Dear broker- it's not you, it's me?

[proudsailor]

Been actively looking for over a year. Fell in love with a trawler last year that the broker said was "ready for the islands" only to find out she wasn't ready to leave with me anywhere, nor could she (survey sea trial couldn't get her out of the marina). Found another beauty this week advertised by a reputable broker as both engines w/ "recent major overhaul" and listing only the hours since overhaul. Informed said reputable broker I want to ask for her hand in marriage after a description of the major overhaul (an overhaul makes better marriage material, right?) for which a receipt literally only saying "repair of port engine" was provided. Was subsequently told I had enough detail, now either propose or go away.

Am I being too picky? Are my expectations in my broker relationships too much? Can't we get to know each other even a little bit before spending money on an engagement ring? She's so pretty, but I know looks aren't everything. Can she go the distance? I like them older and wiser, but to jump right in without even knowing her health seems like a mistake. Maybe I need to play hard to get? Since Ann Landers is dead, I'm forced to seek relationship advice here.

It's me, isn't it? I'm not ready for a this relationship, am I.....

[SteveK]

Originally Posted by proudsailor

......................

It's me, isn't it? I'm not ready for a this relationship, am I.....

Probably its you, but I would like to get to know you better to confirm it.

[proudsailor]

Originally Posted by SteveK

Probably its you, but I would like to get to know you better to confirm it.

I'll buy you dinner, but nothing more until you show me the condition of your engines......

[jgwinks]

Sometimes "overhaul" means they painted it. I too would want to see documentation. Any time they won't tell you something, I'd assume they're hiding the real answer. But of course the broker only knows what the seller told them, and maybe doesn't want to bother them with a thousand questions.

[SeaLion]

“Ready to cruise” usually means …to the yard for months of repairs.”

We looked at a boat recently in “fantastic condition”. The dirty interior and list of issues and hillbilly “upgrades” to be resolved was breathtaking.

Don’t get discouraged! You have to ignore the “salesman’s puffing” and look carefully for reality. :-)

[Pete Meisinger]

A complete overhaul can cost close to $20,000. It does not add that amount to the value of the boat but it is a great selling point to ask near Blue Book.

There must be documentation to back it up. Anyone can say "rebuilt' !!

pete

[SteveK]

Originally Posted by Pete Meisinger

A complete overhaul can cost close to $20,000. It does not add that amount to the value of the boat but it is a great selling point to ask near Blue Book.

There must be documentation to back it up. Anyone can say "rebuilt' !!

pete

$20,000, that is a good point, show me the invoices for the overhaul, those should be available to a buyer if advertised as such

[Don L]

The engine in the dockmaster at my marina's boat was "frozen". He told me he had had that engine "rebuilt" recently. So he paid paid big $$$$ to have the engine rebuilt again and then put the boat up up for sale. Boat sold and passed the sea trails and money changed hands. The new owner got the boat 3 hours away and the main seal blew out. So the new owner called the mechanic who just did rebuild and the guy says "Now that I think about it I may have used the wrong seal. I can come fix it for $7k."

So to me "engine recently rebuilt" means nothing more than "engine has had problems".

BTW - to me there is no reason to not get your own broker when looking to buy a boat. It shouldn't cost you anything and a selling broker normally responds to another broker better and with more info that they do to a "buyer" that if they don't have a broker are considered "tire kickers"

[hytedin]

I wish more people would fully disclose and provide accurate documentation at initial inquiry.

The “used car” approach of some brokers and sellers is grotesque.

The “take it or leave it” mentality can’t be sustained forever.

Eventually the market will cool, covid inventory will return, and lots of half-cared for boats will enter the market.

Sadly, dockage doesn’t seem to retreat to earlier norms.

Keep looking!
Keep asking!
Make offers and be willing to walk away!
Find a surveyor that will split the survey process so you’re not on the way to a hauling out hours before transferring funds. The extra survey cost will save you in wasted yard fees.

Now, this is not to say all sellers and brokers are like above. But, no boat is worth being swindled or wasting money.

Now, in deference to sellers, a lot of people are tire kickers. And, a buyer needs to understand the value of a boat to not be insulting and time wasting too.

Finally, watch the forums of various boat types. Good boats are often listed there first, or we’ll known by that community.

Admitted, this is fully my opinion. My last three purchases and sales have been satisfactory. In each sale I provided a bundle of true documentation, and all surveys I had on hand.

