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Sea trial procedure for sellers?
|Author||Topic: Sea trial procedure for sellers?|
posted 01-12-2007 11:22 PM ET (US)
Any advice, please, for handling sea trials so as to thin out the guys who just want a boat ride? As I mentioned, the new man in my life is selling his boat, and he's shown her to a few people who seem genuinely interested.
He asked me to ask your advice on offering sea trials. Thanks.
posted 01-12-2007 11:33 PM ET (US)
A comensurate deposit to be deducted from the price of the boat at the close of the sale. No sale, no deposit return.
posted 01-13-2007 12:39 AM ET (US)
Offer a sea trial only after the boat is under contract with a deposit. The contract is written to say that the deal will close at XX price contingent upon a successful sea trial. Define what is a successful sea trial (e.g. boat runs on plane up to xx rpm, engine starts and runs smoothly, etc.). You can agree (in writing) with the buyer under what terms you are willing to cancel the contract based on findings in the sea trial, and whether the deposit will be refunded and under what conditions. I think it is reasonable to start and run engines at idle, either in the slip or on the trailer as part of the "looking" process. Also, be careful about taking boat rides with unknown persons. Have someone capable with you to deter theft of the boat or worse.
posted 01-13-2007 07:09 PM ET (US)
I, er, like going for boat rides. That's why I own one.
A sea trial offers a great opportunity to show off the boat. A buyer is imagining the wind in his hair, the scenery, the whole boating experience - not the boat taking up all the space in his/her garage. The sea trial changes the deal from being cold and businesslike to smiles and passion.
posted 01-15-2007 06:24 PM ET (US)
I required a sea trial of my 19 footer before any money exchange. If the seller required a deposit, I would not have bought the boat. It can't cost much more than $20 and an hour to sea trial a boat. If the boat is in the water, It's just a matter of cranking it up and going. If it's on a trailer, it offers a chance to check out the trailer to make sure it's worthy. It's not like you are asking for an offshore fishing trip to make sure the boat is capable.
posted 01-15-2007 06:52 PM ET (US)
What kind of boat?
I agree with Andy in general. Buyer may sea trial and have an expert(s) look at the boat only after a contract to purchase is executed, with terms as to the conditions of sale and delivery, and require a deposit at the signing of the contract.
Verbal contracts are nightmares, a written contract eliminates the he said/she said nonsense, especially after the sale, with respect to conditions sold.
A minimal deposit with a written contract to purchase (terms) is not unreasonable. I wouldn't be liberal with an amount of time alloted for the buyer to do their inspections. All costs of the sea trial is a customary expense of the buyer.
If the boat is a large one and big dollars, the greater the need for the transaction to be well spelled out in writing.
The less desirable the boat, the more accomodating you may have to be in your presentation and terms. Just protect yourself adequately, to your benefit, in any representations or terms you agree to in the transaction.
posted 01-15-2007 07:27 PM ET (US)
Are you launching where the Revenge is kept?
I would tell the prospective buyer(s) that
Of course, if in slip it makes it easier - but if you have to go through no wake zone to open ocean for WOT like we did with you guys that will take a whole lot of time.
Glad to see things are rolling.
posted 01-16-2007 09:19 AM ET (US)
What harm could it do taking a few people for a test ride? Think of it as an opportunity to keep the boat moving and in working order. I know that I wouldn't waste my time going to look at somone's boat just for the sake of going on a free boat ride. Boats are all different and the rides are all different so there is much more to it than (did the engine perform well?).Maybe you could first show the boat then if the buyer seems interested then offer the test run for a different day. If they are willing to come back than it looks like they are seriously interested in eventually purchasing a boat like the one you are selling-which is?
posted 01-16-2007 10:26 AM ET (US)
Thanks to all for your responses and perspectives. It's my boat that she was inquiring about, the 21-foot 1998 Campion Victoria mentioned in my introduction thread and shown in my profile.
This is my first time actually selling a boat. I traded my last one into a dealer (no doubt at a loss from what I would have received had I sold it as a private party) to avoid just this kind of hassle. I just swapped pink slips for the one prior to that.
I like the idea of a written contract with a down payment prior to sea trial best. Although it's rare for me to skip ANY chance to hit the water, life has been extraordinarily busy lately so finding time to 'just go' has been pretty tough.
So what constitutes a "reasonable" down payment prior to sea trial? 1%, 5%, 10%?
posted 01-16-2007 10:55 AM ET (US)
Nagy - one thing - as much as I love Southern Cali and LA (I'd live there for sure - prefer SD way over FL) it is busy, traffic, long runs to open water where Sheila's awesome Revenge stays - and they live in Southern California?
