To answer all the "why isn't my boat selling threads"

[ontheplane]

I've followed this thread quietly.

Well done.

What are you buying next?

 

[DTIM]

Well done Henry, presume the seatrial is booked on a P50 now?!

 

[Nautorius]

Well Done Henry....now the exciting part starts. All those bigger white Mobos to salivate over...

Paul

 

[henryf]

I've had a good think and a ponder as to the replacement. I did consider going down the semi displacement route largely influenced by all the doom and gloom on here. I began to think you'd never be able to sell a planing boat come re-sale time but on reflection and a bit of input from other forum dwellers I put things into perspective and on reflection I'm not sure we'd be any better off. In fact probably worse off given the planing limitations.

I had a look around the Sealine T50 but decided it wasn't quite for us, I also had a look at a lovely 2009 Fairline Phantom 48 on sale with Fairline Southampton. It was just down the road at Universal and in superb condition but a bit too small inside for our needs at the moment. It was well priced and seriously for sale so if you're in the market......

I've seen some other less common boats and have been offered enticing deals in return for Southampton boat show use and a few viewings throughout the year. Having had a good look round we've come full circle and feel we are most comfortable sticking with a Princess. So it looks like a P50 flybridge at the moment. We would also consider a 54 but that would see us in an older boat and also the dining table in the 50 lets you see out when under way. I don't think the 54 allows this. To be fair we haven't been out in either so I'm prepared to bow to someone's superior knowledge. Both would be ideal for us so it will come down to the deal on the day.

We are in discussions with Princess at the moment regarding the next boat. Watch this space as they say....

One observation I have made is the difference between dealing with main dealers and brokers when it comes to sourcing a boat. The dealers have good knowledge on prices and if you can find a stock boat which they own are realistic in their expectations. They are under no illusions and their boats sell in a timely manner. I struggle a bit with the whole price game that gets played sometimes but apparently some people are only interested in the % discount being offered. I advertised our boat for what I thought was a fair price and it made within 10% of asking. Like our buyer I'm looking at the actual cost rather than how far its been discounted.

There are boats out there which I haven't even bothered to call or show interest in because they are priced to high by the current owner. Given I'm a cash buyer with no strings you wonder why they are advertised. They will simply never sell. In stark contrast stock boats or brokerage boats where the owner has taken the advice of the dealer stick out like a sore thumb generate interest and find a home.

Henry

 

[KevB]

Well done Henry. I think you can change the tag line now

 

[BartW]

that was quick, well done and good luck with the negociations !

 

[David of Essex]

Well done Henry of the successful sale of your Princess. You have given a lot of valuable information of us boaters to take into consideration when selling our boats, thanks.
It would be ideal to know what price most boats sell for rather than the asking price because that would be the best option when putting a boat up for sale.
David

 

[jfm]

Great result Henry. Interesting case study: in my mind it proves you can sell a boat if (a) you buy the right model in the first place, (b) present it tip top condition, (c) smart advertising, (d) realistic (though not cheap/lowball) on price, and (e) generally act smart.

Great job - much respect. Especially for a very young chap . Thanks for the lesson! Good luck on buying the next one

 

[mjf]

Yes I'm with jfm on this too.

Smart lessons here Henry - great result and well done


Very nice start for you and Mrs Henryf for the 2012 season.

Put the coffee on

 

[benjenbav]

Great result Henry. Interesting case study: in my mind it proves you can sell a boat if (a) you buy the right model in the first place, (b) present it tip top condition, (c) smart advertising, (d) realistic (though not cheap/lowball) on price, and (e) generally act smart.

Great job - much respect. Especially for a very young chap . Thanks for the lesson! Good luck on buying the next one

Following your logic - with which I agree - I also think that if you do all these things, the cost of ownership is surprisingly low (all relative, I appreciate).

I have long held the view that there are two acceptable ways to own a boat: one is as described above, which involves high initial outlay and high running costs - but largely recouped on sale.

The other way is to buy a boat that has done most of its depreciating and keep it for a longish time. Again, you have to buy the right model, keep the maintenance up to date and not be swayed by the desire to change to a newer toy. (Viz top tip here: you don't change a classic.)

Well done henryf. Best of luck with the new purchase.

