Dumbest question when selling your boat

Dumbest question...hmmmm. I lost track and gave my last 4 boats to a broker to sell to let them deal with it.
 
blaster said:
I used to own a Stingray boat. One potential buyer came to look at it and asked me if it was a Corvette.
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You should have immediately replied, “All Stingrays are Corvettes, but not ALL Corvettes are Stingrays! You should buy this one now!”
 
My 240 Sundeck had 150 hours on it when I traded it. Before I traded it I listed it for sale. One guy messaged me and asked if I would take a john boat and a 10 year old Yamaha motor cycle as trade. I had the boat listed for $42K which was a few K less than I got in trade. I told him "sure as long as the john boat is full of $100 bills. Never heard back.
 
Tim Fila said:
Thats great with a boat under 50k, but what about a 500k boat?
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What about it? I don’t have a 500k boat but selling homes/businesses I feel the higher the price tag the more BS to sort through with a dreamer….I mean buyer lol.
 
Tim Fila said:
I'm talking about the 10%. I'm not dealing with BS for 5k, but for 50k, I can handle a lot of BS.
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I always love the thinking that a private seller will get as much as a broker can. I don’t trust a private seller enough to buy a half million dollar boat without a professional representing me.
 
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Update on how commissions are handled. 10% is standard, average boat, say $75000. $7500 split between 2 brokerages, now split with salesperson. That's $1875 to the your broker. For that they handle showings, contracting offers, escrowing deposits, show up for surveys and hauls (so you don't have to take a day off), usually renegotiate after survey, deal with financing, handle payoffs and all paperwork to change ownership. So what happens when deal falls apart after survey, got to start all over still for the original $1875. The #s double if another broker is not involved, does not happen all that often.
 
dwna1a said:
I guess mine has been crushed and sold for scrap. 1870hrs
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I want to add this to my own post. It’s meant for all the new owners out there that maybe reading this thread. Maintenance - Maintenance - Maintenance is the key to keeping your engines and their systems in the best working order as possible.
 
Not a dumb question, but felt dumb.

Selling my 420 on my own I got a call from a broker whom I've very friendly with. He said he had a cash buyer who's looked at a half dozen 420/44's so far and they were all crap. He was positive if he saw my boat he'd buy it on the spot. I told him that I wasn't interested in giving away 10% on the boat since I'm getting tons of interest in. I said my price was listed and that I was already prepared to take 'x' as an offer, so as long as I get that number he can take whatever he can make above it. He was like, great, should be an easy sale. I'll have my buyer call you.

30 minutes later I get a call and pick up to be greeted with "Bart, you SOB!, how the hell are you?". WTH?? Turns out his buyer was a casual friend of mine from the same dang marina. And sure enough he came over, looked at the boat, agreed to pay list price, and INSISTED he give me a deposit so I wouldn't sell it to anyone else.

There went $10K for nuthin. Oh well, all 3 of us walked away from the deal pretty happy.
 
MonacoMike said:
I always love the thinking that a private seller will get as much as a broker can. I don’t trust a private seller enough to buy a half million dollar boat without a professional representing me.
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You're suggesting that the average broker is more trustworthy, capable and/or competent than the average seller?

That's not been my experience.
 
In the end I was lucky to have a broker who I trusted be involved. In the middle of the sale I had a significant motorcycle accident and was unable to help in the sale in any way. Mike Real, my broker, handled everything from sale to survey to transport to even getting my stuff off the boat. There are definitely good ones out there.
 
MonacoMike said:
The boat may not melt, but in my area your money certainly will. Most Great Lakes boaters do not want salt water boats.
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Ive had both, saltwater boats and freshwater boats. I would never ever purchase a used salt water boat. I dont care how well maintained, it corrodes. Freshwater boats are far more preserved with basically zero corrosion. Ive had a 1970 SR with original everything including the riser. Now I picked up a 1981 and there is zero corrosion on it.

Salt corrodes and theres nothing you can do to prevent it, delay it yes, but it will win that battle.
 
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