Should I sell my Menemsha? Please chime in (or sound off)

  ContinuousWave
  Whaler
  Moderated Discussion Areas
  ContinuousWave: The Whaler GAM or General Area
  Should I sell my Menemsha? Please chime in (or sound off)

search | FAQ | profile | register | author help

Author Topic:   Should I sell my Menemsha? Please chime in (or sound off)

Sheila posted 02-27-2009 04:56 PM ET (US)
I bought her in 2005 intending to restore her. We have not begun work on her yet and this year isn't looking good, either, in term of time and resources. She sits on her trailer, under a cover, on our lot. Cost to keep her is about $220/year (insurance and registration).
Meanwhile we use the Revenge.
Part of me says, "Maybe NEXT year will be her year."
The other part of me says, "If you haven't gotten to her in 4 years, you won't get to her in 5...or 6....and maybe someone else could enjoy her."
What say you?
Jeff posted 02-27-2009 05:03 PM ET (US)
Shelia,
Is there anyone in the family who would be willing to take the boat with the understand of having to restore it if they want it? Could be a nice way of keeping it around if you do not have to sell it.
Liteamorn posted 02-27-2009 05:35 PM ET (US)
Hi Sheila, how have you been!!
What if you didn't carry the insurance? I imagine you probably have to keep it registered to keep it at the house. Now if you are having second thoughts about restoring her altogether maybe you should sell her.
Ed
Buckda posted 02-27-2009 05:40 PM ET (US)
Teleport yourself to a time after the sale when you do have time to restore it. Will you be heartbroken? if so, then keep it. If not, then go ahead and sell her. Trouble is, it may be difficult in this market to get much return on the purchase and you're out the cost of storage/registration/insurance.
My gut says sell it, but my heart says keep it. Will your heart forgive your gut? If not, then you need to keep it...
good luck with tough decisions...
themclos posted 02-27-2009 06:00 PM ET (US)
Sheila,
Fortunately, you still have a Whaler to use. If you did not have the Revenge, I would have suggested keeping her.
I suggest you sell her, but given you do not need to conduct a firesale, you can do your best to place her with an owner who will take good care of her.
Best of luck to you,
Dan
Tom W Clark posted 02-27-2009 06:47 PM ET (US)
Sheila,
If you are not using the boat and it just sits, drop the insurance and registration until you get it running again.
This is a lousy time to try to sell an old boat.
seasaw posted 02-27-2009 07:27 PM ET (US)
I always use the 5 year rule - you have one to go. By having to ask the question, you are not ready to make the decision - give it one more year. good luck
Jeff
Casco Bay Outrage posted 02-27-2009 08:14 PM ET (US)
I agree with Tom.
This is a lousy time to sell. With her being a rare model, may take longer with a larger discount to find a buyer. Also, it will be hard to find another in the future.
I would re-assess in another 2 years. Even if the market is cr^p, at least you really tried to hang on to her.
We will support your decision, one way or the other.
I, along with the others have missed ya.
Regards,
Phil
Yiddil posted 02-27-2009 08:27 PM ET (US)
Sheila, Glad all is good with you. I say your gut will tell you whats right for you and your family and your life style. Chances are if you have not made it to working her up, your life is full of good stuff that keeps to content and busy. Will you want to work her up the future? is it a passion you have to restore her? Then you probabaly would ahve done it already if you had the time money and effort.
Ive seen a couple of these for sale latly, actually three.
Clearly they needed some work as well and people were selling them obviously cuae they changed their minds about actually fixing them up.
Your using the revenge for a reason:))) The Mem. is cute but not very versitile for waht you need right now:) There will always be another if you want her that bad....let go gently:)
My best fellow coastie:) Henry
dscew posted 02-27-2009 08:52 PM ET (US)
In today's market, you're not likely to get either what you paid or what you want. If you can hang on another year, things may turn around, and who knows, maybe you'll find the time to finish her. Besides, there are a couple of nice ones on the market now, no need to flood it. When my Katama was waiting for me to put together the funds for a motor, I took the insurance off her, covered her up and waited it out for two years. I'm now re-powered and glad I decided to tough it out.
