Keoki
Member
- Joined
- Aug 25, 2020
- Messages
- 6
- Location
- United States
- Vessel Name
- Kai Lani
- Vessel Make
- Silverton 392
Good Morning fellow Trawlers Fans,
My wife and I are getting closer to pulling the trigger on buying our future dream. I have some more questions though that I have no answers and am trying to draw from your vast experiences.
1. Our budget is $80K-$140K for a 44'-48' vessel. We have about 40-50% to put down. We like the Gulfstar/Californian layout and would look to buy in the MD/VA market.
Moving forward, will we get pushback from a finance institution trying to finance the remaining principle? Do brokers help in this area and do sellers frown on financed purshases? We have equity in our home but are trying to avoid using it. Any suggestions? We plan on getting anything we settle on surveyed but thats expensive and time consuming, its a sellers market so we are concerned with timing of a future sale as well.
2. On an older vessel are there any hidden maintenance fees that we should monthly budget for? ie. Insurance, Slip Fees, Monthly haul outs for bottom pressure/barnacle scrub downs?
I am just trying to plan our yearly fees so we are not blind sided and derailing our dream.
We are impressed with Piney Narrows Marina in the Chesapeake, and are planning on leasing a slip there. Annual slip fees are around $4300.
Thanks for your time.
Respectfully.
My wife and I are getting closer to pulling the trigger on buying our future dream. I have some more questions though that I have no answers and am trying to draw from your vast experiences.
1. Our budget is $80K-$140K for a 44'-48' vessel. We have about 40-50% to put down. We like the Gulfstar/Californian layout and would look to buy in the MD/VA market.
Moving forward, will we get pushback from a finance institution trying to finance the remaining principle? Do brokers help in this area and do sellers frown on financed purshases? We have equity in our home but are trying to avoid using it. Any suggestions? We plan on getting anything we settle on surveyed but thats expensive and time consuming, its a sellers market so we are concerned with timing of a future sale as well.
2. On an older vessel are there any hidden maintenance fees that we should monthly budget for? ie. Insurance, Slip Fees, Monthly haul outs for bottom pressure/barnacle scrub downs?
I am just trying to plan our yearly fees so we are not blind sided and derailing our dream.
We are impressed with Piney Narrows Marina in the Chesapeake, and are planning on leasing a slip there. Annual slip fees are around $4300.
Thanks for your time.
Respectfully.