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Re: T&T: Boat Price Negoitiations

DK
Dale Klahn
Mon, Mar 13, 2006 1:50 AM

A survey is not a price negotiation tool.  Always, Always, Always do a
survey.

Dale Klahn

"Kimberly Templeton" eagletrawler@gmail.com 03/12/06 20:24 PM >>>

Put your offer in at what your willing to pay ,if he counters then ask
for a
survey and adjust your offer based on what is learned.

On 3/12/06, dd@gregsteckel.com dd@gregsteckel.com wrote:

I have only bought two boats; one was a trade in to a dealer and the

last

one was via broker.  All owners and brokers expect that the asking

price

on
a boat will be worked down by the buyer.  Therefore, it is always

high.  I

would do a comparable search on Yachtworld.com for similar boats with
similar equipment to get a feel of the market for this type of boat to
determine what I would be willing to pay for it.  Keep in mind that

the

selling price most likely will have to meet financial and insurance
requirements as well.  Do a personal inspection on the boat and start

to

mentally lower your offer based on what you deem needs to be repaired

to

meet insurance or other operational and safety requirements; and then

make

an offer accordingly with the caveat of an acceptable survey.  After

the

survey, you can change your offer if other repairs become evident.

Greg Steckel
M/V Different Drummer
President 35 Sundeck


www.chesapeaketrawlering.com
www.chesapeakesailor.com
www.fmyc.org

-----Original Message-----
From: Joe W [mailto:cruiser6003@yahoo.com]
Sent: Sunday, March 12, 2006 6:59 PM
To: Trawlers-n-Trawlering
Subject: T&T: Boat Price Negoitiations

Evening all,
Well, I am getting close to actually putting an offer on a boat. This

is

my first foray into offer/accept dealings and I'm a bit tentative as

to

how
to proceed. During my inspection of the boat the broker (not listing
broker
but same firm) hinted that the vessel could probably be bought for X.

X is

quite a bit lower (only 72%) than what the seller is asking but almost

hit

the head of what I am willing to pay.  Now, knowing what broker thinks
boat
is worth, do I offer a bit lower, a lot lower or give the price but
indicate
firm. Also, I know there are significant items which need

repair...genset

for example. How does knowing these items need repair and will turn up

in

survey affect how I offer? Perhaps the broker was already discounting

this

in his estimation.

Bottom line is I want to give a fair price but leave as little money

on

the table as possible. What effect does lowballing have on

negoitiations?

Is
it off putting? I mean will it severely dampen his enthusiasm to sell

to

me.
Some might say...well all he can do is say no....no is not what i

want, i

want a counter to my price...
Help...
Joel
St Pete, FL
Bring photos to life! New PhotoMail  makes sharing a breeze.


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A survey is not a price negotiation tool. Always, Always, Always do a survey. Dale Klahn >>> "Kimberly Templeton" <eagletrawler@gmail.com> 03/12/06 20:24 PM >>> Put your offer in at what your willing to pay ,if he counters then ask for a survey and adjust your offer based on what is learned. On 3/12/06, dd@gregsteckel.com <dd@gregsteckel.com> wrote: > > I have only bought two boats; one was a trade in to a dealer and the last > one was via broker. All owners and brokers expect that the asking price > on > a boat will be worked down by the buyer. Therefore, it is always high. I > would do a comparable search on Yachtworld.com for similar boats with > similar equipment to get a feel of the market for this type of boat to > determine what I would be willing to pay for it. Keep in mind that the > selling price most likely will have to meet financial and insurance > requirements as well. Do a personal inspection on the boat and start to > mentally lower your offer based on what you deem needs to be repaired to > meet insurance or other operational and safety requirements; and then make > an offer accordingly with the caveat of an acceptable survey. After the > survey, you can change your offer if other repairs become evident. > > > Greg Steckel > M/V Different Drummer > President 35 Sundeck > ____________________ > www.chesapeaketrawlering.com > www.chesapeakesailor.com > www.fmyc.org > > > > > -----Original Message----- > From: Joe W [mailto:cruiser6003@yahoo.com] > Sent: Sunday, March 12, 2006 6:59 PM > To: Trawlers-n-Trawlering > Subject: T&T: Boat Price Negoitiations > > Evening all, > Well, I am getting close to actually putting an offer on a boat. This is > my first foray into offer/accept dealings and I'm a bit tentative as to > how > to proceed. During my inspection of the boat the broker (not listing > broker > but same firm) hinted that the vessel could probably be bought for X. X is > quite a bit lower (only 72%) than what the seller is asking but almost hit > the head of what I am willing to pay. Now, knowing what broker thinks > boat > is worth, do I offer a bit lower, a lot lower or give the price but > indicate > firm. Also, I know there are significant items which need repair...genset > for example. How does knowing these items need repair and will turn up in > survey affect how I offer? Perhaps the broker was already discounting this > in his estimation. > > Bottom line is I want to give a fair price but leave as little money on > the table as possible. What effect does lowballing have on negoitiations? > Is > it off putting? I mean will it severely dampen his enthusiasm to sell to > me. > Some might say...well all he can do is say no....no is not what i want, i > want a counter to my price... > Help... > Joel > St Pete, FL > Bring photos to life! New PhotoMail makes sharing a breeze. > _______________________________________________ > http://lists.samurai.com/mailman/listinfo/trawlers-and-trawlering > > To unsubscribe send email to > trawlers-and-trawlering-request@lists.samurai.com with the word > UNSUBSCRIBE > and nothing else in the subject or body of the message. > > Trawlers & Trawlering and T&T are trademarks of Water World Productions. > Unauthorized use is prohibited. > _______________________________________________ > http://lists.samurai.com/mailman/listinfo/trawlers-and-trawlering > > To unsubscribe send email to > trawlers-and-trawlering-request@lists.samurai.com with the word > UNSUBSCRIBE and nothing else in the subject or body of the message. > > Trawlers & Trawlering and T&T are trademarks of Water World > Productions. Unauthorized use is prohibited. _______________________________________________ http://lists.samurai.com/mailman/listinfo/trawlers-and-trawlering To unsubscribe send email to trawlers-and-trawlering-request@lists.samurai.com with the word UNSUBSCRIBE and nothing else in the subject or body of the message. Trawlers & Trawlering and T&T are trademarks of Water World Productions. Unauthorized use is prohibited.
JW
Joe W
Mon, Mar 13, 2006 2:30 AM

