Advice on selling boat

capta

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Jun 4, 2009
5,072
Pearson 530 Admiralty Bay, Bequia SVG
I think I know why. Because they're unnecessary middlemen who try to rip off unsuspecting buyers and sellers? :stir:
I hardly think of a broker as an "unnecessary middlemen" trying to rip off unsuspecting buyers and sellers, especially when one is spending something above 50 grand on a vessel. It is only the foolish and ignorant buyer who would think this way of all brokers. Probably the same buyers who would purchase a boat w/o a survey, because its just too costly.
Most brokers earn their money and are reputable business people. They have tools available to them which help educate a buyer, facilitate the search for the right boat, speed up and secure the sale. For the seller, a broker can get the boat out there to hundreds of thousands of potential buyers. Buyers with the desire and money to purchase a boat, not a bunch of folks spending a nice weekend day looking at boats they have not the means to buy.
 
Jan 11, 2014
13,999
Sabre 362 113 Fair Haven, NY
I've bought and sold a couple of boats through different brokers. They work on commission and the standard rate is 10% of the sales price with a minimum which probably varies from broker to broker.

For that money, they advertise, deal with tire kickers and can help facilitate the sale. If the boat doesn't sell, they don't get paid. It is also understandable that a broker or brokerage is going to put more effort into selling a $100K boat than a $10K boat. The effort to sell a $10K boat is not 1/10th of the effort to sell a $100K boat.

If you have the time and skills to sell a boat then by yourself, then by alls means go ahead. After trying to sell a boat on my own, I found it took too much time and effort, so I turned it over to a broker. If the boat is a low value boat, it may be better to sell it on your own, unless it is a distress sale or an estate sale.
 
Feb 20, 2011
8,062
Island Packet 35 Tucson, AZ/San Carlos, MX
It is only the foolish and ignorant buyer who would think this way of all brokers.
Well, I've only worked with one broker so far, who wanted to charge me $100.00 for a $25.00 Coast Guard abstract of title. So my generalization is just that, a generalization. ;)
I'm also still commiserating with the seller, who had to deal with a "year built" issue on the boat's documentation. The broker wanted $500.00 to submit clarifications to the CG, a process that actually only costs about $80.00.

Piffle.
 
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May 23, 2004
3,319
I'm in the market as were . Colonial Beach
Well, After listening to some of you all on here I have modified the adds on Craigslist. She is listed in Craigslist, sailboat owners, sailboat listings, and sailing Texas.

Wish me luck.

I haven't been able to get down to the boat to take more pictures (part of the reason that I am selling is that it is so hard to get down to her). I will attempt to do this at a later date in time.
 
Jun 8, 2004
10,536
-na -NA Anywhere USA
Spoke with Bad Obsession from the standpoint of a selling dealer. One thing advised was an oddball price which will get attention. As for C L. He is aware of that site. He is listening to all good suggestions but good ones from Hansen.
 
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Likes: jon hansen
Oct 19, 2006
337
Hunter 27-3 Brownsville, VT/Mystic, CT
We just sold our beloved 1993 Hunter 23.5, Grasshopper, two weeks ago within a month of listing for more than I thought we'd get, but I think I was very lucky. I had listed here and got several views but no responses, and at sailboatlistings getting only one response that became a sale three days later and closing a week after that.

We bought our 2007 Hunter 27-3 last fall through a broker. Traditionally that's a great time to buy, and we feel we got a good deal even after the expense of winter storage. I had always planned to hold off on selling until spring, which is generally a seller's market. I had asked the selling broker -- who I really trusted and enjoyed buying through, by the way -- if he wanted to handle our sale, but he said at less than $10k, his minimum commission would take a pretty big chunk, and he encouraged me to try and sell it myself.

Living in the mountains of VT -- not really near Champlain -- but sailing in CT on LI Sound, I reasoned it was a much better market to stay south. You know the old saw: location, location, location! I also went ahead and paid our yard a few hundred to leave her there over the winter. It was worth it not only because there would be a better market, but also because I wouldn't have to haul her 200 miles up I-91, then back again. Some of the construction through MA has just been horrendous, but I digress.

