680 Sun Sport

The other boat I am familiar with I had surveyed in August. The boat failed survey so we walked. The broker said fine we will wait for a buyer that does not want a survey and would not discuss the needed repairs. They are still waiting. I take this to mean the market is beginning to change. Good luck
 
swaterhouse said:
That shows he is not a serious seller. If he signed the contract you are entitled to all your expenses paid after the contract was signed.

At a minimum I would get a credit for the amount to have your surveyor return the week before closing and ask that he put an equal amount to your deposit in escrow. If he backs out in January he owes you your full deposit plus his escrow money. If he is serious about selling no reason for him not to.

The seller of our current boat literally moved off all his personal belongings the day he signed the contract. We did the same when we sold our last boat.
Click to expand...

The story I’m getting is that the seller sold a condo in the Bahamas and is waiting on a new one to be built and that he is upgrading to a larger yacht.

I have no idea why he can’t just move on to the larger yacht.

Apparently he did not tell his wife he was selling the boat and now she’s telling him she can’t move until blah, blah, blah, whatever because they don’t have a place to live.

I like your suggestions and I’m gonna run all of hay by my broker.

We’ll see what happens.
 
ttmott said:
Does the seller expect to use the boat after the contract is signed and worse if surveys completed? That's a no no.
What about maintenance on the vessel over that period?
Or is the seller trying to avoid some tax consequences?
Kinda weird..
I would take a deep breath and try to understand the issue; I'm sure the brokers would like to take commission before next year. Maybe after peeling back the onion this is not worth letting the vessel slip through your fingers.
Click to expand...
I think it’s a matter of his wife being afraid of not having a place to live. Obviously that is not my problem.
 
SearayPaul said:
The other boat I am familiar with I had surveyed in August. The boat failed survey so we walked. The broker said fine we will wait for a buyer that does not want a survey and would not discuss the needed repairs. They are still waiting. I take this to mean the market is beginning to change. Good luck
Click to expand...
Brokers statement tells me he’s a snake and he waiting for a patsy. Doesn’t tell me market is changing, tells me the Snake Oil drummers from 1880 are still active.
 
The broker said fine we will wait for a buyer that does not want a survey and would not discuss the needed repairs.
Sounds like the jackass wanted sell me a boat (aka. POS) and told me he could sell for way more than the price he offered me.
 
SearayPaul said:
The other boat I am familiar with I had surveyed in August. The boat failed survey so we walked. The broker said fine we will wait for a buyer that does not want a survey and would not discuss the needed repairs. They are still waiting. I take this to mean the market is beginning to change. Good luck
Click to expand...
Guys like that give brokers a bad name.

I looked at a used boat that ended up having evidence of significant issues and serious questions about the mechanicals. The owner hadn't cleaned it up at all, and didn't disclose the issues to the broker who was both on the listing and selling side. My broker was furious at the seller for not disclosing stuff, making him drive 3+ hours multiple times when the boat wasn't saleable, etc. After learning of the issues the broker removed the listing because he didn't want anyone getting stuck. The dealership he worked for ended up taking the boat on trade (for a reduced cost) and making all the repairs themselves. I was only too happy to share the oil analysis and survey results with my broker so that jerk didn't get away with trying to pass off problems to someone else. Being a stand-up guy got my broker the sale for the next two boats I bought.
 
I peruse boat trader quite often looking at searay yachts i could never afford. This one was on the “what if my powerball numbers” hit list. Its been on boat trader for quite some time for this market so something smells fishy here.
 
Tucker K5 said:
The seller is not cooperating.

He listed the boat with a broker.
I flew to Miami to look at it.
Our two brokers worked out a price between us and we both verbally agreed.
Then the seller wanted 6 weeks to close instead of 4.
I agreed and signed the contract.
Now he wants to wait until January.
Dammit!!
Click to expand...


Following !! I'm not an Attorney but I have paid a few ! Contracts are usually enforceable especially when Brokers want the dough !! Good luck...we are all following !
 
Johnnywhip said:
Following !! I'm not an Attorney but I have paid a few ! Contracts are usually enforceable especially when Brokers want the dough !! Good luck...we are all following !
Click to expand...
The seller only agreed verbally.
The broker sent us both a contract to sign which I did.
The seller said he would be available to sign personally the next day.
He balked before he signed.
 
Tucker K5 said:
... If you still see holes in my plan please elaborate. Part of my reason for posting here is to open my eyes to potential pitfalls before I make this leap.
Click to expand...

Very beautiful well appointed boat, good luck with her should you find everything in order.

That said, you should PAY a noted captain to properly train/teach you what you need to know. Friends are great to fill in/re-assure what you have been taught (captains or not). You need someone that is not afraid to tell you what you need to know and what your doing wrong/right. I would recommend our own @Capt. Rusty Higgins . He has helped many on here already and has the experience on your boat to be able to help you out. The insurance company will most likely require a professional captain to instruct and sign off on your abilities before they will grant the policy. Good Luck in your decision(s).
 
SKybolt said:
Very beautiful well appointed boat, good luck with her should you find everything in order.