Thank you all so much for your suggestions both on and off list. Everything from "Nothing ventured, nothing gained" to "I'd rather sink it than sell at that price" sentiments. Best comment I've gleaned so far though is....it's a buyers market and you'd be a fool to pay market price...

I have been researching as best as I can , but unless you're a broker with actual sell price and know what the contingencies were you never know how valid the "average" asking prices are. So here is what I'm leaning towards.

Offer my best price, contingent on sea trial and survey (Knowing full well that there are several survey items to deal with). If he wants to fix it all ...great, i got a good dea, if not, I got a lower price but have $ to use towards correction. I know one thing, if I get it for that price it will be a fair price to me.... Perhaps I could get it for less if he is really desperate, but then again....

What is considered a predisclosed item? If I discovered it during my preinspection (which was yesterday) is it still the same as if a surveyor found it. Perhaps it doesn't matter, surveyor will find it as well. What is the going price for survey these days? 10-15/foot? Does that include sea trial? I would love to have owner along for seatrial but is that wise? Will insurance make me fix all deficiencies or just those that affect seaworthiness and safety? (I noticed it doesn't have the pot retainers mentioned a few weeks ago ...vbg)

God, this is 10x worse than buying any house....
Joel
St Pete, FL

Thank you all so much for your suggestions both on and off list. Everything from "Nothing ventured, nothing gained" to "I'd rather sink it than sell at that price" sentiments. Best comment I've gleaned so far though is....it's a buyers market and you'd be a fool to pay market price... I have been researching as best as I can , but unless you're a broker with actual sell price and know what the contingencies were you never know how valid the "average" asking prices are. So here is what I'm leaning towards. Offer my best price, contingent on sea trial and survey (Knowing full well that there are several survey items to deal with). If he wants to fix it all ...great, i got a good dea, if not, I got a lower price but have $ to use towards correction. I know one thing, if I get it for that price it will be a fair price to me.... Perhaps I could get it for less if he is really desperate, but then again.... What is considered a predisclosed item? If I discovered it during my preinspection (which was yesterday) is it still the same as if a surveyor found it. Perhaps it doesn't matter, surveyor will find it as well. What is the going price for survey these days? 10-15/foot? Does that include sea trial? I would love to have owner along for seatrial but is that wise? Will insurance make me fix all deficiencies or just those that affect seaworthiness and safety? (I noticed it doesn't have the pot retainers mentioned a few weeks ago ...vbg) God, this is 10x worse than buying any house.... Joel St Pete, FL
KT
Kimberly Templeton
Mon, Mar 13, 2006 2:58 AM

Yes you should always do a survey before buying a boat. And I believe the
survey can and should be use as a price negotiating tool .What good would it
do a potential buyer to find out about expensive repairs that are required
if in the end it had no affect on the price ?

