That's why I started my post with "blackballing" an owner. Sure some owners are a piece of work. I had one broker tell me that the boat failed survey due to moisture and the seller was unrealistic so it wasn't worth taking a look. At least he told me.
Lack of Broker Response?
- Thread starter Golfman25
- Start date
TTG
Member
- Dec 24, 2019
- 95
- Boat Info
- 2003 360DA
Mastercraft Pro Star (ski boat)
Checkmate 185 (river boat)
- Engines
- Twin 8.1 Inboards
I’m not defending all brokers...but after selling my last two cruisers on my own I’m about done selling on my own. After all the tire kickers, financing issue with buyers, checking with my wife, and my favorite—cash buyer—which really means a low baller—I’ve about had it with selling on my own. I don’t know how brokers do it. I’d lose my patience in a day with all the BS. Full disclosure—I know all of us of this forum are “pro” sellers and buyers. Where does that leave the rest of the 99.9% buying/selling public?
Todd320
Well-Known Member
- Jul 21, 2016
- 1,508
- Boat Info
- 2007 Sea Ray 320DA
- Engines
- Twin V-drive 5.7L 350 Horizon
Not me! I’m a crappy buyer (great for the seller!). So you’re asking 360? Okay, 361! Don’t make me offer 370! Literally, I’m not good at this. At least I’m aware of it...
firecadet613
Well-Known Member
- May 10, 2007
- 5,253
- Boat Info
- SOLD - 2007 Four Winns V358
- Engines
- Twin VP 5.7GXi V-Drive / ZF63s
I've sold all my boats on my own (5). I absolutely LOVE the "cash buyer". You expect me to give you a discount because you'll pay with a cashier's check?! (Which is held for two weeks) To me, that's no different from a bank when you get a loan.
Thankfully the boats I've wanted have all had great brokers or were private sales. Like everyone else, I have no patience for no responses.
MonacoMike
Well-Known Member
- Sep 15, 2009
- 14,721
- Boat Info
- 2000 Cruisers 3870
8.2 Mercs
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- 85 Sea Ray Monaco 197
260hp Alpha 1
It is funny that the “cash buyer” has become so perverted from its original intent. People borrowing from there current home equity line, people borrowing from their stock portfolios, etc. all want to act like they’re doing the seller a favor.
A cash buyer has green dollars in his hand, and nothing less.
A cash buyer has green dollars in his hand, and nothing less.
Mike in real estate I always find it funny when a buyer says thats. The sellers always ends up with cash one way or another. Well unless they are willing to trade. No mater what the seller always ends up with cash
Good point, but maybe it is just me a boat is a toy. If you need a financing contingency maybe you should not be buying it? Who is going to do the appraisal to validate the purchase price? Now sea trials and inspection are a different matter. But hey after the real estate crash back in 2008 and what is going on now day, not sure if anybody is doing real appraisals even in real estate anymore.
bahamabreisus
Well-Known Member
- Oct 25, 2007
- 2,555
- Boat Info
- 370 dancer, previous 500,420,390,300 dancers
- Engines
- 454 CI MPI
As I said earlier in this thread, I was a car dealer for many years. A "cash" buyer was not a good thing. Most people dont realize banks paid us for loans and it was also easier to sell service contracts and other products that we made commission on.
MonacoMike
Well-Known Member
- Sep 15, 2009
- 14,721
- Boat Info
- 2000 Cruisers 3870
8.2 Mercs
- Engines
- 85 Sea Ray Monaco 197
260hp Alpha 1
Mike in real estate I always find it funny when a buyer says thats. The sellers always ends up with cash one way or another. Well unless they are willing to trade. No mater what the seller always ends up with cash
Actually a mortgage buyer that is really into the house is far better than a cash buyer. The only advantage of cash is IF they do not do an appraisal, which some do. The mortgage buyer has to pay for inspections and the mortgage process and has more invested than a cash buyer that has less to lose if they walk away...
MonacoMike
Well-Known Member
- Sep 15, 2009
- 14,721
- Boat Info
- 2000 Cruisers 3870
8.2 Mercs
- Engines
- 85 Sea Ray Monaco 197
260hp Alpha 1
Not sure I can get on board with this. Are you implying if a guy buys a $350,000 vessel and wants or needs to borrow some of it they are irresponsible?
The appraisal of value is part of the survey that is used by the bank and insurance company on larger purchases on top of any other validations they may use.
What are you seeing that is concerning about appraisals? They are currently having difficulty keeping up with the rising values in many areas.
Carpediem44DB
Well-Known Member
- Aug 18, 2015
- 3,230
- Boat Info
- 2000 Carver 506
2006 44 DB Sedan Bridge
- Engines
- Volvo TAMD 74 P
I tend to agree that most boats are toys and toys or anything that depreciates for that matter ought to be purchased with cash but I don't consider our boat as just a toy, it's become very important part of our life over the past few years. I would have thought really seriously about not buying a $350,000 boat and financing a large chunk of it if I still had a mortgage and other large liabilities but having none, financing made pretty good sense for us especially when writing off the interest was beneficial. Now that we have no mortgage and Trump's Tax plan doubled the personal exemptions, itemization on our taxes became a wash. With the current low rates to finance and when buying a 15 year+ old boat, and depreciation being less of an issue I'd rather finance for 3.5%/year than pay 40% in taxes taking from the retirement well and losing out on the growth potential of the assets.
