Hard to sell older boats due to minimal financing options. Two members of my club were each trying to sell their older trawlers. One was willing to do owner financing. His sold quickly. The other may still be on the market.
He took 30% down and required insurance with him as first payee. Insurance provider sends him proof of coverage annually as well as notice of any changes including cancellation. If buyer cancels, loan is called or boat is retuned to seller. Seller is happy so far. Dennis C. Sent from my iPhone > On Aug 26, 2015, at 7:43 AM, Jack Fitzgerald via CnC-List > <cnc-list@cnc-list.com> wrote: > > I just went through this survey process. We agreed (my broker, the buyer's > broker & the potential buyer) that he would pay for the haul out and launch > and I would pay for the pressure wash if one was required. The survey was > perfect, the bottom was clean (this I already knew) and the potential buyer > made a very good offer at 95% of our asking price. However, he wanted me to > finance 80% of the purchase price. I told him via my broker that he was SOL > as I am not a banker and if he could not raise the cash he needed to move on. > So now we wait on the next one. > > Jack Fitzgerald > HONEY > US12788 > C&C 39 TM > > > >> On Wed, Aug 26, 2015 at 8:21 AM, Danny Haughey via CnC-List >> <cnc-list@cnc-list.com> wrote: >> HI Kurt, >> >> I think it becoming obvious to me that my ability to ask a concise question >> is, well...questionable! LOL >> >> Anyway, It had more to do with the responsibily of who should pay for the >> cleaning of sais fouled bottom, not so much whether ot not is should be >> done. Of course you cannot inspect a fouled bottom. >> >> My point is more about why would a seller not want the boat in as good a >> working order as possible. This would, in fact, make the survey go faster >> and smoother and give everyone involved a better more positive experience. >> After all, there is a level of subjectivity involved and that is a matter of >> perspective, observation and ease of doing the task at hand. So, my point >> being, and again this is my limited experience with my own boat shopping for >> 2 different boats, why do sellers not spend just a little extra, effort, >> maybe even a little money so that their boats survey as best they can? >> >> I've found now that it is common for the potential buyer to not only go out >> of pocket, on speculation, for not only the survey and haul-out, but also, >> the power-washing of the bottom. Initially I was thinking that, the >> haul-out would be a couple hundred and then the wash would be another $150 >> or so... It not so much the dollar value but the principle I question. >> >> It kind of goes along with the theory that "the seller pays the broker >> fees..." While that may be true, that value is figured into the price, and >> the buyer is the one with the money that ultimately pays those fees. No >> buyer, no fees paid... It's ridiculous to separate any fee in a sale from >> the source of the funds that pay the fee! LOL >> >> Oh Geeze this may now open another can of worms... >> >> Thanks again though for the insights and responses to what is now view by me >> as "a stupid question..." Not so much for my ignorance in needing to ask it >> but, in my inability to articulate it. >> >> Danny >> >> ---------- Original Message ---------- >> From: Kurt Heckert <kurt_heck...@att.net> >> To: cnc-list@cnc-list.com, cnc-list@cnc-list.com >> Cc: djhaug...@juno.com >> Subject: Re: Stus-List Survey Question >> Date: Wed, 26 Aug 2015 03:07:06 -0700 >> >> It is common, the bottom needs cleaning on haul out or you are trying to >> exam a fouled bottom. >> >> From: Danny Haughey via CnC-List <cnc-list@cnc-list.com>; >> To: <cnc-list@cnc-list.com>; >> Cc: Danny Haughey <djhaug...@juno.com>; >> Subject: Stus-List Survey Question >> Sent: Wed, Aug 26, 2015 1:36:17 AM >> >> Hi Guys, >> >> Okay so I've got a survey with haulout scheduled for this coming Saturday. >> during my conversation with the surveryor, he brought to light an >> interesting point. I had asked if he would be doing the sea trial before or >> after haul out and he said that it would be better to do it after because if >> the bottom were fouled, we wouldn't bet a good sea trial. He said if haul >> first and it is then we could get it cleaned, and I asked "so, we could >> clean it?" he said well you should talk to the broker. So I did and he >> said it common practice for the boat to be powerwashed on a haul out. I >> asked who would pay for that? He said I would be responsible for that. I >> said so, if this thing fails inspection, I'll paying for the owners >> powerwashing? He said that it was common... >> >> I'm thinking what $4 a foot to wash it, then haul it... I knew I had to pay >> for a haulout, but ... is that really common to be on the hook for a power >> washing? I mean it is what it is I've just never seen this conversation >> come up before... >> >> Danny >> >> _______________________________________________ >> >> Email address: >> CnC-List@cnc-list.com >> To change your list preferences, including unsubscribing -- go to the bottom >> of page at: >> http://cnc-list.com/mailman/listinfo/cnc-list_cnc-list.com > > _______________________________________________ > > Email address: > CnC-List@cnc-list.com > To change your list preferences, including unsubscribing -- go to the bottom > of page at: > http://cnc-list.com/mailman/listinfo/cnc-list_cnc-list.com >
_______________________________________________ Email address: CnC-List@cnc-list.com To change your list preferences, including unsubscribing -- go to the bottom of page at: http://cnc-list.com/mailman/listinfo/cnc-list_cnc-list.com