PeteB88 posted 02-27-2009 11:27 PM ET (US)
I know the struggle, we now have three Whalers and at least one has to go. I love the 13 and have all kinds of reasons to keep it but probably won't. I've seen both your boats and still remember that incredible Revenge and the afternoon you took us out on her. I guess my question is how often would you use the Menemsha instead of the Revenge? And how likely is it that you would be trailering the Menemsha to lakes and reservoirs or N? That is one incredible advantage to having a boat you can trailer and possibly sleep in. I can't remember the motor on the Menemsha but a long as everything works and is sound you can use it and restore it a little at a time.
I say keep it for awhile longer. Menemsha buyers are pretty specific, not like Montauk buyers - if you begin using it more for whatever reason that would be cool. I guess I don't really know what it's like to be on an Menemsha or drive one. That is clearly an issue too.
I will probably keep our 11.5 for small lakes and rivers, makes total sense but I prefer the 13.
Take your time....
PB
Sheila posted 02-27-2009 11:30 PM ET (US)
Thanks, everyone...you've given us some perspectives to consider.
And thanks for the greetings! I've been around...just reading more and posting less.
Menemsha69 posted 02-28-2009 05:55 AM ET (US)
Sheila-How about posting some pics of her?
As far as selling goes, tough decision. I've seen 4 for sale over the last two months, asking anywhere from $4500 to $7895, as far as I can tell, none have sold. You can always advertise her, and see what kind of hits you get, but you can't "un-sell" her. Figure out a price that would be worth it for you to give her up.
I personally would cancel the insurance, and call DNR to see if you can get away without the registration, as she is out of commission for a while. Wait until the market picks up, and in the meantime start working on her a little bit at a time, this will help both plans, if you sell her, she'll look better and might command more money, and if you keep her she'll be closer to being usable.
Pete makes a great point about having a trailerable boat, and once she's back in commission, you might find her a bit more economical than your Revenge.
By the way Pete- the Menemsha is a very smooth and stable ride, and the helm is very comfortable! -k
R T M posted 02-28-2009 07:07 AM ET (US)
Like Tom and Phil says, drop the insurance, and registration. Block the trailer up and remove the wheels, and maybe the hubs too, so it would be difficult to steal. Put a for sale sign on it with a really high price on the sign. You never know who might look at it. Maybe someone like Pete who just never has enough Whalers. Hey Pete sell your 11 footer, I never saw a body of water too small for a 13 footer. Then you would have the down payment for Sheila`s Menemsha, if she ever decides to sell.
rich(Binkie)
cohasett73 posted 02-28-2009 09:02 AM ET (US)
Sheila,
I bought my Cohasset II in 1987 and didn't see it float until 2003. I have no regrets having kept the boat with out use for so long. That's what dreams are made of. Preservation not restoration.
Tom from Rubicon
David Jenkins posted 02-28-2009 01:59 PM ET (US)
Sheila,
I know that this is primary a question relating to the management of your money, time and storage space. But don't you also want to consider what is best for the boat? Is it in a garage or barn? Is it covered? Would it give you pleasure to know that you were selling it to someone who intended to restore it and get it back on the water this year?
elaelap posted 03-01-2009 01:11 AM ET (US)
Lyrics from Kenny Roger's great song might be of some help, Sheila:
"You got to know when to hold em, know when to fold em, Know when to walk away and know when to run..."
I agree with every word David Jenkins said in his post right above this one. And knowing you, you'll make the right decision.
Tony
Sure hope to see you again at the upcoming NorCal rendezvous May 8/9, old friend.
elaelap posted 03-01-2009 01:13 AM ET (US)
Whoops...Kenny Rogers' great song
Kingsteven18 posted 03-01-2009 12:57 PM ET (US)
Did you buy it because in your heart you really wanted one, or did you just get caught up in CW's Menemshamania? "This above all: to thine ownself be true."
Ritzyrags posted 03-02-2009 09:08 AM ET (US)
Well,
Get her out of the elements if you can.
I always like to think that a nice heated shelter with all the capacities to work on our favorite project boat is the ideal "Set Up" to Get her done.
