Weekend Boat Search. A Contemplation.

oldgit

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.........or a weekend in the exotic NE of UK.
Absolute dearth of boats available on the UK market meeting my requirements to upgrade my present beloved Princess 35 (on shafts :) ) which has served me so well for the past 5 or 6 years.
After several weeks of suffering , "Sold" or "Under Offer" messages via the Interweb or on phone, pinned down two possible boats still on the market, which instantly raised doubts . Why were they still up for sale.
Unfortunately both viewings involved a 400 mile trek away from civilization into the nether regions of Englerland well outside the M25.
The first was a Failine 43 AC curiously located in a marina about 5 hours away from the sea . Have always been a distant admirer of this model of boat and was looking forward to the inspection.
First impression it was massive and clambering aboard from the pontoon was bit of drama regards crew. The real off putter after spending only afew mins aboard was the sheer lack of visibililty from the upper helm, be it ahead or astern, it was impossible to see anybody on the side decks, even when standing standing up, a real problem and dangerous ? when mooring or under way.
The inside helm was even worse, limited out the front and NIL behind.
The real killer was the steps from cabin to command bridge. Vertiginous does not describe it, you would need the skills of mountain goat to get up and down .
My crew consists of members whos ages range from 3 to 75. No chance.
It was quick visit, we thanked the broker, apologised for wasting his time and left. After good lunch in their cafe.

A night in the Premier Inn close to the next boats home marina . Despite our best efforts we never managed to work out how to turn the heating on. Meal in local resturant at a price that would not buy you a bag of crisps in St Kats. We left wondering if half the bill was missing.

The Boat we actually wanted to see, exactly what we are looking for, in every respect.
However :)
It has had a number of owners ? in very quick succession averaging about one every two years since new, 8 or 9 ! and the seller has only owned it for about a year.
Perhaps merely a case of financial jiggery pokery.
The broker indicated that intially the owner was "testing the market " and had already reduced the price due to lack of interest.
Chatting with the broker, he asked if I was interested in making an offer,there and then I indicated that it might be best to wait until perhaps a few more folks had been to see the boat before I made any offer.
The broker suggested that he had a list of people waiting to view the boat, one in fact on the following day.

My thoughts.
The "staycation" effect on UK boat prices is having a real effect on the inclination to purchase, at some point the price will collapse and purchasing a boat at current prices will amplify any loss considerably.
It does not help of course that a merely 30 miles away across La Manche is a supply of boats that could offer a saving on UK prices even if you add the 20% Brexit penalty and transport costs. :)
But at least you once had choice.
 
Im confused Fred. If the second boat was exactly what you were looking for (I'm assuming its the Princess 40 you were on about previously) , why would you wait for other people to view it before you make an offer ?
 
Im confused Fred. If the second boat was exactly what you were looking for (I'm assuming its the Princess 40 you were on about previously) , why would you wait for other people to view it before you make an offer ?

I was thinking the same. I am also not sure that multiple owners is necessarily a bad thing - our S34 was the same and it was mainly about people deciding to trade up in fairly short order. Perhaps worth a little digging?

The price issue is debatable IMHO. There is an argument that says that prices had dropped too much, particularly when the price of new boats is taken into account. That and the potential for foreign travel to remain reduced for some time might mean that prices don’t collapse any time soon or at all. Just a thought.
.
 
I was thinking the same. I am also not sure that multiple owners is necessarily a bad thing - our S34 was the same and it was mainly about people deciding to trade up in fairly short order. Perhaps worth a little digging?

The price issue is debatable IMHO. There is an argument that says that prices had dropped too much, particularly when the price of new boats is taken into account. That and the potential for foreign travel to remain reduced for some time might mean that prices don’t collapse any time soon or at all. Just a thought.
.

Prices will deffo collapse sometime soon when people realise the cost of keeping a boat and how little they actually use it compared with their rose coloured specs when they bought it on a lovely sunny day. The only question will be when the collapse will be. It will be sooner with small boats than with larger ones me thinks
 
I don't know why you'd need other people to see the boat before you'd make an offer. If it's the perfect boat for you just make an offer of what you think it's worth, if it's too low then the vendor will only say no.

I presume that by wanting other people to view before you offer, you're thinking it's overpriced, and are hoping everyone else who views will think the same so the boat will sit on the market for ages without being sold and eventually the seller will end up lowering his price?

Maybe you're right? But If it was the perfect boat except for the price, I'd still put an offer in for what I would be prepared to pay.
 
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He’s a boomer…..they just tend to moan a lot to anyone who’ll listen and they definitely don’t like parting with money !


