Ozz043 said:
Unfortunately I'm not in the position to come and spend 6 months holidaying searching for a boat.
Doesn't Australia close down the whole month of January for Christmas/summer holiday? Perfect time to come up here and pick up a winter bargain... :dance
(Thinking of South Australia makes me thirsty for a nice Barossa Valley or McLaren Vale Shiraz... 8)
I bought two boats remotely - it is a pain, especially the price negotiation part when you can't see the actual boat. The first one was in 2000 where we bought a 1988 25-ft Trophy hardtop Great Lakes boat and shipped it to Kwajalein, Marshall Islands, where I was living at the time. It was $13K for the boat, $3K to get it from Cleveland to Oakland, California, and $10K to barge it to Kwajalein. We enjoyed the heck out of that boat out there.
The second time was my current 1994 Sailfish with 2006 E-tecs from North Carolina. The boat was older than I wanted but the motors were newer than I had hoped for. Settling on a price before signing the purchase-and-sales agreement was a real pain. I did all kinds of research but there weren't enough boats to compare to and it was priced too high because the owners wanted their repower $$$ back. It took close to 2 months to finally settle on a price.
I decided if I do this again I will do it a bit differently. Once I am serious I will ask the buyer/broker what his best price is and if it is in the ball park I will accept or make a counter offer but not stress too much over it. The final deal will be made after the survey, and the down payment will be refundable based on a satisfactory survey outcome. Part of the survey is a value assessment and the surveyor bases his estimate on a private dealer data base that lists all the past sales of the same model. Thus his assessment should be fairly accurate. After the survey is complete the real negations begin. If the survey assessed value is on par with the initial offer, you know you are not getting screwed. If it is significantly less then the price you initially agreed to, then you are not satisfied with the results of the survey and can walk away losing only the cost of the survey. Assuming you still want the boat you can state your new post-survey offer and decide on a new price. By that time, the owner may be wanting to just get it over with. Similarly, you have to be careful to control your own emotions and not be too eager and overpay for the boat. At this point with my Sailfish - I was in love with it and would have bought it no mater what the surveyor said. I did adjust the price downwards by an additional $500 which the owner gleefully accepted - I think they were afraid I would walk away at that point because the surveyor found so many problems.
Anyway, for the remote buying part, I did everything over the phone or on-line until the day of the survey, sea trial, and engine check out. I flew down for that because I wanted to watch everything take place and didn't want to buy a boat that old without laying eyes on it. I flew home and received the survey in my email later that night and made the price adjustment after a few days.
I used The Hull Truth for the Carolinas region to find the surveyor. You could ask the selling broker to recommend a surveyor to make sure you don't inadvertently pick that one... :lol:
Cheers,
-Scott