I am visualizing a whole big plane hangar here..
It is up to you really..
Just have a good look at her and see if she warrant; the time, money and energy to get her where you want her to be...
If not..
Hey, guess what!
There is that someone special out there that would love to make her his very special refit project...
Well some of the folks are already listening and you have the option to state your selling price.
I know that if you sell her;
That you will make someone very happy.
Good luck with your decision.
Serge.
Stevebaz posted 03-02-2009 11:14 AM ET (US)
Shiela,
Drop the insurance but keep the registration, it is just too much hassle with the DMV here. If you have to sell her it is far easier with no paper work hassles.
I would keep her, she will look much better when gas goes back to $4.00 plus a gallon this summer.
I remember when the fires came you were broken hearted with the possible thought of loosing her. That endearment doesn't come cheap.
But, who am I to talk I am mired in 3 whalers now, 11, 13, 17.
Steve
PeteB88 posted 03-02-2009 11:39 AM ET (US)
Steve, me too! 11.5, 13 and Outrage 17 which we just got this winter. I don't want to sell any of them but probably will part with the 13. It's a great boat. I have 100 reasons to keep it. We are right next to Lake Mich thus the 17 but I had a blast out there w/ 13 however, I was the only person comfortable. I will probably keep the 11.5 for small lakes and easy launch.
Sheila, keep the Mememsha if you can OR sell her and find a 15 Classic for quickies. 15s are incredible and rigged right are super sweet. Len's center console 17 is super bad!!!! an86carrera
Florida15 posted 03-02-2009 09:13 PM ET (US)
Hi Sheila, I haven't been on CW in a while but I thought you had two Menemshas ? I remember you bought the one that I looked at for you near Pensacola and didn't you buy one in New Jersey or something ?
If you feel you need to sell it, I would list it everywhere I could at a price I could live with and hope for the best.
Sheila posted 03-06-2009 10:09 AM ET (US)
Thanks, everyone, for your thoughts. I have been reading, and reflecting--and looking at the March photo in Jeff's wonderful calendar.
David J., your point is well-taken.
I must admit that Tom from Rubicon's comment did make my heart skip a beat. I suspect that tells us something about the right thing to do.

Hop to:

Contact Us | RETURN to ContinuousWave Top Page

Powered by: Ultimate Bulletin Board, Freeware Version 2000
Purchase our Licensed Version- which adds many more features!
© Infopop Corporation (formerly Madrona Park, Inc.), 1998 - 2000.

Author	Topic: Should I sell my Menemsha? Please chime in (or sound off)
Sheila	posted 02-27-2009 04:56 PM ET (US) I bought her in 2005 intending to restore her. We have not begun work on her yet and this year isn't looking good, either, in term of time and resources. She sits on her trailer, under a cover, on our lot. Cost to keep her is about $220/year (insurance and registration). Meanwhile we use the Revenge. Part of me says, "Maybe NEXT year will be her year." The other part of me says, "If you haven't gotten to her in 4 years, you won't get to her in 5...or 6....and maybe someone else could enjoy her." What say you?
Jeff	posted 02-27-2009 05:03 PM ET (US) Shelia, Is there anyone in the family who would be willing to take the boat with the understand of having to restore it if they want it? Could be a nice way of keeping it around if you do not have to sell it.
Liteamorn	posted 02-27-2009 05:35 PM ET (US) Hi Sheila, how have you been!! What if you didn't carry the insurance? I imagine you probably have to keep it registered to keep it at the house. Now if you are having second thoughts about restoring her altogether maybe you should sell her. Ed
Buckda	posted 02-27-2009 05:40 PM ET (US) Teleport yourself to a time after the sale when you do have time to restore it. Will you be heartbroken? if so, then keep it. If not, then go ahead and sell her. Trouble is, it may be difficult in this market to get much return on the purchase and you're out the cost of storage/registration/insurance. My gut says sell it, but my heart says keep it. Will your heart forgive your gut? If not, then you need to keep it... good luck with tough decisions...
