,000 is £6,800 and of £95,000 is £8,144 but of a no sale is zilch. My guess is the broker will prefer a sale over no sale but to lose a buyer for an extra £600 commission splitting the difference might not be what he wants, he is looking after No1.
One option if you are inclined would be to say yes if that is a firm and final offer regardless of any survey findings and for a quick completion since you are soon to be paying out storage costs.
If yours is the boat I think it is (green Alcantara upholstery?), we sold our Jeanneau through the same broker last December having put it with them in October. At the time they had lots of overseas interest with the weak pound and ours went to France with another potential French buyer waiting. Maybe it is quiet now as people are still out sailing on their current boats?
One option if you are inclined would be to say yes if that is a firm and final offer regardless of any survey findings and for a quick completion since you are soon to be paying out storage costs.
If yours is the boat I think it is (green Alcantara upholstery?), we sold our Jeanneau through the same broker last December having put it with them in October. At the time they had lots of overseas interest with the weak pound and ours went to France with another potential French buyer waiting. Maybe it is quiet now as people are still out sailing on their current boats?
Sorry, hang on whilst I get the violins out for you
;-)
I know you lot think we are all horrible sharks and yes there are some less than savoury people out there.
But just for a second assume that your broker is working an 8% fee take 1% of that off a 100K sale.
Thats £1K the broker is down a 12.5% reduction in his fee.
A 12.5% reduction is a bleeding big discount in anyone's books!
If the sale is only £1K apart on a £100K deal then I would hope that a good broker would be able to work out some form of added value for the vendor and purchaser instead of being put in a position where he has to take a big wack.
No idea what off the cuff, but possibly a reduced priced lift and scrub, a deal on their antifoul etc etc...
A good broker will usually have worked hard to try and make sure the sale goes smoothly and all parties are happy. "Usually" they work hard for their fee!
fireball
Well-Known Member
Isn't there a 'Used Boat Show' coming up there at the same time as SIBS? Should get plenty of 'punters' wandering around and then a potential purchaser ... it's only a few weeks away now ...
The term "Used boat show" makes me chuckle.
Every single day at a broker is a used boat show. Putting a sign up during the actual boat show is a clever opportunity to get people to stop by and take a look.
Every single day at a broker is a used boat show. Putting a sign up during the actual boat show is a clever opportunity to get people to stop by and take a look.
jfm
Well-Known Member
Ian, I have no idea whether this is true but some brokers/dealers say there is a pick up in the level of enquiries/genuine interest for the few weeks immediately after SIBS. Customers are inspired by new boats at SIBS then go and buy 2nd hand. If that is true then you might want to drag this out a bit. I mean, don't lose the buyer but play a longer game and initially try to extract a bigger price. Then another better buyer might come along after SIBS. And if not, then get more serious about selling to Mr £80k
T'other thing is, few people offer their max. They're trying it on. So Mr 80k will be good for 90k, usually
T'other thing is, few people offer their max. They're trying it on. So Mr 80k will be good for 90k, usually
Ripster
Well-Known Member
Think I would hang on a bit before accepting an offer anywhere near that low. As has been said, the boat show always stirs up new interest and many are on hols at the mo. I think your £95kish sounds reasonable too.
Good luck with it.
Good luck with it.
iangrant
Well-Known Member
Thanks fella's
yep the consensus concurs with the general thinking
a; the boat show, and b; the suggestions that mr 80k is trying a "punt"
Just a bit 'orrible being the proud owner of two boats - again, will I never learn!
Ian
yep the consensus concurs with the general thinking
a; the boat show, and b; the suggestions that mr 80k is trying a "punt"
Just a bit 'orrible being the proud owner of two boats - again, will I never learn!
Ian
CoVianna
Well-Known Member
No idea if this will help.
What did the Broker valuer the boat at?
I know it is a completely different business but when I did my valuer training for estate agency I was told no valuer could ever give an exact figure with regard to a houses valuation. You worked to 5% tolerences and explained this to the vendor client.
Has the Broker told you what you should accept for the boat?
Any comparable sales (not asking price) evidence?
What did the Broker valuer the boat at?
I know it is a completely different business but when I did my valuer training for estate agency I was told no valuer could ever give an exact figure with regard to a houses valuation. You worked to 5% tolerences and explained this to the vendor client.
Has the Broker told you what you should accept for the boat?
Any comparable sales (not asking price) evidence?
iangrant
Well-Known Member
In May
The market was stronge, blah, blah, blah, lots of europeans coming over shortage of good boats etc.... sales patter to get the sole brokerage I guess?
Anywat £119,950 was the "valuation" based on other available models the same at that price, the broker sailed her round to the stocks and knows she is up together and all works OK.
I suggested last month to drop to 105K and be realistic.
Ian
The market was stronge, blah, blah, blah, lots of europeans coming over shortage of good boats etc.... sales patter to get the sole brokerage I guess?
Anywat £119,950 was the "valuation" based on other available models the same at that price, the broker sailed her round to the stocks and knows she is up together and all works OK.
I suggested last month to drop to 105K and be realistic.
Ian