On 3/12/06, Dale Klahn Dale.Klahn@metrogr.org wrote:

A survey is not a price negotiation tool.  Always, Always, Always do a
survey.

Dale Klahn

"Kimberly Templeton" eagletrawler@gmail.com 03/12/06 20:24 PM >>>

Put your offer in at what your willing to pay ,if he counters then ask
for a
survey and adjust your offer based on what is learned.

On 3/12/06, dd@gregsteckel.com dd@gregsteckel.com wrote:

I have only bought two boats; one was a trade in to a dealer and the

last

one was via broker.  All owners and brokers expect that the asking

price

on
a boat will be worked down by the buyer.  Therefore, it is always

high.  I

would do a comparable search on Yachtworld.com for similar boats with
similar equipment to get a feel of the market for this type of boat to
determine what I would be willing to pay for it.  Keep in mind that

the

selling price most likely will have to meet financial and insurance
requirements as well.  Do a personal inspection on the boat and start

to

mentally lower your offer based on what you deem needs to be repaired

to

meet insurance or other operational and safety requirements; and then

make

an offer accordingly with the caveat of an acceptable survey.  After

the

survey, you can change your offer if other repairs become evident.

Greg Steckel
M/V Different Drummer
President 35 Sundeck


www.chesapeaketrawlering.com
www.chesapeakesailor.com
www.fmyc.org

-----Original Message-----
From: Joe W [mailto:cruiser6003@yahoo.com]
Sent: Sunday, March 12, 2006 6:59 PM
To: Trawlers-n-Trawlering
Subject: T&T: Boat Price Negoitiations

Evening all,
Well, I am getting close to actually putting an offer on a boat. This

is

my first foray into offer/accept dealings and I'm a bit tentative as

to

how
to proceed. During my inspection of the boat the broker (not listing
broker
but same firm) hinted that the vessel could probably be bought for X.

X is

quite a bit lower (only 72%) than what the seller is asking but almost

hit

the head of what I am willing to pay.  Now, knowing what broker thinks
boat
is worth, do I offer a bit lower, a lot lower or give the price but
indicate
firm. Also, I know there are significant items which need

repair...genset

for example. How does knowing these items need repair and will turn up

in

survey affect how I offer? Perhaps the broker was already discounting

this

in his estimation.

Bottom line is I want to give a fair price but leave as little money

on

the table as possible. What effect does lowballing have on

negoitiations?

Is
it off putting? I mean will it severely dampen his enthusiasm to sell

to

me.
Some might say...well all he can do is say no....no is not what i

want, i

want a counter to my price...
Help...
Joel
St Pete, FL
Bring photos to life! New PhotoMail  makes sharing a breeze.


http://lists.samurai.com/mailman/listinfo/trawlers-and-trawlering

To unsubscribe send email to
trawlers-and-trawlering-request@lists.samurai.com with the word
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Unauthorized use is prohibited.


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To unsubscribe send email to
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Trawlers & Trawlering and T&T are trademarks of Water World
Productions. Unauthorized use is prohibited.