themclos	posted 02-27-2009 06:00 PM ET (US) Sheila, Fortunately, you still have a Whaler to use. If you did not have the Revenge, I would have suggested keeping her. I suggest you sell her, but given you do not need to conduct a firesale, you can do your best to place her with an owner who will take good care of her. Best of luck to you, Dan
Tom W Clark	posted 02-27-2009 06:47 PM ET (US) Sheila, If you are not using the boat and it just sits, drop the insurance and registration until you get it running again. This is a lousy time to try to sell an old boat.
seasaw	posted 02-27-2009 07:27 PM ET (US) I always use the 5 year rule - you have one to go. By having to ask the question, you are not ready to make the decision - give it one more year. good luck Jeff
Casco Bay Outrage	posted 02-27-2009 08:14 PM ET (US) I agree with Tom. This is a lousy time to sell. With her being a rare model, may take longer with a larger discount to find a buyer. Also, it will be hard to find another in the future. I would re-assess in another 2 years. Even if the market is cr^p, at least you really tried to hang on to her. We will support your decision, one way or the other. I, along with the others have missed ya. Regards, Phil
Yiddil	posted 02-27-2009 08:27 PM ET (US) Sheila, Glad all is good with you. I say your gut will tell you whats right for you and your family and your life style. Chances are if you have not made it to working her up, your life is full of good stuff that keeps to content and busy. Will you want to work her up the future? is it a passion you have to restore her? Then you probabaly would ahve done it already if you had the time money and effort. Ive seen a couple of these for sale latly, actually three. Clearly they needed some work as well and people were selling them obviously cuae they changed their minds about actually fixing them up. Your using the revenge for a reason:))) The Mem. is cute but not very versitile for waht you need right now:) There will always be another if you want her that bad....let go gently:) My best fellow coastie:) Henry
dscew	posted 02-27-2009 08:52 PM ET (US) In today's market, you're not likely to get either what you paid or what you want. If you can hang on another year, things may turn around, and who knows, maybe you'll find the time to finish her. Besides, there are a couple of nice ones on the market now, no need to flood it. When my Katama was waiting for me to put together the funds for a motor, I took the insurance off her, covered her up and waited it out for two years. I'm now re-powered and glad I decided to tough it out.
PeteB88	posted 02-27-2009 11:27 PM ET (US) I know the struggle, we now have three Whalers and at least one has to go. I love the 13 and have all kinds of reasons to keep it but probably won't. I've seen both your boats and still remember that incredible Revenge and the afternoon you took us out on her. I guess my question is how often would you use the Menemsha instead of the Revenge? And how likely is it that you would be trailering the Menemsha to lakes and reservoirs or N? That is one incredible advantage to having a boat you can trailer and possibly sleep in. I can't remember the motor on the Menemsha but a long as everything works and is sound you can use it and restore it a little at a time. I say keep it for awhile longer. Menemsha buyers are pretty specific, not like Montauk buyers - if you begin using it more for whatever reason that would be cool. I guess I don't really know what it's like to be on an Menemsha or drive one. That is clearly an issue too. I will probably keep our 11.5 for small lakes and rivers, makes total sense but I prefer the 13. Take your time.... PB
Sheila	posted 02-27-2009 11:30 PM ET (US) Thanks, everyone...you've given us some perspectives to consider. And thanks for the greetings! I've been around...just reading more and posting less.
