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  #11  
Old 12-04-2012
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Re: question for experienced boat owners

Quote:
Originally Posted by ashtwk View Post
It is in the process of being settled, and I am the sole heir. I have not yet transferred titles, however I do have an attorney in san diego working the case for me. I figured in the mean time I would try to find out as much information as I can.
I will respond further tomorrow. It is late here and I have other tasks yet. Again, please accept my sympathies.
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  #12  
Old 12-05-2012
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Re: question for experienced boat owners

Ash, what you probably need to do is retain a boat broker in San Diego, preferably one who is near the boat or one who can keep the boat at their brokerage. A broker will probably take 10% of the sale, but a good broker will earn that by advertising and showing the boat and doing the grunt work for you, as well as keeping on eye on it to make sure it does sink (these things do happen) while it is waiting.

Some of the forum members are probably local and can recommend someone to you, or your attorney may be able to get some references.

And yes, a boat that is clean and shiny and in good condition shows better and sells for more. It probably pays for you to have someone clean it up, clean it out, spruce it up a bit mainly with soap and water.

A buyer normally pays for their own survey to ascertain the condition of the boat, so unless you suspect some problem there is no need for you to hire one. The survey becomes the property of that prospective buyer, so if they back out because it has found problems, you may be expected to buy a copy--not just be given one.
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Old 12-05-2012
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Re: Question for experienced boat owners/sailors

That's a nice boat. Bummer that it sounds like you won't be able to enjoy it.

It would be very difficult to determine value of a 30 year old boat with the scant information you have. Was the relative an avid sailor, and did he sail regularly in recent years? Or has it been sitting in a yard for the last 10 years? Even that might give some clues.

Regardless, it likely has some value vs. being a donation boat.
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Old 12-05-2012
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Re: Question for experienced boat owners/sailors

If it's an Orion model and I suspect it is..you may have an excellent 'Blue Water' capable boat. Suggest contacting fellow PS Orion owners for more info..

PacificSeacraftOrion27Club : Pacific Seacraft Orion 27 Club

Last edited by aa3jy; 12-05-2012 at 11:05 AM.
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Old 12-05-2012
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Re: Question for experienced boat owners/sailors

You should think about becoming a boater.
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  #16  
Old 12-05-2012
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Re: Question for experienced boat owners/sailors

Why don't you arrange for a marine surveyor to visit the boat to determine its condition and value? This should only cost you a few hundred and a survey will be useful to have when determining and negotiating the selling price.

On the other hand, take it as an omen and take up sailing! The Orion is a nice little boat.
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Old 12-05-2012
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Re: Question for experienced boat owners/sailors

Where is the boat? Someone here may be docked next to it.
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Re: Question for experienced boat owners/sailors

I believe it is located at the san diego mooring company. As much as I would love sailing, I am located in Ohio, and would not have the ability to do much. I would like to sell it to someone who would really enjoy it and take care of it because I know how much my family member loved his boat.
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Old 12-05-2012
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Re: question for experienced boat owners

Ashtwk--

Firstly, as you seem to have repeated your post several times and have several different threads going concurrently, it would be wise to contact one of the moderators and ask him/her to combine your various threads into a single thread (for the sake of convenience). That is not difficult and will make keeping track of suggestions/comments, easier for you.

Next, HelloSailor's suggestions, above, are good ones. Fortunately, there are a number of good brokerage businesses in the San Diego area that can handle to liquidation of the boat. As noted, there is no particular need for you to have a survey done as any buyer in the price range the boat will list at will certainly order one him- or herself. However, an "in the water" survey might be worth considering as, in boat sales, "little things mean a lot" and correcting minor imperfections can have a substantial impact on the marketability and price offered for the boat. As HelloSailor pointed out, cleanliness (and clean smelling) can also make a big difference when selling a boat so getting her "ship shape" behooves your efforts to maximize the yacht's value. Be sure to ask the brokers you speak with about arrangements for keeping the yacht clean. A cleaning/wash down should be done at least monthly, and ideally, every time before a prospective buyer inspects the yacht. Only a few of the brokers I know of include a maintenance regime in their services although most can arrange for that as it will enhance their efforts to sell the boat.

On a relatively smaller yacht, one also wants to eliminate "clutter" (which increases the perception of size/roominess) so it is wise to remove any unnecessary personal gear, stores and the like, leaving only equipment that particularly pertains to the boat aboard, properly stowed and in good order. One might also want to remove gear that, while pertaining to sailing, will not add to the perceived value of the yacht but might be worthwhile separately, in and of itself, if sold (items such as hand-held VHF radios, binoculars, hand-bearing compasses et al). Your broker might be able to help you with that but I would be more inclined to trust the judgment of a knowledgeable friend with nothing to gain in the transaction.

As you indicated you already have an attorney working on the descendant's estate, it will be important for you to determine whether it is in your best interest to transfer title to you as the sole heir (if that is so); or, whether it is better to have the yacht sold by the Executor of the Estate. This is a inheritance tax matter and can have important ramifications for you as California is a notoriously voracious tax venue. It may be that simply moving the yacht out of State could save you quite a good deal of money. (Several people I know that lived in the area actually moved their boats to Ensenada when they decided to sell for that reason.)

A couple of other things you'll need to check into are the existing arrangements for the yacht's berthing/mooring, the registration of the yacht and its renewal; and, the insurance on the yacht. Since it will be going into a brokerage situation, you might be able to save a good deal of money by resetting the limits of coverage to a Port coverage, only. You may also need to amend the beneficiary of the insurance coverage.

Hopefully the foregoing will be helpful. I'm sure others here abouts will also have worth while suggestions.

FWIW...
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Last edited by svHyLyte; 12-05-2012 at 12:06 PM.
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  #20  
Old 12-05-2012
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Re: question for experienced boat owners

Perhaps have a conservative idea of what it's worth.
I dunno about deceased estate boats, but houses I've seen have often not been maintained for years. If this is so for the boat it may well be in a sad state and be worth very little.

And brokerage fees....

I agree with others, have a broker look inside. I wouldn't pay for an air ticket over there if the boats only worth a thousand...
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