I'm biting the bullet - making an offer today! - Page 3 - SailNet Community
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post #21 of 48 Old 10-14-2008
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Very nice indeed!

We learn not from the mistakes we make, but the price we pay.
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post #22 of 48 Old 10-14-2008
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Quote:
Originally Posted by Delirious View Post
Woo Hoo! Just got the word that my $36,000 bid on the $42,900 listing was accepted (16% low of asking $). After almost three years dry there is light at the end of the cannon barrel!
Welcome to Pearson 31-2 Ownership
We cannot be any happier with ours. Congrats

S/V Anything Goes
1987 Pearson 31-2
Hull #15
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post #23 of 48 Old 10-14-2008
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Way to go Charlie! Good luck with her.

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post #24 of 48 Old 10-14-2008
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Congrats...

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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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post #25 of 48 Old 10-14-2008 Thread Starter
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Congrats Delirious. I know which boat it is (based on your price info)--it really looks like a great choice.

Our saga has not had the results that yours did. There were several "shady" stipulations that the seller and listing broker asked for. I won't get into all of it, because I don't want to specifically call anyone out. There were mysterious "fees" and "costs" mentioned by the listing broker that were at the very least unethical. But even without those, while we had agreed on price, the seller wanted me to guarantee that after survey we would not ask for any change in price, no matter what the survey showed. I don't plan to nickel and dime the seller (it's an older boat and I understand that), but I can't guarantee that we won't want to renegotiate, because I don't know what the survey will show! Plus, that makes me want to know what it is he's hiding.

There was more to the story, but the fact was that we were just getting started, and there were several things that made me not trust the seller or his broker. So we're back to the drawing board. There was no plan B. No second choice. As of now, there is no boat listed on the market and close enough to home that we even want to look at, never mind make an offer on.

Thanks for your support...
-J
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post #26 of 48 Old 10-14-2008
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Too bad Joe...another one will come along. Hang in there!

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post #27 of 48 Old 10-14-2008
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Keep a' chugging. We've been looking since July and have driven 500 miles or better on numerous occasions to look at some real "problem children". I have a buyer's broker (though in reality there is no such thing - only a listing broker and a sellers broker with two involved) and I actually trust him . . . mostly. I've known him for years and he was, in fact, "the enemy" representing the knutball that bought our Catalina 34 three years ago (and expected a brand new boat as opposed to a used boat). He kept trying to steer me back to boats within his listing network (100% commission) but I kept finding other listings off yachtworld.com (50/50 comission split). I don't blame him, but we pretty much knew the boat(s) we wanted and, out of curiosity, checked out everything he had to show (and even bid on one but, again, low). I gave him a list of ten brand/models up front and said those were acceptable - find us one.

I've found that the only one you can truly trust is a good surveyor on your side.

I always insisit on the words "pending a buyer inspection and a favorable survey". That allows you to back out as few surveys don't show some faults and your own "inspection" is very subjective.

The survey should, at the very least, be a "pass/fail" option. If you get the results you should always have the contract written for an out. Then, if you're still interested, you can make a later bid at a lower amount citing the survey. Heck, you don't even have to cite the survey. You make an offer and don't have to justify it. The seller takes it or not. We did get refused on two boats I bid on but at lower (one was MUCH lower) than the listing. There is one dreamer in VT that has a P31-2 at $55K and apparantly wants $55K. That's about 23K over NADA, though he does get points for freshwater, one-owner and a few extras . . . but the sails are original. He may find a buyer. It is a cherry. But you could never re-sell it for that.

I bid on this one pre-survey. If the survey had come back all fire and brimstone I would have backed away and started over. We've got a few things to address, but normal for an older (21 years) sailboat. We're getting two season old sails, a Zodiac and an outboard and that offsets some of the rebedding and such that were recommended. All sailboats are compromises and used ones more so. You can tell the minute you step aboard whether a boat was loved and treated well by the prior owner.

But have it surveyed, anyway. ;-)

Charlie P. Mud Hen 17 #69 Mad Hatter

To travel hopefully is a better thing than to arrive - R.L. Stevenson

I suspect that, if you should go to the end of the world, you would find somebody there going farther . . . - H.D. Thoreau

Last edited by Delirious; 10-15-2008 at 12:01 AM.
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post #28 of 48 Old 10-15-2008 Thread Starter
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Hi Charlie,
I agree on all points. We've been searching since late May with no luck. In this particular case, the boat appeared well cared for. However, the seller was asking me to agree that under no circumstances would we even consider renegotiating the price, no matter what the survey found. It would still be pass/fail (that is a must), but I don't want to lay out the price for a survey, for a boat 350 miles away, when I know in advance that if there's a significant problem found, there's no way we'll be able to adjust the price. It's too risky, plus this attitude makes it sound like the seller KNOWS there's a problem. On top of that, there were other things that were just plain "shady" (again, the part I'm not getting into). I really think they were either hiding something, or at least just trying to get away with something. I don't need that sort of crap. I'm not that desparate.

I am also working with a buyer's broker, and he's been great. Not steering us to his own listings only, but really looking out for boats everywhere.

I did some more looking tonight, and there's like maybe 2 boats out there within 600 miles that meet our needs and price range. We'll probably go look at them, but I'm not expecting much from either of them.
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post #29 of 48 Old 10-15-2008
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Damn... that sucks...

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Telstar 28
New England

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.
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post #30 of 48 Old 10-15-2008
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Broker wants you to stick to the price regardless of outcome of survey???? Is he (she) nuts???

A very good counter to that is to re-offer a very much lower price subject to no survey. At least 25% lower than agreed on price. If you are comfortable the boat sis OK and the seller does not want to lose the deal based on survey then why not? Something like 30000 subject to survey or 22500 not subject to survey (enough to do a major repair or repower). Maybe even lower. Might get the seller thinking about such silly conditions on a sale ....

just a thought ...

anyway - sounds liek a gun shy seller that wants a deal done. either that or something less honourable
Mike
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