Post for boat wanted

[jsbraga]

I don't remember how long ago I joined the forum, but let's say it's been close to a decade. I have posted answers to questions as best as I know how. I have participated at what I consider a "helpful" level for all of my colleagues on this site. I have been in boating since '75 and have bought 7 boats.

When I have some armchair boat pro tell me that my approach to buying is offensive, I take offense. It's my money, my time, and my developed sensibility that is in play. Not any "smack's" while sitting around smoking a bone and having a bad day.

OK, I've vented. Now back to buying my next boat. Love and peace everyone!!

 

[Shrew]

I don't remember how long ago I joined the forum, but let's say it's been close to a decade.

Or we could say 2017, which is what your user profile indicates.

 

[jsbraga]

Correction

Or we could say 2017, which is what your user profile indicates.

Yes, we can say 2017

 

[PM]

Hmmm, someone must have "rattled your cage".

Personally, I never make a post asking for advice when I am afraid to read the advice.

If in the course of responding to another members post I say something like "I really don't prefer gassers in a boat over 40 feet". I don't take offense if someone tells me "I love gassers in 40 + foot boats."

Isn't that what this forum is all about?

I guess I don't get where the O.P is coming from.

pete

 

[STB]

In another thread, there was seemingly some difference of opinion among members as to whether or not cash is king w.r.t. bargaining position...

 

[menzies]

In another thread, there was seemingly some difference of opinion among members as to whether or not cash is king w.r.t. bargaining position...

In purchasing a house, yes.

A boat, doubtful.

 

[GH41]

I don't remember how long ago I joined the forum, but let's say it's been close to a decade. I have posted answers to questions as best as I know how. I have participated at what I consider a "helpful" level for all of my colleagues on this site. I have been in boating since '75 and have bought 7 boats.

When I have some armchair boat pro tell me that my approach to buying is offensive, I take offense. It's my money, my time, and my developed sensibility that is in play. Not any "smack's" while sitting around smoking a bone and having a bad day.

OK, I've vented. Now back to buying my next boat. Love and peace everyone!!

Who said your approach to buying was offensive? I didn't. I do think you suggesting one of us is sitting around smoking a bone to be offensive. Let me see what I have to do to get you parked for a while.

 

[STB]

jsbraga,

Let me say this, however the peanut gallery comes across on a random afternoon -- I think everyone here wishes you an enjoyable purchase journey and many great days on the water!
-Greg

 

[BruceK]

jsbraga,

Let me say this, however the peanut gallery comes across on a random afternoon -- I think everyone here wishes you an enjoyable purchase journey and many great days on the water!
-Greg

jsbraga,happy hunting for your next boat.

 

[menzies]

jsbraga,

Let me say this, however the peanut gallery comes across on a random afternoon -- I think everyone here wishes you an enjoyable purchase journey and many great days on the water!
-Greg

True dat - the thrill of the chase!!

 

[PM]

I kind of think most boat sales are cash, up to a certain amount where the banks are calling the shots.

When I bought my last boat, I didn't have $30,000 either in my pocket or in a savings account. All it took was a phone call to my bank to get a bank check.

If as a seller if a buyer came up to me with a briefcase of cash I don't think I would take it. I also doubt if I would ever try to buy a boat with a briefcase of cash.

Of course there are different definitions of cash. One definition is the folding green stuff. An equally good definition is a "hassle free" transaction with a bank transfer or certified check.

pete

 

[jsbraga]

Hmmm, someone must have "rattled your cage".

Personally, I never make a post asking for advice when I am afraid to read the advice.

If in the course of responding to another members post I say something like "I really don't prefer gassers in a boat over 40 feet". I don't take offense if someone tells me "I love gassers in 40 + foot boats."

Isn't that what this forum is all about?

I guess I don't get where the O.P is coming from.

pete

I never asked for advice. Read my post about “boat wanted”, in the boat wanted forum. Sounds pretty simple. O.P.? Help!

 

[menzies]

I kind of think most boat sales are cash, up to a certain amount where the banks are calling the shots.

When I bought my last boat, I didn't have $30,000 either in my pocket or in a savings account. All it took was a phone call to my bank to get a bank check.

If as a seller if a buyer came up to me with a briefcase of cash I don't think I would take it. I also doubt if I would ever try to buy a boat with a briefcase of cash.

Of course there are different definitions of cash. One definition is the folding green stuff. An equally good definition is a "hassle free" transaction with a bank transfer or certified check.

pete

But would you discount your selling price because of either?

 

[jsbraga]

Didn’t mean a paper sack of Benjamin’s. My god. Cash means a quick closing without hurdles. OK.

