I Blew It, but got an education ..
I won't go into all the details, but:::... I've been looking for a boat,
finally got my financial house in order, and now I want to get back on
the water .. I looked at this boat, that boat, fell in love, fell out of love,
talked to this one, sent emails to that one .. and came across a boat
which for lots of "me" reasons seemed about perfect. Then, I blew it.
What I forgot is that purchasing a boat is like purchasing anything else.
You are the buyer, you look at the product, add up the plus's and minus's,
and submit an offer. Rather than the cold cutting edge of capitalism,
I let the warm breeze and sunny days, of sailing, distract from the transaction.
The owner/seller may have a million reasons for selling his/her boat. He may be too old, too fat, too lazy, his wife doesn't like the boat, he lost his job, the dog does not like the boat.. blah blah.. While I may sympathize as I listen to his many reasons for selling, the fact remains, I am purchasing a sailboat, not the owner's family, friends, summer vacations, illness, et all.
The purchase fell apart, because I did not approach the transaction in a
business like manner. In retrospect, I would do everything differently.
First, after I looked at the photos of the boat, I would ask for more information. More photos, a damage report, usage history, equipment list, on and on ...
Second, I do my homework, such as speak to the boatyard, the harbor folks, anyone who I think will help me in the transaction.
Third, if the boat is a long distance from home, find someone to take a look or ask the boatyard for an opinion.
Fourth, set a price. Simply, tell the owner/seller that this is my offer based on what I know, and the offer is subject to an inspection, if I want one.
No long talk about sailing trips, summer vacations, family and friends.
The cold hard logic of capitalism.
Here is the offer, with a check for 10% of my offer.
Tell the owner he/she has 24 hours to accept. No negotiating, no long
talk about where I will use the boat, or where I will go with the boat,
or crew, nothing.. Just the offer, period.
The owner decided to hang on for a little while longer, maybe his family will use the boat..
What did I learn? I went to the web, looked up Negotiation, read a bunch of web blogs about purchase, price, procedure, approach, communication, and the hard cold reality of buying a sailboat.. Let's face it, the purchase of the sailboat is like the cover charge. Then the fun begins: dockage, taxes, maintenance ..
And so I will move along. A good education.
I owe the owner/seller a pat of the back, for teaching me a good lesson.