How to buy...while selling?

Your motivation is based on price, not boat. There are a few ways to fish

1) you stick some bait on a hook and drop it in the water and see what swims by.

2) You find a school of bait fish and drop your bait in the water to catch a specific type of fish.

when I'm bored and have nothing else to do but to kill time, I fish #1 and who knows, maybe something will bite.

If i'm serious about catching a blue, I find a school of jumping bait fish and go for it.
 
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Make sure you think about the worst case scenario. It might not sound like such a good deal after paying two boat payments and insurance for a year or more. Then turning around and having to sell your current boat for way less than expected just to get out of it. Only you know your financial situation but it's no fun owning two boats...unless it's on purpose.
 
TurtleTone said:
You motivation is based on price, not boat. There are a few ways to fish

1) you stick some bait on a hook and drop it in the water and see what swims by.

2) You find a school of bait fish and drop your bait in the water to catch a specific type of fish.

when I'm bored and have nothing else to do but to kill time, I fish #1 and who knows, maybe something will bite.

If i'm serious about catching a blue, I find a school of jumping bait fish and go for it.
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I understand what you are saying but respectfully disagree that it applies to our situation.

Probably best to let the post stay on topic to assist the original poster.
 
quality time said:
Make sure you think about the worst case scenario. It might not sound like such a good deal after paying two boat payments and insurance for a year or more. Then turning around and having to sell your current boat for way less than expected just to get out of it. Only you know your financial situation but it's no fun owning two boats...unless it's on purpose.
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The way we like to look at it is "If I lose my job tomorrow will I have to get rid of the/a boat". If the answer is yes, it's not the boat or time for you. Also means you (not the original poster) are probably living paycheck to paycheck
 
Greg are you saying I'm living paycheck to paycheck, who do you think your are? Just kidding....I didn't want to be the only one not giving you a hard time this week. :grin:
 
Slow down and take a deep breath.

One of Frank's rules is your in charge not the broker. So IF this is what you really want to do write your contract, put down the deposit, and turn it in.

As for the asking price of your boat. Lower the price of the boat so it will move. An above average boat in good shape priced correctly will sell.

Good Luck
 
Aaron, good to hear from you and good to see I have at least one friend on here :smt001

Good thing my skin is thick.....

Actually, the Mrs and I were talking about you, your Mrs and child the other day as we were reflecting on our BIH visit.
 
Who knows what a person's financial situation is like. Own two boats if it doesn't pinch you and you like the boat. I do know this having owned many boats. There is no such thing as "THIS IS THE BOAT". There are so many boats for sale today that it is very likely you will own two boats for quite awhile. You will also be able to find another THE BOAT with relative ease. Boats are not easy to sell. They are very easy to buy if you have a strong balance sheet. My 2 cents.
 
If it really is "the boat", ask the broker about a contingency offer with a first right of refusal. It will keep the boat tied up for you but the seller can accept another offer. If he accepts one, you are given a time period of usually 24-48 hrs to buy it or let it go. It gives you time to try to sell yours along with more time to decide if owning 2 boats is right for you. SB
 
We purchased our 300 DA last September and sold the 250 DA in April. I actually liked owning two boats! We looked like a Sea Ray dealer for a while and it we gots lots of stares from the neighbors. We found "THE" boat after a couple of years looking for a good boat. We didn't want to sell the 250 DA until we were sure the 300 DA was in good shape, reliable and something worth keeping. The survey indicated that, but we wanted to make sure. Then we sold the 250 DA to some folks on the West side of our state that were tickled pink to find a freshwater boat in way above average condition. It was worth the drive to Vantage to test drive it and hand them the titles. I'd do it again that way because I'd hate to miss part of a boating season because I can't find the right boat!
 
I’ve been looking at new boats for a couple of weeks and have had my boat for sale (local newspaper, Craig’s List etc.) for the same length of time. I finally found the boat I wanted, a 1985 Sea Ray Express 340 (a brokered boat) and bought it yesterday even though my boat hasn’t sold yet. My dealer is going to broker my boat and hopefully sell it soon. My present boat was paid for so I’m not taking a big hit by buying the Express and temporarily owning 2 boats.
I made the decision to buy the Express because it’s an older boat in pristine condition and I didn’t want to let it pass. Who knows, I may have to take less for my boat then I planned just to sell it but it would be worth it because I’m very happy with my new purchase.
 
BOTTOM LINE.....If you want to buy a bigger boat...You need to get very agressive about SELLING you own boat!!! There are ways to do that other than price.
 
I purchased my new boat (1992 Sea Ray 270DA) in the middle of May. I was still making payments on my old boat (1987 Larson). My old boat was a well maintained, low hour boat in above average condition. I listed it on Craig's List and ebay within days of buying the new boat. I listed it for the average retail value on KBB.com and decided to accept 10% less than that. 28 days later, and only one more payment to the old boat, it sold for 8% less than asking. At that price I was able to pay the old note, cover this seasons slip fees, and put my deposit back into my rainy day account.
 
Anyone who is a 2 boat owner is out of their mind or has money to burn and that is fine.

I cant imagine double winter and summer storage, washing, scrubbing bottom and so on.
Additionally, the more time that elapses the less your boat your trying to sell is worth.
 
Dancin Dave said:
Anyone who is a 2 boat owner is out of their mind or has money to burn and that is fine.

I cant imagine double winter and summer storage, washing, scrubbing bottom and so on.
Additionally, the more time that elapses the less your boat your trying to sell is worth.
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I second that motion!!!
 
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