Yes you should always do a survey before buying a boat. And I believe the survey can and should be use as a price negotiating tool .What good would it do a potential buyer to find out about expensive repairs that are required if in the end it had no affect on the price ? On 3/12/06, Dale Klahn <Dale.Klahn@metrogr.org> wrote: > > A survey is not a price negotiation tool. Always, Always, Always do a > survey. > > Dale Klahn > > > >>> "Kimberly Templeton" <eagletrawler@gmail.com> 03/12/06 20:24 PM >>> > Put your offer in at what your willing to pay ,if he counters then ask > for a > survey and adjust your offer based on what is learned. > > On 3/12/06, dd@gregsteckel.com <dd@gregsteckel.com> wrote: > > > > I have only bought two boats; one was a trade in to a dealer and the > last > > one was via broker. All owners and brokers expect that the asking > price > > on > > a boat will be worked down by the buyer. Therefore, it is always > high. I > > would do a comparable search on Yachtworld.com for similar boats with > > similar equipment to get a feel of the market for this type of boat to > > determine what I would be willing to pay for it. Keep in mind that > the > > selling price most likely will have to meet financial and insurance > > requirements as well. Do a personal inspection on the boat and start > to > > mentally lower your offer based on what you deem needs to be repaired > to > > meet insurance or other operational and safety requirements; and then > make > > an offer accordingly with the caveat of an acceptable survey. After > the > > survey, you can change your offer if other repairs become evident. > > > > > > Greg Steckel > > M/V Different Drummer > > President 35 Sundeck > > ____________________ > > www.chesapeaketrawlering.com > > www.chesapeakesailor.com > > www.fmyc.org > > > > > > > > > > -----Original Message----- > > From: Joe W [mailto:cruiser6003@yahoo.com] > > Sent: Sunday, March 12, 2006 6:59 PM > > To: Trawlers-n-Trawlering > > Subject: T&T: Boat Price Negoitiations > > > > Evening all, > > Well, I am getting close to actually putting an offer on a boat. This > is > > my first foray into offer/accept dealings and I'm a bit tentative as > to > > how > > to proceed. During my inspection of the boat the broker (not listing > > broker > > but same firm) hinted that the vessel could probably be bought for X. > X is > > quite a bit lower (only 72%) than what the seller is asking but almost > hit > > the head of what I am willing to pay. Now, knowing what broker thinks > > boat > > is worth, do I offer a bit lower, a lot lower or give the price but > > indicate > > firm. Also, I know there are significant items which need > repair...genset > > for example. How does knowing these items need repair and will turn up > in > > survey affect how I offer? Perhaps the broker was already discounting > this > > in his estimation. > > > > Bottom line is I want to give a fair price but leave as little money > on > > the table as possible. What effect does lowballing have on > negoitiations? > > Is > > it off putting? I mean will it severely dampen his enthusiasm to sell > to > > me. > > Some might say...well all he can do is say no....no is not what i > want, i > > want a counter to my price... > > Help... > > Joel > > St Pete, FL > > Bring photos to life! New PhotoMail makes sharing a breeze. > > _______________________________________________ > > http://lists.samurai.com/mailman/listinfo/trawlers-and-trawlering > > > > To unsubscribe send email to > > trawlers-and-trawlering-request@lists.samurai.com with the word > > UNSUBSCRIBE > > and nothing else in the subject or body of the message. > > > > Trawlers & Trawlering and T&T are trademarks of Water World > Productions. > > Unauthorized use is prohibited. > > _______________________________________________ > > http://lists.samurai.com/mailman/listinfo/trawlers-and-trawlering > > > > To unsubscribe send email to > > trawlers-and-trawlering-request@lists.samurai.com with the word > > UNSUBSCRIBE and nothing else in the subject or body of the message. > > > > Trawlers & Trawlering and T&T are trademarks of Water World > > Productions. Unauthorized use is prohibited. > _______________________________________________ > http://lists.samurai.com/mailman/listinfo/trawlers-and-trawlering > > To unsubscribe send email to > trawlers-and-trawlering-request@lists.samurai.com with the word > UNSUBSCRIBE and nothing else in the subject or body of the message. > > Trawlers & Trawlering and T&T are trademarks of Water World > Productions. Unauthorized use is prohibited. > _______________________________________________ > http://lists.samurai.com/mailman/listinfo/trawlers-and-trawlering > > To unsubscribe send email to > trawlers-and-trawlering-request@lists.samurai.com with the word > UNSUBSCRIBE and nothing else in the subject or body of the message. > > Trawlers & Trawlering and T&T are trademarks of Water World > Productions. Unauthorized use is prohibited.
K
Keith
Mon, Mar 13, 2006 9:06 AM

I'd sure recommend fixing any problems known/found yourself, and negotiating
a price drop to pay for said repairs. If you let the current owner make the
repairs, I can pretty much guarantee you'll get the quickest, cheapest
action to stop the symptoms (not necessarily solve or fix the problem)
available.

Keith


We're going to have a terrorist attack, but we don't know where or when. I
think you could say the same thing about tornadoes.
----- Original Message -----
From: "Joe W" cruiser6003@yahoo.com

Offer my best price, contingent on sea trial and survey (Knowing full
well that there are several survey items to deal with). If he wants to fix
it all ...great, i got a good dea, if not, I got a lower price but have $
to use towards correction. I know one thing, if I get it for that price it
will be a fair price to me.... Perhaps I could get it for less if he is
really desperate, but then again....

I'd sure recommend fixing any problems known/found yourself, and negotiating a price drop to pay for said repairs. If you let the current owner make the repairs, I can pretty much guarantee you'll get the quickest, cheapest action to stop the symptoms (not necessarily solve or fix the problem) available. Keith _____ We're going to have a terrorist attack, but we don't know where or when. I think you could say the same thing about tornadoes. ----- Original Message ----- From: "Joe W" <cruiser6003@yahoo.com> > > Offer my best price, contingent on sea trial and survey (Knowing full > well that there are several survey items to deal with). If he wants to fix > it all ...great, i got a good dea, if not, I got a lower price but have $ > to use towards correction. I know one thing, if I get it for that price it > will be a fair price to me.... Perhaps I could get it for less if he is > really desperate, but then again....