Join Date: Mar 2006
Location: New England
Thanked 15 Times in 12 Posts
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I'm going to be a bit cynical and say that the reason that most brokers want at least 10% down, is that covers their commission, even if the rest of the payment bounces.
You can't really set a "fixed" discount off the asking price, since there are far too many variables involved. I know one boat at my friend's marina had an asking price about three-times what the boat should be selling for. His wife was making him sell the boat, and wanted to get what they had put into the boat out of the sale... not realistic...but that was the case. Boat sat on the market for a long time, with no one even looking at it... IIRC, it never sold, as it was destroyed in a marina fire about a year later.
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You know what the first rule of sailing is? ...Love. You can learn all the math in the 'verse, but you take
a boat to the sea you don't love, she'll shake you off just as sure as the turning of the worlds. Love keeps
her going when she oughta fall down, tells you she's hurting 'fore she keens. Makes her a home.
—Cpt. Mal Reynolds, Serenity (edited)
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Still—DON'T READ THAT POST AGAIN.