Frustrated with process of selling boat

Cincy Aquaholic

Cincy Aquaholic

Active Member
Mar 15, 2009
1,329
Cincinnati
Boat Info
290 SS - 2016 Ford F250 Powerstroke
Engines
Twin 5.7 with Bravo 1's
As some know, I've decided to sell my 290, buy a new house and re-evaluate my boating style next year. Had what I thought was a deal in place pending survey which I know will be fine. Took the boat off the market and made the mistake of telling another buyer it was sold. Only to be sent an email 3 days later saying he's not going through with it. I guess it's available until paid in full!
 
Sorry to hear... good luck with the next one!
 
Yeah, there's no way I take it off the market until the deal is closed unless there is a significant non-refundable deposit taken.

After 8 months of my 400 being on the market I had a guy who seemed like a very serious buyer string me along for weeks and weeks. The same day he finally decided to put money on it another buyer came along out of the blue and offered to buy it right now, cash in hand. I took the new guy's offer and we closed the deal. Money talks.
 
Nothing is sold until the check clears and title is signed over. Sorry to hear thats what happened.
 
I know the feeling. I had a buyer come look my 290 with his teenage son. They loved it. Couldn't believe how clean and nice it was. Told me he would be back in two days with the wife and to call him if someone made an offer in the meantime. I never heard from him again.

Another guy called me no less than three times and we exchanged several emails. He said he was a cash buyer and would be up the following Saturday to look the boat over and probably buy it on the spot......that's the last I heard from him.

I have a few more similar stories but you get the point.
 
Same experience with several deals not just boats, until ANY deal is closed and you have the money in your hot sticky hand NOTHING is sold. There's no such thing, unfortunately with most folk today, as word of honor. In fact, in our biz I often wonder how we make a living withoiut going crazy the way we get jerked around, it's mind boggling what some people will do :smt101. Do hope you find a sincere buyer soon, good luck!
 
Ray could tell us stories that would curl your hair, but some of the members here may have at one time been quilty of a "false start" as this is an expensive luxury. People get caught up in the excitement until someone like us tells them what it really costs. What is disappointing is the lack of courtesy to just tell the seller and create closure. There are people out there that get off on looking and dreaming and right after orgasm they tell the seller "this just isn't for us". (If you are lucky.)

Good luck Cincy,

MM
 
Another problem is some people are just now finding out that banks don't lend money on toys like they used to.
 
Carver370 said:
Did he give you a deposit?
Click to expand...

That is the magic question................


Any deal on anything can have contingencies. It is always best to write a contract, even if it on a yellow pad, and ask for a deposit if the buyer wants the item held until he handles his contingencies. I do this on everything I sell. I'm not going to screw anyone over a few $, but business is business and I am going to cover the risk for the "bee-back" who doesn't show.

Anytime you sell something on your own, you have to be prepared do deal with the squirrels, the anonymous texters who will text at 3AM but are like bats and will never show up in the daylight, and the idiots who want to negotiate by email before ever looking at what you are selling. If you can't get some level of comfort with dealing with the 90/10 rule.......9 idiots for every serious looker......then consider using a professional broker to insulate you from the public. That 10% commission may be cheap since a good broker will more than likely get more for the boat than you as an owner/seller with real skin in the game.
 
fwebster said:
Anytime you sell something on your own, you have to be prepared do deal with the squirrels, the anonymous texters who will text at 3AM but are like bats and will never show up in the daylight, and the idiots who want to negotiate by email before ever looking at what you are selling.
Click to expand...

Great points and funny too... :smt043
 
Another "selling" related question. Did you all folks sell your own boats or did you go through the dealer/Marina. I am also thinking of selling my 310 Sundancer this year and would like to sell it myself as the local marina/dealer are not very eager.

If you sell it on your own, what about paper work?

Thanks
 
Sorry to hear that. Both my last boats sold to the first that looked at them, but I wouldn't take an ad down until she's gone. Especially in todays market.
 
George,
We sold our first boat on Craigslist in a week, no hassles.
This boat is alot more money, so we went with our dealer/broker and didn't receive a call from Oct- present. Our boat shows as an 05'- 07' we're told so that wasn't the problem, and it's a buyers market. All in all I would go with the pro's and give them their 10% and walk. They handle everything, from coordinating, survey,sea trial, delivery ,transporting ,etc. it's alot of work my friend. We ended up trading this boat to a Sea Ray dealer up North. They are doing all the work... Best of luck.
 
Tire kickers are just part of the game wherther you are selling watermelons or building material. I try to cut it short of test drives by asking the prospect to do all their visual inspection and point out deficiencies before taking a test ride. I tell them of everything I am aware of that will become evident during a test drive and I expect to be told why if they pass after the test drive is complete. On the flip side,I do the same for a seller plus ask if they will agree to a professional (surveyor or equal)inspection at my expense if nothing serious is discovered in which case seller pays or we renegoiate our deal. Works well when I am buying but still have one now and then tell me "well I realy need a larger one" or somthing about as dumb after they have done a test drive. If you ask the person turning the super market meat bunk wrong side out to give you tips on finding the best cuts,blank stare is usualy the response.
 
I had 3 calls for my 270, 2 were ready to come and see the boat, one was bringing the wife, made the appointment but became a no show. The other never called back but from the 20 minute conversation we had, they claimed to have found the perfect boat for them and could not wait to drive over and see it. I totally agree that people are finding banks to be very leary of loans on RV's and boats. Finally sold the boat 2 days ago! Now I'm back to a one boat owner.
 
Ebay, classified ad, Craigslist, CSR ad, Boattrader. Buyer's bank worked the details (title transfer, etc.) Money was wired to my bank account.
Put together a very descriptive ad with LOTS of PICS. I made a website and placed a link in my ads.

Here it is (it was free) : http://290searay.weebly.com/index.html
 
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