100%. :)
The perfect boat . Yes but.....
The asking price is in the stratosphere even after a recent 12K reduction.
Not just the number of previous owners, but the fact the chap is selling it on so quickly. Suspect he paid over the top in the first place, has paid out considerable sums to get the boat to a usable condition and wants his money back. Fat chance. Expensive and complicated work has been carried out that might suggest problems with the electronic control systems and very poor maintenance by previous owners.
Careful comparison of the "warts and all" photographs in earlier boat survey and later brokers photos suggest some considerable tarting up of the engine and surrounds has been undertaken .
As for waiting for other propective buyers to view boat , if one or two prospective buyers offers suggest the boat is overpriced , hope springs enternal , if 6 or 7 walk away , its time to reconsider your asking price or remove the boat from the market and await better times...doubt in todays market that is going to be an option.
Before the staycation effect older adverts indicate the boat would have sold for between £110k and £130k.
Buy right and you sell right , buy wrong and you will lose a shedload. Suppose it depends on which camp you want to be in.
If its still there at Xmas , will put in an offer, whats the rush, there will soon snow on the decks and in my humble experience folks tend only to buy on hot sunny bank holidays ?
 
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100%. :)
The perfect boat . Yes but.....
The asking price is in the stratosphere even after a recent 12K reduction.
Not just the number of previous owners, but the fact the chap is selling it on so quickly. Suspect he paid over the top in the first place, has paid out considerable sums to get the boat to a usable condition and wants his money back. Fat chance. Expensive and complicated work has been carried out that might suggest problems with the electronic control systems and very poor maintenance by previous owners.
Careful comparison of the "warts and all" photographs in earlier boat survey and later brokers photos suggest some considerable tarting up of the engine and surrounds has been undertaken .
As for waiting for other propective buyers to view boat , if one or two prospective buyers offers suggest the boat is overpriced , hope springs enternal , if 6 or 7 walk away , its time to reconsider your asking price or remove the boat from the market and await better times...doubt in todays market that is going to be an option.
Before the staycation effect older adverts indicate the boat would have sold for between £110k and £130k.
Buy right and you sell right , buy wrong and you will lose a shedload. Suppose it depends on which camp you want to be in.
If its still there at Xmas , will put in an offer, whats the rush, there will soon snow on the decks and in my humble experience folks tend only to buy on hot sunny bank holidays ?
Just stick an offer in for what you think it's worth. Best case scenario is that he accepts and you get the boat at a price acceptable to you, worst case scenario is he says no and you can then revert to your current plan of seeing whether other potential buyers think its overpriced.
 
Maybe a small market but have you looked at UK owners (who exported their boats) selling in the EU. They still have until June 2022 to bring the boat back for you VAT free. It has to be them not you and of course you would have to offer financial guarentees to ensure your purchase in the UK would go ahead.
Transportation etc £10k ?
 
.........or a weekend in the exotic NE of UK.
Absolute dearth of boats available on the UK market meeting my requirements to upgrade my present beloved Princess 35 (on shafts :) ) which has served me so well for the past 5 or 6 years.
After several weeks of suffering , "Sold" or "Under Offer" messages via the Interweb or on phone, pinned down two possible boats still on the market, which instantly raised doubts . Why were they still up for sale.
Unfortunately both viewings involved a 400 mile trek away from civilization into the nether regions of Englerland well outside the M25.
The first was a Failine 43 AC curiously located in a marina about 5 hours away from the sea . Have always been a distant admirer of this model of boat and was looking forward to the inspection.
First impression it was massive and clambering aboard from the pontoon was bit of drama regards crew. The real off putter after spending only afew mins aboard was the sheer lack of visibililty from the upper helm, be it ahead or astern, it was impossible to see anybody on the side decks, even when standing standing up, a real problem and dangerous ? when mooring or under way.
The inside helm was even worse, limited out the front and NIL behind.
The real killer was the steps from cabin to command bridge. Vertiginous does not describe it, you would need the skills of mountain goat to get up and down .
My crew consists of members whos ages range from 3 to 75. No chance.
It was quick visit, we thanked the broker, apologised for wasting his time and left. After good lunch in their cafe.

A night in the Premier Inn close to the next boats home marina . Despite our best efforts we never managed to work out how to turn the heating on. Meal in local resturant at a price that would not buy you a bag of crisps in St Kats. We left wondering if half the bill was missing.