AND now I feel compelled to quote the modern day philosopher and satirist
who captured a certain segment which is prevalent in many places esp LA. The namne of the poem is: Flakes!
They don't do no good
They can't fix yer brakes
I asked as nice as I could
You know, no matter what you do
the poem goes on to discuss plumbers etc but you get the idea.
posted 01-16-2007 11:01 AM ET (US)
There are a few basic questions that you can gently weave into your conversation at the dock during the initial look-around that may give you a sense of the seriousness of a potential buyer.
Here are just a few examples:
A potential buyer’s answers your questions will likely give you a sense of her seriousness and credibility.
Other indications of a serious buyer may include:
There is likely no need to brow-beat a buyer with a lengthy or condition-laden sea-trail contract. Further, potential buyers may prefer not to be reprimanded as to the value of your time or the cost of gas, etc. If a deal is made, get a reasonable deposit. Whether it is non-refundable is up to you.
This process can be fun.
posted 01-16-2007 11:07 AM ET (US)
One more thing...
If you feel uncomfortable during this process and you desire more seller protection, you can always look into the services of a reputable boat broker.
posted 01-16-2007 11:38 AM ET (US)
Welcome to the forum Rich, and best of luck to you and Sheila.
Boat US website has a section on buying and selling boats. This may be helpful.
I don't think a 5% to 10% deposit is unreasonable. A deposit and a contract will help to expedite the sale.
posted 01-16-2007 12:37 PM ET (US)
Excellent - Thanks for that link Rich.
posted 01-16-2007 04:10 PM ET (US)
Pete, the run to open water at Oceanside, where the Revenge lives, is about 12 minutes. That's SHORT for SoCal. Next time you and Ellen are out, we'll have to show you Newport.....
posted 01-16-2007 07:11 PM ET (US)
I flipped by a show on TV last week about a case on the west coast of someone posing as a boat buyer, requesting a sea trial, and then doing away with the owners out at sea. So if you take them out, take precautions. Take help. File a flight plan at the dock with law enforcement while the person is present. Because its getting hard to tell the bad guys from the good guys.
posted 01-16-2007 08:24 PM ET (US)
Get a deposit and tell the potential buyer that if the boat fails to perform as described then you will return the deposit
posted 01-17-2007 12:20 AM ET (US)
Sheila, I remember now, for some reason I thought it was longer probably 'cause we were having such a great time. We would be thrilled to go out with you guys anytime and my bet is that next time "conditions" will be perfect!!!!!!!
Reminiscing reminds me of one of my favorite quotes:
As we express our gratitude, we must never forget that the highest appreciation is not to utter words, but to live by them.
posted 01-17-2007 07:16 AM ET (US)
I sold my 25` Bertram through a broker,and the broker did exactly as Livingwater suggested. If I were to sell my 13 footer, I would do as I have done in the past, with a previous 13 footer, run the outboard on the hose, No sea trials. They are usually at your door at 7am, so be kind to the neighbors and talk to the guy until at least 8am, before starting the outboard. By then the line will be long enough, that some other prospective buyer will say, "Hey buddy, does that motor run"? Then you reply, "Sure, pretty good actually." His next comment is OK, "I`ll take, it here`s the cash. You can lose out if you insist that you hear it run.
That`s why I love 13 foot Whalers. Of course if you want to buy one you have to be fast on your feet.
posted 01-17-2007 08:36 AM ET (US)
I've stayed at that hotel at the end of the point in oceanside-what a place! It looks as if there is an area where you can get up to speed before you are out the inlet. Is that photo coming in the harbor?
posted 01-17-2007 09:49 AM ET (US)
That's correct George. Once you clear the slips and are heading out the main channel, just as you are in front of the hotel, you can run wide open if you like.
I wouldn't recommend it simply because someone else may be coming around the bend under full throttle, but you can.
That open area just to the west of the hotel is a ski basin.
posted 01-17-2007 09:50 AM ET (US)
If you are referring to the photo of my boat with the wave chasing it (the link in my profile), I was coming into Mission Bay on one particularly nasty January day a couple of years ago.
posted 01-17-2007 01:20 PM ET (US)
I sold my 24 ft Stingray last January. I listed it on Boattraderonline.com and got a call from the buyer in less then one Hour. He came down the next day to look at my boat and to talk with me.
Without even starting the motor he bought my boat õ¿õ
That was the best advertisement I ever paid for!!!
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