 

[Deleted User YDKXO]

you buy the right model in the first place,

Thats the whole key to it. Stick with a mainstream manufacturer and buy one of his best selling models with the most popular engine choice

 

[volvopaul]

Well done henry on the completion of the sale, the fun bit starts now wil readies in hand for the next "hole in the water" im sure you will make a wise decision, smehow at your age I cant see you plodding along at 7 knots!.

Thanks for the chat last week it was a real eye opener.

Im on hand if you need any help.

 

[jimmy_the_builder]

Onwards and upwards......

Henry, well done on your sale - you are reaping the just rewards of a well-executed sales campaign. Congratulations.

Good luck also with your next boat, both the p50 and the p54 are good boats and you won't go wrong with either. You know the folks at PMYS very well by now, I'm sure they'll find you a boat with your name on it!

Cheers
Jimmy

 

[kcrane]

Good luck also with your next boat, both the p50 and the p54 are good boats and you won't go wrong with either.

Well done indeed and enjoy the next stage.

At Swanwick we are sandwiched between a P50 and a P54. The P50 "Music Maker" on C09 has not moved in the over 2 years we have been there, maybe there is a deal to be done?

The other side, C13, is a lovely P54. The owner, Tim, is a nice guy and well worth talking to if you want an owner's perspective.

 

[lovezoo]

I've had a good think and a ponder as to the replacement. I did consider going down the semi displacement route largely influenced by all the doom and gloom on here. I began to think you'd never be able to sell a planing boat come re-sale time but on reflection and a bit of input from other forum dwellers I put things into perspective and on reflection I'm not sure we'd be any better off. In fact probably worse off given the planing limitations.

I don't know if you have done the figures, but what percentage of your total cost of boat ownership over the past few years does the fuel represent and how much would it have to go up by to make that cost prohibitive?

I've never really thought that the cost of fuel compared to everything else was a major factor in the total cost of boat ownership. It is just more noticeable because it is right in your face when you fill up.

 

[kcrane]

I don't know if you have done the figures, but what percentage of your total cost of boat ownership over the past few years does the fuel represent and how much would it have to go up by to make that cost prohibitive?

I've never really thought that the cost of fuel compared to everything else was a major factor in the total cost of boat ownership. It is just more noticeable because it is right in your face when you fill up.

Very rough, but taking depreciation into account on a 2007 Princess V48 with D9s, berthed in Swanwick, using pro's to do the maintenance, at 1,200 miles a year the fuel is 20% of costs.

 

[OAF]

Well done on successfully selling your boat in a relatively short time, it's good to see that with the right approach to selling it can be a success, I too sold my own boat a couple of years ago, Albeit a much cheaper boat, but still a princess fly bridge and at that time there were plenty on the market and had been for a good while, I adopted the approach that I wanted a sale, kept the price keen, wasn't greedy, wasnt unrealistic about offers,did all the marketing my self and when it came to the sea trial I took the view that this particular person that came to sea trial it had traveled a significant distance and had to stay in hotels for a couple of nights,so he had expense as well as me, plus I got what turned out to be the last time out on that boat, so it cost me a few quid in fuel and my time but sometimes it's worth taking a chance.


Well done H let the real fun begin in looking for a new toy for the season, you lucky beggar!

 

[vas]

Great job - much respect. Especially for a very young chap . Thanks for the lesson! Good luck on buying the next one

reality check!

iirc Henry is in s/h trade of luxurious stuff, ok porsche's and not boats, so I'd be very much shocked if he wouldn't pull it off the best possible way and quickly. Comeon, if he didn't know what he's doing he wouldn't have the money to buy the P42 in the first place

So, yes, well done, just watch the pro at work, a good lesson for all
(I don't care as I'm not going to be selling me 35yo mobo before it turns 40+ and Greece is out of this mess...)
OK, the last one was a joke

cheers

V.

 

[admillington]

Well done

Henry - excellent news - quality always sells.

Get a new boat soon - being boatless as I am until the 7th April is driving me mad.

SWMBO is making me do boring things at home and I can't wait to get back to work on Monday.....

 

[OAF]

SWMBO is making me do boring things at home and I can't wait to get back to work on Monday.....

shame we don't have a 'like' buttoh haha

Same problem here!