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  #41  
Old 11-24-2012
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Re: Lash Me To The Mast Before I Buy A Boat!

If it were possible to buy a fixer upper and economically make it as good as the comparable boat in good condition for less money, an industry would be providing rebuilt boats by the hundreds. There are exceptions to every rule, but don't bet on finding one.
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  #42  
Old 11-25-2012
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Re: Lash Me To The Mast Before I Buy A Boat!

R.I.P. Broker said the boat is under contract.

There's a part of me that wants to thank the contracted buyer.

But this has been a great exercise in the boat buying experience. If I lived in the Annapolis area and went out to look at the boat, I may have made a snap decision and handed the broker a check and have no idea what I just bought. Once you step on a boat you can afford, it's easy to become emotionally invested and therefore irrational.

Instead some SailNetters here offered to look at her for me and did. I got great information from them. On advise from SNers I contacted a surveyor who was unavailable but who gave me a lot of great information and the name of another surveyor. I spoke to that surveyor who gave me the name of a diesel mechanic he works with and we talked about a sea trial with all three of us on board. Naturally, I'd have to fly out there for that.

The last request I made of the broker (on advise of the second surveyor) was engine work receipts and a detailed explanation of what "engine refurbished 2000" meant. The broker replied the contract had just been signed.

While I'm a little disappointed, I learned a lot. But I was prepared. Right from the beginning I told myself I wouldn't buy unless I had a pretty good idea what I was getting myself into. The engine was the last piece of the puzzle.

I know owning a boat is always wrought with problems. I found that out with my dad's boat. After the end of the first season, we took it up the Chicago River and tied it up at the boat yard for them to put it on the hard for the winter. About a month later the boat yard called my dad and said the boat had sunk. They still hadn't pulled it out of the water and we had missed closing a seacock that went to a glass strainer. It was late November.

It took about three years to get everything back working again. And that boat was only two years old when he bought it. I was prepared for a lot of work. I just wanted to have some kind of an idea how much.

Thanks to all who helped. Your advise and input has been much appreciated. I'm going to hold off on the search until I have things at home done. There's still a lot to do.

Now, can someone unlash me from this mast?
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  #43  
Old 11-25-2012
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Re: Lash Me To The Mast Before I Buy A Boat!

Quote:
Now, can someone unlash me from this mast?
.. and I was going to take you for a sail today! Think the movie 'What about Bob?"



Anyhow, like you said lots of lessons learned and you're better prepared for 'the next one'.
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  #44  
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Re: Lash Me To The Mast Before I Buy A Boat!

Call me a boat buying cynic. I am.

There is a chance that as soon as you started asking smart questions, the broker knew you would never buy and made an excuse.
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  #45  
Old 11-25-2012
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Re: Lash Me To The Mast Before I Buy A Boat!

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There is a chance that as soon as you started asking smart questions, the broker knew you would never buy and made an excuse. -Minniewaska
Funny but not true.

I went buy the boat today as I jhadnt read your thread. On the outside the boat looked in very good condition. While I was there amna drove up with a ladder and he was the one who put the contract on it. We talked for a while and I got to see the inside with him. He knows what he will need to do to bring her back to snuff.

What i noticed on a quick look was that there may have been multiple points water go in through windows, as well as the bulked and tab where the chainplate was located. This may have disqualified the boat for me as that is usually a sign of wet core in that area for a while. The boat was in average shape in the inside. Elbow grease and some work would have fixed her up. Normal crazing for a 30+ year old boat on the outside.

The VOLVO looked scary. Rusted and not taked care of. I can only compare to my 30+ year old Yanmar whic looked brank new compared to it. This indicated to me that maybe it wasnt well maintained. The engine room floor was stained also.

I think this boat would have presented you with more problems than it was wortth in the long run. Too many danger signs.

I can appreciate looking for a jewel in the rough to fix up, but it needs sound bones, Buying a more turn key boat has its advantages, but its also nice to customize and replace to what you want. Keep looking Julie,,,you find the one that youll be smitten with.

Dave
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  #46  
Old 11-25-2012
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Re: Lash Me To The Mast Before I Buy A Boat!

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Originally Posted by chef2sail View Post
The VOLVO looked scary. Rusted and not taken care of. I can only compare to my 30+ year old Yanmar which looked brand new compared to it. This indicated to me that maybe it wasn't well maintained. The engine room floor was stained also.

I think this boat would have presented you with more problems than it was worth in the long run. Too many danger signs.
I had that feeling Dave. That's why I kept asking questions. But it was the engine that really scared me. I was thinking there was a very good chance it would have to be replaced. That cost would exceed the listing price of the boat. Now you have a $25K+ boat that needs new chainplates and related structural repair. And there's always something else. I wasn't ready for a new career.
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Old 11-25-2012
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Re: Lash Me To The Mast Before I Buy A Boat!

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Originally Posted by Minnewaska View Post
If it were possible to buy a fixer upper and economically make it as good as the comparable boat in good condition for less money, an industry would be providing rebuilt boats by the hundreds. There are exceptions to every rule, but don't bet on finding one.
There's not much way to do it and make a profit but you CAN do it for less than the cost of a very good boat - you can't put a price on your time though.

I've done it a couple of times and spent less than a good one would have cost.

Tim Lackey seems to make a living doing rebuilds commercially as well but I doubt he has much competition.

You do have to go into it for the enjoyment & satisfaction of the work rather than to get a cheap boat.
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  #48  
Old 11-25-2012
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Re: Lash Me To The Mast Before I Buy A Boat!

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Re: Lash Me To The Mast Before I Buy A Boat!

Quote:
Originally Posted by chef2sail View Post
Funny but not true.
Won't change my cynical ways. I've seen it all.
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Old 11-26-2012
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Re: Lash Me To The Mast Before I Buy A Boat!

As part of my research on the Sabre, I inquired on the value, for insurance purposes. I just got this today: FWIW

Quote:
Resale value is estimated to be $30,238.00, although, noting the age, the specific vessel could easily be properly priced significantly higher (or lower).

We would, therefore, encourage at least an informal "sense of things" inspection and consultation with a marine surveyor prior to making an offer, to be followed up by a thorough pre-purchase survey upon acceptance of the offer.

In any case, it is recommended that you avail yourself of a sea-trial, to include flying all sails in the inventory, a complete rigging and hull survey, and a separate engine and engineering survey of the mechanical propulsion components, preferably by an experienced technician certified for that brand of machinery, and including a spectrographic analysis of the engine oil.
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