[psneeld]

Just about everything on a used boat is a crapshoot. Warranties on new boats even ony help you get some money back of major failures.

Don't think you are ever going to get a good deal on a used boat and you will never be disappointed.

[proudsailor]

Originally Posted by Don L

BTW - to me there is no reason to not get your own broker when looking to buy a boat. It shouldn't cost you anything and a selling broker normally responds to another broker better and with more info that they do to a "buyer" that if they don't have a broker are considered "tire kickers"

Thanks- using buyer help who has been the middle man. Still the response we get...

[BruceK]

A "buyers broker" paid by the seller but only if you buy, isn`t fully independent.

[High Wire]

Agree with crapshoot. Your eyes, your surveyor, your money, your risk.

[Eli27]

Yeah, i just went through that. Broker pushing the sale and buyer pushing the sale before boat was completed to agreed upon state. At the end buyer backed out of deal. And between money out of pocket for down payments on surveyor and marina charge for lift and my time spent at motel cost me over 2k.

I hate this looking for a boat $hit. People think they got the greatest boat in the greatest conditions and everything is perfect but a couple of "little" things and you cant get them to put water in the tanks to check the tanks and water system in the boat. Make ya wonder why.

Oh and remember,,, my price is firm. No negotiation on price.

Yep, what i learned is this,,, Price is firm you say, sure, no problem. Fix all the "little" things you say it needs and ill cut you a check as soon as the surveyor says yeah not a bad little boat,, good luck!

The worst thing about it is the waste of time it causes. Especially when you have an expiration date. That makes it suck even more.

[BruceK]

From another thread I thought the US boat market was no longer a "sellers market", but posts above suggest seller/broker truculence continues. I`m not in the market but here(Australia), going into winter, from adverts and "price adjustments(=drops) our market seems normalized, maybe tending towards buyers market.
When boat hunting you kiss a lot of toads before finding your princess.

[Bmarler]

I find that boats are similar to good women. The best ones seem to find you when you least expect it. That’s been my experience anyway.

[Rufus]

I live in Texas and our boat is for sale on the Great Lakes. A few weeks ago a "buyer" looked at the boat with the broker. The next day he calls me (got my name from a tag the storage facility had placed on the boat) and asks if I would mind if he and his son spent a day on the boat without the broker. I agreed. When I got to the boat a week later I learned from friends in the building that he had made multiple visits snooping around, going through my personal papers, and conducting his own "tap" inspection of the hull. He and his son left tracks from dirty shoes all over the boat (inside and out), and then started a "what about this, what about that" e-mail third degree about piddly crap. I wasted days corresponding with this loser before he finally went away. The buyer segment is full of cheap skate jerks. Stop whining.

[sunchaser]

One quick look inside the ER reveals a lot for attentive and knowing eyes. On a good brand 4 stroke diesel a rebuild on a less than 20 year old engine indicates poor maintenance at some point if hours less than 4-6 thousand.

The real action in the boat market is the buy and sell of unlisted vessels. All boats sell at some point. Find that vessel where the owner of a known cream puff is for a variety reasons ready to move on.

Slugs abound, cream puffs don't. Spotting the difference is the crux of boat buying. Brokers or not, a quality boat stands out, no sales BS is needed.

[twistedtree]

Originally Posted by Rufus

I live in Texas and our boat is for sale on the Great Lakes. A few weeks ago a "buyer" looked at the boat with the broker. The next day he calls me (got my name from a tag the storage facility had placed on the boat) and asks if I would mind if he and his son spent a day on the boat without the broker. I agreed. When I got to the boat a week later I learned from friends in the building that he had made multiple visits snooping around, going through my personal papers, and conducting his own "tap" inspection of the hull. He and his son left tracks from dirty shoes all over the boat (inside and out), and then started a "what about this, what about that" e-mail third degree about piddly crap. I wasted days corresponding with this loser before he finally went away. The buyer segment is full of cheap skate jerks. Stop whining.

This is the other side of the problem. There are people wasting other people's time on both sides of these deals, and it makes it really difficult for legitimate buyers and sellers to find each other. In theory, brokers help with this sifting and sorting, but many seem to only make the situation worse.

[Pete Meisinger]

I would hesitate to let a potential buyer full access to my boat. There should be someone with them.

pete