Negotiating for a boat....

[MJG24]

Re: Negotiating for a boat....

I would expect that all transactions have a contract

Might not be written but at least verbal
If you are going to make a verbal offer why not tell the seller what you expect for the money you are offering

If one makes an offer verbal that is a contract what consummates a contract is earnest money

Well, most people (buyers) expect to take possession of the good being purchsed for the money. Technically, yes, all transacions have a contract, but it is simply for the exchange of the good for money. Anything more should be in a written agreement/contract, which as I said almost never happens.

IF anything is put in writing, it is more likely an "AS IS" bill of sale from the seller.

 

[okbayliner]

Re: Negotiating for a boat....

sounds like you want a new boat at used price good luck

 

[25thmustang]

Re: Negotiating for a boat....

The boat in my sig had an offer accepted, contingent on a survey (no sea trial possible). The seller agreed but informed the broker, no matter what was found, they were not taking more off the price. We either accept or walk.

I have bought and sold and would never agree to splitting costs or fixing anything. If the survey or sea trial finds issues, negotiations are possible, but not obligations.

 

[Geko45]

Re: Negotiating for a boat....

I'd accommodate any request for inspection from someone I assessed to be a serious buyer, but it would be on their dime. If they think there is maintenance that needs to be done then they are free to make a counter-offer, but I would never go in halfsies on repairs. Ever.

Just think of the number of ways that could go south for the seller. Repairs happen and then the buyer backs out and leaves you with the full bill on a boat you don't even want any longer for repairs you might not even think were needed. Nope, sorry. Do your inspection, make you counter offer and we either have a deal or we don't as is, where is, no warranties expressed or implied.

I do this the same way when I'm buying. I'll inspect it, figure out what it's worth to me considering my estimated repair costs (and the value of my time) and make a counter offer. I've gotten some really good deals this way.

 

[JoLin]

Re: Negotiating for a boat....

Do your inspection, make you counter offer and we either have a deal or we don't as is, where is, no warranties expressed or implied.

I do this the same way when I'm buying. I'll inspect it, figure out what it's worth to me considering my estimated repair costs (and the value of my time) and make a counter offer. I've gotten some really good deals this way.

That's really the bottom line, and I use the same process. OP, you're overcomplicating the deal and giving the seller reason to be wary of it. Do your homework, look at a bunch of prospects, pay your professionals for their expertise when you find a nice one, and just accept the fact that the buying process for boats means money out of pocket over and above the asking price. That's just the way it is.

 

[V153]

Re: Negotiating for a boat....

I have bought and sold and would never agree to splitting costs or fixing anything. If the survey or sea trial finds issues, negotiations are possible, but not obligations.

Well put.

Historically when one buys something used it's on him/her to determine condition, then make an offer accordingly. If you smell a rat walk away.

Personally I'm surprized the seller hasn't blown NM off before now. But then again there are alotta desperate people out there ...

 

[scott8058]

Re: Negotiating for a boat....

I agree with Geko45 100%, i bought a f150 last year off of craigslist and when i met the guy to test drive it i told him i had already called a mechanic and wanted to take the truck there on my dime, which in my opinion is the way it should go. He was hesitant bc it was going to take an hour but agreed bc he said if i didn't buy it he knew what was wrong with it. In our case the only thing they found wrong was a worn rotor, but if they said the transmission was about to take a crap i just wouldn't have bought it, i wouldn't have asked him to fix it and still buy or offer to pay half. Technically i paid for the inspection and wouldn't even have to show it to him.....just a thought! Oh and another thought i just had is a surveyor is a surveyor and i would almost guarantee any 10-15 yr old boat you have inspected they are gonna find problems whether they are major or could cause a problem down the road, everyone has to make a buck.

 

[NMShooter]

Re: Negotiating for a boat....

Well put.

Personally I'm surprized the seller hasn't blown NM off before now. But then again there are alotta desperate people out there ...

And personally I am surprised at the lack of reading comprehension these days. Especially online.

Especially this forum.

 

[Alwhite00]

Re: Negotiating for a boat....

Did you ever think that the asking price is already "adjusted" to account for the needed repairs and there is no room left to pay 50/50?

LK

 

[okbayliner]

Re: Negotiating for a boat....

And personally I am surprised at the lack of reading comprehension these days. Especially online.

Especially this forum.

