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Looking at a new boat with cat d343's

  • Thread starter Thread starter sandspur1966
  • Start date Start date
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Thanks for that!
They sounded a bit different with mufflers! but the same hum!
 
Darn, someone came in and got a deposit on her before i could get on a plane to Lauderdale. Have a flight booked next week. She was for sale for over a year, i know one sale doesn't make a trend but any sense among the brokers here of a firmer market?

A beat down old 58 bertram MY in my winter marina just sold to a guy from china for $150 and he is gutting her and doing an interior and exterior refit (50k in TV's and sound systems alone). Boat is worthless to me but if i had to put a value i would probably be at half what he paid. He will have $400k plus in her by the summer without new motors... a boat that will always be worth in the 200's IMOP.
 
sandspur1966 said:
Darn, someone came in and got a deposit on her before i could get on a plane to Lauderdale. Have a flight booked next week. She was for sale for over a year, i know one sale doesn't make a trend but any sense among the brokers here of a firmer market?

A beat down old 58 bertram MY in my winter marina just sold to a guy from china for $150 and he is gutting her and doing an interior and exterior refit (50k in TV's and sound systems alone). Boat is worthless to me but if i had to put a value i would probably be at half what he paid. He will have $400k plus in her by the summer without new motors... a boat that will always be worth in the 200's IMOP.
Click to expand...
Can't make judgement based on a couple of isolated actions. I agree the Bertram deal sounds like a bad one but it was right for that buyer. A couple of years ago I was negotiating a deal on a 54C, We were within 5K when an offer came out of nowhere for 80K more than where we were. Seller took it and the deal never came together. Now they think the boat must be worth more and won't consider my offer. They sold the boat a little over a year later for 5K less than my last offer. In the future, if you're serious about a boat, make an offer and sign a contract that's contingent upon your personal inspection and then any other standard contingencies. Why waste time and money flying around to look at boats that you either can't put a deal together or the boat isn't available once you get there? I have a drawer full of contracts for boats I made offers on but never purchased. When I bought my boat, I never saw it in person until the day of survey and sea trial. I had the option to kill the deal upon inspection and not move forward with the surveys.
 
Did we ever find out what kind of boat you were looking at? Maybe there was a post on that and I missed it.
 
That 6 110 probably needs a rebuild since he ran it without water he probably overheated it too. Smoked pretty good but what do I know.
 
I had the same thought. No radiator? No water? And racing it like that? What an idiot. It's not like parts are easy to get, either. And no engine should be treated like that.
 
I would think he would be fine as long as the heat exchanger is filled with coolant. Hard to get a Detroit to temp without a load and he wasn't reving it up for any real time.
 
Yes thats her Jack and i appreciate your advice. My broker says the seller has contracts and a deposit in hand for a no-survey offer in the 250-275k range and it is a cash offer. I was prepared to go significantly higher, don't need financing but only with the obvious hull and machinery surveys. I can't imagine anyone buying a 39 year old aluminum hull without looking long and hard for wasting.

The fact that they knew i was headed down and took an offer lower than the range i was discussing with them causes me to think that they are either anxious to move a boat that would not survey out well or of course it could be they thought i was not real... it did take me a lot longer than i anticipated to free up time to go look.

Between storms, a merger at work etc i just could not get away.

Oh well one thing Ive learned is... there is always another boat. I just was really smitten with the fireplace in this one :)
 
A clean deal is very attractive to the seller of an older boat. Too many deals come apart due to finance issues and survey. I've seen survey reports that caused a buyer to drop out that an educated buyer wouldn't have been scared off of. I made several offers on boats that were cash and no survey contingencies. It gives you a lot of leverage for a good deal. The seller knows you're serious and you still get the chance to do your due diligence. Unless the deal was outstanding, I would still do my surveys but the seller knows the deal isn't jeopardized by the results. I would do my own thorough inspection and evaluation before moving forward with surveys. That's your out if the boat is shot but you need to know what your looking at.
 
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