The Boat we actually wanted to see, exactly what we are looking for, in every respect.
However :)
It has had a number of owners ? in very quick succession averaging about one every two years since new, 8 or 9 ! and the seller has only owned it for about a year.
Perhaps merely a case of financial jiggery pokery.
The broker indicated that intially the owner was "testing the market " and had already reduced the price due to lack of interest.
Chatting with the broker, he asked if I was interested in making an offer,there and then I indicated that it might be best to wait until perhaps a few more folks had been to see the boat before I made any offer.
The broker suggested that he had a list of people waiting to view the boat, one in fact on the following day.

My thoughts.
The "staycation" effect on UK boat prices is having a real effect on the inclination to purchase, at some point the price will collapse and purchasing a boat at current prices will amplify any loss considerably.
It does not help of course that a merely 30 miles away across La Manche is a supply of boats that could offer a saving on UK prices even if you add the 20% Brexit penalty and transport costs. :)
But at least you once had choice.

I love this forum ?

A rant about the lack of availability of boats, and then turns on the boats that are available!

If the stuff is rubbish above your budget, the problem isnt the stuff! ?
 
Prices will deffo collapse sometime soon when people realise the cost of keeping a boat and how little they actually use it compared with their rose coloured specs when they bought it on a lovely sunny day. The only question will be when the collapse will be. It will be sooner with small boats than with larger ones me thinks
I’m not so sure, I think inflation and a post Covid shift in lifestyle plus a huge waiting list on new boats and increasing new boat prices will mean used prices don’t drop at all. -> What goes up doesn’t always come down.
 
I love this forum ?

A rant about the lack of availability of boats, and then turns on the boats that are available!

If the stuff is rubbish above your budget, the problem isnt the stuff! ?

Just be thankful he’s not interested in your boat:)

We had all the op’s pearls of wisdom when he bought his last boat…..it usually turns into the marine equivalent of War and Peace :ROFLMAO:
 
100%. :)
The perfect boat . Yes but.....
The asking price is in the stratosphere even after a recent 12K reduction.
Not just the number of previous owners, but the fact the chap is selling it on so quickly. Suspect he paid over the top in the first place, has paid out considerable sums to get the boat to a usable condition and wants his money back. Fat chance. Expensive and complicated work has been carried out that might suggest problems with the electronic control systems and very poor maintenance by previous owners.
Careful comparison of the "warts and all" photographs in earlier boat survey and later brokers photos suggest some considerable tarting up of the engine and surrounds has been undertaken .
As for waiting for other propective buyers to view boat , if one or two prospective buyers offers suggest the boat is overpriced , hope springs enternal , if 6 or 7 walk away , its time to reconsider your asking price or remove the boat from the market and await better times...doubt in todays market that is going to be an option.
Before the staycation effect older adverts indicate the boat would have sold for between £110k and £130k.
Buy right and you sell right , buy wrong and you will lose a shedload. Suppose it depends on which camp you want to be in.
If its still there at Xmas , will put in an offer, whats the rush, there will soon snow on the decks and in my humble experience folks tend only to buy on hot sunny bank holidays ?

Another good old saying If you snooze you lose
 
Maybe the OP likes to bide his time and see a number of vessels to get comfortable before making an offer -if the boat is new to market then I suspect a mismatch here though on a seller testing the market and a buyer searching for a long term buy at a good price. I guess with a mainstream boat like a Princess the list of comparables is quite easy to establish -the question is how great is the need or is there also a pleasure to be had in staying over trips as a boat less person?
 
Maybe the OP likes to bide his time and see a number of vessels to get comfortable before making an offer -if the boat is new to market then I suspect a mismatch here though on a seller testing the market and a buyer searching for a long term buy at a good price. I guess with a mainstream boat like a Princess the list of comparables is quite easy to establish -the question is how great is the need or is there also a pleasure to be had in staying over trips as a boat less person?

Is that not the definition of a tyre kicker
 
Buying any boat is bit like finding a wife, possibly more expensive but most certainly needing a lot more Caveat Emptor.
With wives you usually get what you see, boat sellers have a curious tendency to forget certain facts about the boat they are so reluctantly selling.

One might even suggest that their forebears might have included The Bros Grimm and Hans Cristian Anderson :).
Over many years of boat buying have probably heard them all , but always interested in a new one !
The search goes on.
 
I think if I may say so Mr OG that the phrase marry in haste and repent at leisure might be applied to many on this forum but not your good self. I trust your due diligence goes well and another Princess etc comes along soon.
 
I think if I may say so Mr OG that the phrase marry in haste and repent at leisure might be applied to many on this forum but not your good self. I trust your due diligence goes well and another Princess etc comes along soon.

Despite being somewhat disheartened by my recent exploits in the vain search to give somebody large amounts of money, did find myself irresistibly drawn back to the brokers listings, just in case had missed something or something had been added in the last 30 mins since we last looked.
 
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