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Old 06-13-2014, 11:33 PM   #21
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Gulfstars are known for bedding deck issues and some have hull blisters.
They have fantastic FRP fuel and water tanks.
The motors are old school diesels so knowing their condition is important.
I knew what I was looking for I even had a friend check the boat out.
Then I hired specialists for the important areas for me.
In the end it worked out well. At least so far ask me the end of next season and I could have a different opinion.
Bill
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Old 06-14-2014, 07:39 AM   #22
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A good buyer's broker Is like a good boat, but a little harder to find.


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Old 06-14-2014, 11:25 AM   #23
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I bought my boat from a private seller, with no brokers involved. I had a great surveyor who took on some of the tasks that a broker may have, such as drawing up and witnessing the bill of sale, organizing work on the boat to satisfy insurer, and getting it loaded for transport by truck. No commission paid, just a fixed agreed price. Great deal which saved me a lot of headache.
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Old 06-14-2014, 01:25 PM   #24
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I bought my boat from a private seller, with no brokers involved. I had a great surveyor who took on some of the tasks that a broker may have, such as drawing up and witnessing the bill of sale, organizing work on the boat to satisfy insurer, and getting it loaded for transport by truck. No commission paid, just a fixed agreed price. Great deal which saved me a lot of headache.
Don't know if thats common practice in OZ or not but those glaring conflicts of interest would cost me my SAMS accreditation.
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Old 06-14-2014, 02:26 PM   #25
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When we buy in a couple of years we plan to use a buyers broker. It seems like it will make the whole process easier, so why not. It doesn't cost me anything. Just like in real estate, find a good broker to represent you.
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Old 06-14-2014, 04:47 PM   #26
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IMO brokers are on their own side.

Their motivation is to close the sale and get paid. They maybe very knowledgable boat people able to offer good opinions about questions by either side but getting concessions from whoever will move closer to a deal is what they do . They provide a service getting buyers and sellers together bit I don't see them as being on anyone's side.
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Old 06-14-2014, 05:44 PM   #27
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IMO brokers are on their own side.

Their motivation is to close the sale and get paid. They maybe very knowledgable boat people able to offer good opinions about questions by either side but getting concessions from whoever will move closer to a deal is what they do . They provide a service getting buyers and sellers together bit I don't see them as being on anyone's side.
I don't think one can speak universally about brokers or any profession. I know brokers I would very much trust to be on my side, recognizing their ultimate goal is commission, but knowing they're wanting to earn it by me getting the right boat. Other brokers I wouldn't go near. Finding the right one is the key. It's like any kind of broker-real estate, stock, car....all different.
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Old 06-14-2014, 07:55 PM   #28
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On our last purchase we used the seller's broker. Seemed like a nice guy, but we discovered he was a lying weasel. He did a terrible job for the seller. We made an offer 25% below market. We were the only people he had shown the boat to in several months. His commission was way more than if he had sold the boat at asking price and split with another broker. He convinced the seller to accept our offer.
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Old 06-15-2014, 02:53 AM   #29
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I think it is really all about how comfortable the buyer is in negotiating directly with the seller or seller's broker. I prefer to avoid a third party who simply clogs up communications. Same thing when buying a home. I generally prefer to work directly with the seller's broker. I do not think that a "buyer's broker" really works for the buyer, though they may sometimes identify vessels/homes not listed on YW or MLS. Most times, they are simply another selling agent intending to split the commission.
I agree. Both are interested in the sale being made. That being the case I doubt involving two brokers is likely to help a lot. Although the seller's broker is supposedly trying to get the best price for his owner, he/she is also cognisant of the fact if the sale falls through he/she makes nothing, so will often suggest some form of reasonable negotiation, especially if the seller is tending to over-price the vessel. Certainly that is how it works her in Oz, and I've been through the process several times.
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