 

[menzies]

Didn’t mean a paper sack of Benjamin’s. My god. Cash means a quick closing without hurdles. OK.

We all know that is what you were inferring.

But it actually doesn't mean squat to the timing of the closing, and even if it did, sellers aren't going to reduce their price because of waiting a week or two for closing.

It just isn't realistic.

 

[BruceK]

I don`t get starting another thread. Seems to attract the same people and cover the same ground.
Buyer and seller can approach things as they wish. If they approach it poorly, poor results may follow. Their choice.
To me,a buyer able to act promptly with funds immediately available is attractive to a seller. Sometimes a seller has more than one offer in an acceptable $ range and distinguishes between buyers on other grounds. Even a buyer with a lower offer could be preferred.
Hope it goes well.

 

[psneeld]

Buying through brokers that may have pre-qualified buyers for financing might also be a factor.


The opposite of opening up oneself to tire-kickers that tie up your bot and time from real buyers.

 

[menzies]

To me,a buyer able to act promptly with funds immediately available is attractive to a seller. Sometimes a seller has more than one offer in an acceptable $ range and distinguishes between buyers on other grounds. Even a buyer with a lower offer could be preferred.
Hope it goes well.

Agreed, however would you as a seller set your original asking price based on that, as suggested by the OP?

 

[PM]

In real estate a "cash buyer" often means just that the buyer has his financing all lined up, no waiting for the mystery of the bank to make a decision.

It also means, and this is the big one, No contingencies in the offer. No other property to sell, no waiting on a firm job offer, no pending the wife finding a job, no pending the mother in law likes the color, etc.

A no contingency offer below asking price in real estate will often "trump" a full price , contingency offer.

Just Saying,

pete

 

[Shrew]

It's always cash from the perspective of the seller. At closing the seller gets a check and they deposit it. It clears at the same speed whether the buyer has a note or not. The lack of a "Pending Financing" contingency is really all you get out of a cash sale. Maybe 7-14 for the bank to get their loan paperwork together. I don't feel like the bank would have a more stringent set of requirements based on the results of a survey. At least, not like a VA or FHA home loan for example.

I feel like most people selling a million dollar boat can wait an extra 7-14 days between the signing of P&S and the closing.

Cash in hand seems like it's more appealing to the guy selling a Camaro on his front lawn. It separates the buyers from the tire kickers.

 

[OldDan1943]

You have a fleet of 7 boats?

 

[jsbraga]

7 Boats

No Dan, I don't have 7 boats. God forbid! I'm down to 3 if you count my 2 kayaks. LOL

 

[Bryant]

Cash

In another thread, there was seemingly some difference of opinion among members as to whether or not cash is king w.r.t. bargaining position...

There seems to be a lot of disagreement regarding what a “cash” purchase entails. In one sense, all transactions wind up being “cash”. But there are plenty of contingent offers: “I’ll give you asking price but I have to sell my house, or boat or car”. I’ll give you your asking price but can you hold my check for 30 days till my CD matures”? I’ll give you full price but I haven’t applied for the loan yet. That should only take about 10 days”. I’ll give you your asking price but I only have 75%, can I pay installments to you for the balance”? And on and on. I guess I’m old school. When I say “Cash”, I mean, I have cash in my account right now. I have no contingencies, requests, considerations or need to apply for a loan. For my last two boat purchases I have explained to the broker that I have cash on hand and I can pay in full with check upon acceptance. In my case, this has worked greatly to my advantage and my offer was accepted. I’m pretty sure that my offer would not have been accepted under other circumstances. Of course, being pre approved for the full price amounts to the same thing but surprisingly, not everyone bothers to do that. Just my experience.

 

[Chrisjs]

I was curious about your rant, so went back and reread your original post and responses. Did not see anything at all that should have caused you to be offended and offensive. Only saw posts offering good advice and opinions, which I think it what you requested. Just because the responses did not match up to your wants does not mean they were incorrect. In the words of a famous British band "you can't always get what you want, but sometimes you can get what you need" - you got a needed reality check, so get over it!!

 

[jsbraga]

I was curious about your rant, so went back and reread your original post and responses. Did not see anything at all that should have caused you to be offended and offensive. Only saw posts offering good advice and opinions, which I think it what you requested. Just because the responses did not match up to your wants does not mean they were incorrect. In the words of a famous British band "you can't always get what you want, but sometimes you can get what you need" - you got a needed reality check, so get over it!!

1st time you weighed in on this from what I can tell. RANT? Hmmmm, don’t ever really rant from what I remember, but your reality is nothing I’ll argue either for or against. Constructive, thought out answers are welcome, but did I ask a question? The point is I have negotiated a price for a nice boat and am excited to take delivery. Enjoy your time on the sea. [emoji41]