Menemsha69	posted 02-28-2009 05:55 AM ET (US) Sheila-How about posting some pics of her? As far as selling goes, tough decision. I've seen 4 for sale over the last two months, asking anywhere from $4500 to $7895, as far as I can tell, none have sold. You can always advertise her, and see what kind of hits you get, but you can't "un-sell" her. Figure out a price that would be worth it for you to give her up. I personally would cancel the insurance, and call DNR to see if you can get away without the registration, as she is out of commission for a while. Wait until the market picks up, and in the meantime start working on her a little bit at a time, this will help both plans, if you sell her, she'll look better and might command more money, and if you keep her she'll be closer to being usable. Pete makes a great point about having a trailerable boat, and once she's back in commission, you might find her a bit more economical than your Revenge. By the way Pete- the Menemsha is a very smooth and stable ride, and the helm is very comfortable! -k
R T M	posted 02-28-2009 07:07 AM ET (US) Like Tom and Phil says, drop the insurance, and registration. Block the trailer up and remove the wheels, and maybe the hubs too, so it would be difficult to steal. Put a for sale sign on it with a really high price on the sign. You never know who might look at it. Maybe someone like Pete who just never has enough Whalers. Hey Pete sell your 11 footer, I never saw a body of water too small for a 13 footer. Then you would have the down payment for Sheila`s Menemsha, if she ever decides to sell. rich(Binkie)
cohasett73	posted 02-28-2009 09:02 AM ET (US) Sheila, I bought my Cohasset II in 1987 and didn't see it float until 2003. I have no regrets having kept the boat with out use for so long. That's what dreams are made of. Preservation not restoration. Tom from Rubicon
David Jenkins	posted 02-28-2009 01:59 PM ET (US) Sheila, I know that this is primary a question relating to the management of your money, time and storage space. But don't you also want to consider what is best for the boat? Is it in a garage or barn? Is it covered? Would it give you pleasure to know that you were selling it to someone who intended to restore it and get it back on the water this year?
elaelap	posted 03-01-2009 01:11 AM ET (US) Lyrics from Kenny Roger's great song might be of some help, Sheila: "You got to know when to hold em, know when to fold em, Know when to walk away and know when to run..." I agree with every word David Jenkins said in his post right above this one. And knowing you, you'll make the right decision. Tony Sure hope to see you again at the upcoming NorCal rendezvous May 8/9, old friend.
elaelap	posted 03-01-2009 01:13 AM ET (US) Whoops...Kenny Rogers' great song
Kingsteven18	posted 03-01-2009 12:57 PM ET (US) Did you buy it because in your heart you really wanted one, or did you just get caught up in CW's Menemshamania? "This above all: to thine ownself be true."
Ritzyrags	posted 03-02-2009 09:08 AM ET (US) Well, Get her out of the elements if you can. I always like to think that a nice heated shelter with all the capacities to work on our favorite project boat is the ideal "Set Up" to Get her done. I am visualizing a whole big plane hangar here.. It is up to you really.. Just have a good look at her and see if she warrant; the time, money and energy to get her where you want her to be... If not.. Hey, guess what! There is that someone special out there that would love to make her his very special refit project... Well some of the folks are already listening and you have the option to state your selling price. I know that if you sell her; That you will make someone very happy. Good luck with your decision. Serge.
Stevebaz	posted 03-02-2009 11:14 AM ET (US) Shiela, Drop the insurance but keep the registration, it is just too much hassle with the DMV here. If you have to sell her it is far easier with no paper work hassles. I would keep her, she will look much better when gas goes back to $4.00 plus a gallon this summer. I remember when the fires came you were broken hearted with the possible thought of loosing her. That endearment doesn't come cheap. But, who am I to talk I am mired in 3 whalers now, 11, 13, 17. Steve
PeteB88	posted 03-02-2009 11:39 AM ET (US) Steve, me too! 11.5, 13 and Outrage 17 which we just got this winter. I don't want to sell any of them but probably will part with the 13. It's a great boat. I have 100 reasons to keep it. We are right next to Lake Mich thus the 17 but I had a blast out there w/ 13 however, I was the only person comfortable. I will probably keep the 11.5 for small lakes and easy launch. Sheila, keep the Mememsha if you can OR sell her and find a 15 Classic for quickies. 15s are incredible and rigged right are super sweet. Len's center console 17 is super bad!!!! an86carrera
Florida15	posted 03-02-2009 09:13 PM ET (US) Hi Sheila, I haven't been on CW in a while but I thought you had two Menemshas ? I remember you bought the one that I looked at for you near Pensacola and didn't you buy one in New Jersey or something ? If you feel you need to sell it, I would list it everywhere I could at a price I could live with and hope for the best.
Sheila	posted 03-06-2009 10:09 AM ET (US) Thanks, everyone, for your thoughts. I have been reading, and reflecting--and looking at the March photo in Jeff's wonderful calendar. David J., your point is well-taken. I must admit that Tom from Rubicon's comment did make my heart skip a beat. I suspect that tells us something about the right thing to do.