Initially listing in mid-May, I had been distressed by the lack of action but attributed it to the crappy weather in the northeast. I had listed at $9,999 because I thought 5-figures would be daunting, unrealistic, and dampening. Both the PO and I put a lot of love and improvements into her which I felt gave her a premium value. Still, I only hoped to get no less than $7500. With no action in sight, I decided to wait until the week after Memorial Day to see if the market would perk up -- it didn't -- and was on the verge of reducing the asking price by $500-$1000 when that sole inquiry came through.

The main thing I wanted to share is I staged the boat very well for the buyer to see. As they say, you only get one chance at a first impression. Washed and polished above, bottom paint scrubbed below. The cabin completely wiped down and Fabreezed. Even though she was on the trailer, I used a taller, auxiliary mast brace off the bow to create more headroom, then put out the cockpit cushions and pitched the Anchorshade. I removed all the gack out of the cabin -- boom, sails, lines, PFDs, etc -- then put out dishes, coffee cups, and untensils as if getting ready for a meal. I had the stereo playing light rock. I put out the owners manual and a chartbook on one of the sofas. Hell, I even put out fenders!

I wanted them to imagine themselves stepping aboard and using her the way we had. In the end, that made the difference, and he called me back 90 minutes after leaving with a $9k offer. I didn't even dicker with him and just took it. I felt like I was walking away with an extra $1500 in my pocket and, more importantly, a load off my mind... Priceless!

As I say, though, I think I was lucky... lucky to get that first inquiry. I was also lucky that I recognized how enthusiastic he was and that he was ready to indulge what clearly looked to me to be an impulse buy. I didn't get in the way!

That said, I did everything I could to help them see themselves living the dream. We loved our time on Grasshopper, and I sincerely wanted the next owner to have a slice of that same experience from his first moment aboard her.

Good luck in selling your dream!
 
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Likes: jon hansen
Jun 8, 2004
10,536
-na -NA Anywhere USA
VT Fitz
Good story. Take a photo of your new boat.
In October, 2014, I remodeled my home in North Carolina and staged the house. I upped the price figuring in on a realator and the first person who saw the house committed to buy at our price. The only thing giving into was an old lawnmover. We closed on a Thursday, closed on the business property and moved into our new mountain home on the next day. It sounds like we are blessed.
 

Gunni

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Mar 16, 2010
5,937
Beneteau 411 Oceanis Annapolis
Craigslist add is down. Take the dink and outboard out of the deal and sell them with a separate ad. There are plenty of folks who would see themselves in a dinghy that would not see themselves in a sailboat. Try SpinSheet (classified) up in Annapolis, it circulates all over the bay and online.
 
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Dec 1, 1999
2,391
Hunter 28.5 Chesapeake Bay
As a former part-time broker, I've seen a number of sellers make the same costly mistakes: they have a "firm" price in mind usually based on what they paid for the boat and what they have put into the boat they are selling - and they want to recover those costs. While this may work for some sellers, IMHO it does not work for a majority of sellers. In many cases, a boat may sit for months, or years, while incurring yard and insurance costs and necessitating upkeep. In the end, the seller usually winds up selling the boat for much less than if he/she priced it lower at first and sold it quickly. Nice, clean boats, with everything working right, and priced right, will sell quickly in the Potomac/Chesapeake Bay area.
Not sure if you are ruling out a broker under all circumstances, but if you want to sell your boat quickly, I suggest contacting Greg Rutkai, at Grab Bag Sailboats in Mayo, Md, and discuss selling your boat through him. He is an honest guy who sells a lot boats by showing them and pricing them for the market. He can be reached at 301-261-4079. I have no financial relationship with him.
 
May 23, 2004
3,319
I'm in the market as were . Colonial Beach
I have a guy coming from TN on Friday to look at her. I have cleaned her up, taking all of my crap out of the cabin, and staged the cabin. The exterior of the boat looks clean and good as well.

Wish me luck.
 

walt

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Jun 1, 2007
3,550
Macgregor 26S Hobie TI Ridgway Colorado
maybe set off a little polyester resin before hand for that "new boat" smell??
 
Jun 8, 2004
10,536
-na -NA Anywhere USA
VT Fitz, I introduced both the second and third (your boat) of the 27 in Annapolis. I thought it was that.
Warren Milberg; Good advice.. As I tell anyone when selling, never list a standard number for example $8,000 but list a boat say for $7, 893. It is an oddball number but sure gets a lot of attention. I told that to Bad Obsession.