That said, you should PAY a noted captain to properly train/teach you what you need to know. Friends are great to fill in/re-assure what you have been taught (captains or not). You need someone that is not afraid to tell you what you need to know and what your doing wrong/right. I would recommend our own @Capt. Rusty Higgins . He has helped many on here already and has the experience on your boat to be able to help you out. The insurance company will most likely require a professional captain to instruct and sign off on your abilities before they will grant the policy. Good Luck in your decision(s).
Click to expand...
That is great advice!
I will definitely follow it to a T.
Thanks!

@Capt. Rusty Higgins
Would you be interested in helping me if I get this purchase done?
 
Tucker K5 said:
The seller is not cooperating.

He listed the boat with a broker.
I flew to Miami to look at it.
Our two brokers worked out a price between us and we both verbally agreed.
Then the seller wanted 6 weeks to close instead of 4.
I agreed and signed the contract.
Now he wants to wait until January.
Dammit!!
Click to expand...
for what its worth I bought a L650Fly exactly one year ago and when i negotiated the deal the guy accepted my price but wanted till January to close I agreed but renegotiated the price and got him to do services on the engines and add a CAT engine warranty and agreed to a certain no of hours and a discount for any hours over that .. The deal went smooth did the survey in late January cause I could not get there till then had a bunch of stuff the owner agreed to do I finally closed on the boat end of March...
 
A real bummer when you find your dream boat, have the money all figured out and negotiate in good faith only to find out your dealing with a douche! I know the boat is high quality and the pics look great but I would have one major concern and that is its a live aboard boat. I'd want to know how long the folks have had it as their primary residence as daily use wear and tear can be significant and not always readily apparent. Myself, once a deal goes sideways, I put it in my rear view and keep looking. I also would look hard and fast at my use and the exponential increase in annual costs to owning a vessel of that magnitude. Your obviously a successful business guy that is resourceful but also concerned about economy as well. I seems that a boat of this magnitude really needs an owner with a limitless budget and stomach for writing big checks with out flinching. Hate to see your dream boat become a friggin' curse if there were other options that just make more sense. Just my 2 cents. Either way good luck to you!
Carpe Diem
 
Carpediem44DB said:
A real bummer when you find your dream boat, have the money all figured out and negotiate in good faith only to find out your dealing with a douche! I know the boat is high quality and the pics look great but I would have one major concern and that is its a live aboard boat. I'd want to know how long the folks have had it as their primary residence as daily use wear and tear can be significant and not always readily apparent. Myself, once a deal goes sideways, I put it in my rear view and keep looking. I also would look hard and fast at my use and the exponential increase in annual costs to owning a vessel of that magnitude. Your obviously a successful business guy that is resourceful but also concerned about economy as well. I seems that a boat of this magnitude really needs an owner with a limitless budget and stomach for writing big checks with out flinching. Hate to see your dream boat become a friggin' curse if there were other options that just make more sense. Just my 2 cents. Either way good luck to you!
Carpe Diem
Click to expand...

All good input.

I may just sit back and wait in him to come back to me and if it doesn’t happen maybe look for something in the 50-60 ft range and a model that will be more liquid.
 
Carpediem44DB said:
A real bummer when you find your dream boat, have the money all figured out and negotiate in good faith only to find out your dealing with a douche! I know the boat is high quality and the pics look great but I would have one major concern and that is its a live aboard boat. I'd want to know how long the folks have had it as their primary residence as daily use wear and tear can be significant and not always readily apparent. Myself, once a deal goes sideways, I put it in my rear view and keep looking. I also would look hard and fast at my use and the exponential increase in annual costs to owning a vessel of that magnitude. Your obviously a successful business guy that is resourceful but also concerned about economy as well. I seems that a boat of this magnitude really needs an owner with a limitless budget and stomach for writing big checks with out flinching. Hate to see your dream boat become a friggin' curse if there were other options that just make more sense. Just my 2 cents. Either way good luck to you!
Carpe Diem
Click to expand...
I guess I can’t agree with your position here at all. We have used our boats as “liveaboards” for many years until we bought a marina-side condo a few years ago. Living on the boat has enhanced the value, maintenance and upkeep way beyond that of a weekend warrior, or worse, an absentee owner. When you’re on that boat 24/7 you hear, see, and smell every little issue the second it comes up. Vacuflush pump cycling frequently, you hear it. Bilge pump cycling, you hear it. A/C in the guest stateroom not working, you know it.

I have found nothing better for maintenance and upkeep than actually living aboard. And I think that attention makes my boat better maintained and kept up than a boat that gets a “visit” every week, month, quarter or year.

But hey, just my opinion for what it’s worth….
 
I do have to caveat that when it comes to the higher end boats, the livaboard issues may be less of an issue as an owner of that class of vessel is not living on board because it’s economical. We see a lot of live aboard boats in the Bay Area and they are not owned by live aboard boat enthusiasts, they are used as condos and rarely operated. Hopefully this boat was used and loved as well as a place the owners called home.
Perspective
Carpe Diem
 
You must log in or register to reply here.

Forum statistics

Threads
113,117
Messages
1,426,452
Members
61,032
Latest member
Brock340
Back
Top