I'm surprised you are being so defensive of a bad idea. To many sellers going to laugh as much everyone here. I bet you will find someone gullible enough to pay you to buy there boat. Good hunting and let us know how it goes

 

[mr 88]

Re: Negotiating for a boat....

Really,the OP ask for "our" thoughts on his buying process,then gets a attitude when people do not agree with him...

I'm surprised you are being so defensive of a bad idea. To many sellers going to laugh as much everyone here. I bet you will find someone gullible enough to pay you to buy there boat. Good hunting and let us know how it goes

 

[25thmustang]

Re: Negotiating for a boat....

I think most of us are sharing our experiences, which I thought was the reason for the thread?

You can ask or request whatever you'd like from the seller, it just seems most have an idea of the transaction procedure and any away from that might put them off.

 

[MJG24]

Re: Negotiating for a boat....

Really,the OP ask for "our" thoughts on his buying process,then gets a attitude when people do not agree with him...

That has been a common theme of a lot of thread starters lately...

 

[Frank Acampora]

Re: Negotiating for a boat....

NM: If you are surprised at the lack of comprehension on this forum, no one is forcing you to use it again--Its all that simple. Personally, given what I have read here, I would never deal with you. Its all that simple too!

 

[bonz_d]

Re: Negotiating for a boat....

And personally I am surprised at the lack of reading comprehension these days. Especially online.

Especially this forum.

Sorry you feel this way but you did ask for opinions. Didn't you?

 

[CC245]

Re: Negotiating for a boat....

Sounds like the OP needs a signed contract to take a crap!

The reality is, as a buyer you can ask for anything from the seller that you want. You can ask him to let you make payments on it, but the seller deciding not to go for any unusual requests does not make them a thief, jerk or idiot.

It's a private sale and if both parties can't come to an agreement, then just walk away. No hard feelings.

 

[NMShooter]

Re: Negotiating for a boat....

Sorry you feel this way but you did ask for opinions. Didn't you?

I asked for opinions on a given set of conditions that clearly were not comprehended by many.

And while I asked for, received, and provided thanks for those opinions, there was quite a bit of condescension too.

I think I touched a nerve, and that nerve belonged to a lot of people who sell trash and want top dollar and then not get caught till too late nor held responsible. It worries me as to how many there are.

Re-read the transaction that fotto had. I am that type of seller, and I don?t have a problem asking others to do the same. If you are threatened by that, then you clearly don?t deserve my business, or anybody else?s for that matter.

Why is it unreasonable for me to respectfully negotiate a transaction? Why are you so threatened by the opportunity to say no to a buyer?s request? (You being the editorial "you", not bonz in particular)

 

[MJG24]

Re: Negotiating for a boat....

I asked for opinions on a given set of conditions that clearly were not comprehended by many.

How do you conclude that not many people comprehended your situation and set of conditions?

And while I asked for, received, and provided thanks for those opinions, there was quite a bit of condescension too.

There was plenty of condenscension from your side as well.

I think I touched a nerve, and that nerve belonged to a lot of people who sell trash and want top dollar and then not get caught till too late nor held responsible. It worries me as to how many there are.

Here is one of the problems. You assume anyone that doesn't agree with your conditions, is 'someone that sells trash' or isn't willing to negotiate a fair sale. That couldn't be more wrong. There is a HUGE gap, or grey area in the negotiation process, between a written contract that you suggest just to negotiate, and a thief trying to cover problems and sell junk.

Many here think what you are asking for is unreasonable. Not because they sell crap or are uncapable of reasonable negotiaions. And not because they are against inspections or the boat they are selling. You are basically asking a seller to enter into a pre-sale contract (that puts financial liability on them!), or to put negotiations in writing. That just doesn't happen 99% of the time for a $7,500, 10+ year old used boat. If you can find the 1%, more power to you.

 

[Frank Acampora]

Re: Negotiating for a boat....

I am one of the few people who uses his real name on the forum. That should give you some insight as to my security--or crazyness. Anyway, I am not threatened and I already said that I would say NO to you. Reason: too many hoops. With me, you are either going to buy or not. Its all that simple.

Now, quit trying to defend an unpopular and untenable position.

 

[rico suave]

Re: Negotiating for a boat....

I also wouldn't play along if I was the one selling the boat. It's a relatively small boat and a ride in the water along with inspection should suffice. I have had an occasion where a buyer brought his mechanic with him, and I'm more than fine with that.