Just one point of view.
CD
Just one point of view.
CD
sbw1
Well-Known Member
- Oct 10, 2006
- 8,185
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- This is listed in my signature
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- This is listed in my signature
Brent Reed in Grand Haven is excellent. Sold my boat before the contract was signed and the listing prepared. Give him a shot when you are ready to sell.I don't know how you would go about finding a good broker. But my experience leads me to believe 60% or more are worthless
Ididntdoit
Well-Known Member
Dealing with a couple of brokers now - one boat is in fla - the broker is great - responds right away with full answers - another boat (same model and year) up here and it took me sending a message, after a WEEK of trying, that said "are you showing your listings or not? can i get on this boat in the next two days?" to FINALY get a response......as far as "cash buyer" is concerned, BOTH brokers asked me if I was (I am) and they were happy that was the case - likewise, my experience in the fla condo market has been some properties are ONLY offered on a cash basis.....the process of getting the condo assoc approved by the mortgage company can take a LONG time too - so "cash offers" definately are seen as positives by many sellers
SeaNile
Well-Known Member
I've sold my previous 8 boats on my own, no broker and sold to private individuals, no brokers on their end either. Sure you get the occasional tire kicker but I'm usually heading to the boat anyway and don't mind a 5 minute drive if they request. With this current boat I've spent about a total of 30 minutes of a sea trial/ride to 2 interested parties. Fingers crossed that I have an official offer tomorrow evening with a losing date next week. I don't think that's too bad.
As far as buying, hard to buy directly from the owner as most are listed with a broker. It's challenging to get exposure without listing with a broker, unless you use Bob @Anglers Edge Marine who charges a flat fee to advertise your boat on all the sites.
As far as buying, hard to buy directly from the owner as most are listed with a broker. It's challenging to get exposure without listing with a broker, unless you use Bob @Anglers Edge Marine who charges a flat fee to advertise your boat on all the sites.
When I was buying my dinghy a few weeks ago. We have one local dealer In Toledo and the rest are hours away. I called all 3 salesman listed on their website Twice And one was the owner. I emailed them...nothing.
I Ended up buying it out of California...who had it shipped to my house from the factory warehouse in NC within 2 days of my order, with daily updates on its progress...
I Ended up buying it out of California...who had it shipped to my house from the factory warehouse in NC within 2 days of my order, with daily updates on its progress...
I can understand not returning the phone call right away. People are busy these days and I don't like to call before/after certain times. But a quick response to the emails would be nice. That you can do at 11:00 pm.
The round leading up to buying our boat back in this past December was our first boat buying experience, and it was both for an older boat within a very specific range, initially a ~2000-ish SDA 260 or Chapparal 260 Signature, then updated to an SDA 270 wide-beam - so relatively speaking, not huge $ but $20-$30K range.
Meanwhile, I've bought and sold over 100 vehicles and a handful of properties, and thought I'd seen it all, but non-responsiveness hit an all time high dealing with boat brokers - it was off-season, pre-COVID insanity, and I was calling and emailing anywhere in the Eastern side of the US, ready to travel with cash in hand.
Even when traveling to a specific 'boat heavy' area for a weekend - very few responses.
It did work out in the end, and was very happy with Justin at http://www.bblkn.com (NC - Lake Norman area).
They're not huge, but certainly had some serious $$ in their inventory, but he went above and beyond for what wound up being a somewhat difficult sale and set of circumstances (chasing down a trailer, coordinating fixes pre and post-sale, etc.) on a relatively small $ sale.
The rest of the stories as well as a generally poor experience with (most) others, means when it eventually comes time to upgrade, I expect I'll be sticking with him unless I stumble across a local direct from owner deal, something fairly unlikely as I'm not in a 'boat central' area. I guess all I'm saying here is it's worth finding one or two that don't suck, even if sometimes it may mean waiting longer for 'the right boat' to come up.
Meanwhile, I've bought and sold over 100 vehicles and a handful of properties, and thought I'd seen it all, but non-responsiveness hit an all time high dealing with boat brokers - it was off-season, pre-COVID insanity, and I was calling and emailing anywhere in the Eastern side of the US, ready to travel with cash in hand.
Even when traveling to a specific 'boat heavy' area for a weekend - very few responses.
It did work out in the end, and was very happy with Justin at http://www.bblkn.com (NC - Lake Norman area).
They're not huge, but certainly had some serious $$ in their inventory, but he went above and beyond for what wound up being a somewhat difficult sale and set of circumstances (chasing down a trailer, coordinating fixes pre and post-sale, etc.) on a relatively small $ sale.
The rest of the stories as well as a generally poor experience with (most) others, means when it eventually comes time to upgrade, I expect I'll be sticking with him unless I stumble across a local direct from owner deal, something fairly unlikely as I'm not in a 'boat central' area. I guess all I'm saying here is it's worth finding one or two that don't suck, even if sometimes it may mean waiting longer for 'the right boat' to come up.
Woody
Well-Known Member
I like it when a potential buyer says it'll be a cash deal. At least I know from the start the deal shouldn't fall apart because of the inability to get bank financing. What the source of the money is I don't care, maybe he has his money buried in glass jugs like my Uncle George, it's none of my business
