Boat Sale - Page 2 - SailNet Community
Reply
 
LinkBack Thread Tools
post #11 of 16 Old 10-10-2007
Just another stop...
 
Bardo's Avatar
 
Join Date: Jun 2007
Location: Port Republic, MD
Posts: 483
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 9
 
Where I come from (MD), its common practice to continue to list and even show the house until it closes. Don't know why it would be different on a boat. I probably wouldn't let them sail it, for all the obvious reasons.
Bardo is offline  
Quote Quick Reply Share with Facebook
Sponsored Links
Advertisement
 
post #12 of 16 Old 10-10-2007
Senior Member
 
teshannon's Avatar
 
Join Date: Aug 2006
Location: Philadelphia
Posts: 2,713
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 11
     
You can show it and I see nothing wrong with that. You need to keep one thing in mind however - If the first buyer accepts the boat as is after the survey you must sell it to him even if you have a better offer. Probably the cleanest approach is to show it but not accept offers until the first deal goes bust.
teshannon is offline  
Quote Quick Reply Share with Facebook
post #13 of 16 Old 10-10-2007
moderate?
 
camaraderie's Avatar
 
Join Date: May 2002
Location: East Coast
Posts: 13,877
Thanks: 0
Thanked 3 Times in 3 Posts
Rep Power: 16
     
Ditto that...it is SO easy for a buyer to walk away or not be able to get financing and there is NO compensation to the seller. The seller loses valuable time in selling season. There is no ethical conflict as long as the prospective 2nd buyer is told there is already a deal on the boat.
camaraderie is offline  
Quote Quick Reply Share with Facebook
post #14 of 16 Old 10-10-2007
ASA and PSIA Instructor
 
Join Date: Apr 2000
Posts: 3,566
Thanks: 7
Thanked 24 Times in 24 Posts
Rep Power: 16
 
You should show your boat until you have a final deal.

You can anticipate that the buyer will come back with something after the survey. The something may be immaterial and you may be happy to concede and resolve the contingency. Or the something may be unreasonable and there is nothing as powerful being able to reference another interested party to help encourage current buyer to cut the baloney and get to his bottom line.
sailingfool is offline  
Quote Quick Reply Share with Facebook
post #15 of 16 Old 10-10-2007
Senior Member
 
Join Date: Aug 2006
Location: wherever
Posts: 5,283
Thanks: 8
Thanked 17 Times in 16 Posts
Rep Power: 11
     
I inquired about a pretty good deal on a boat listing this summer.

The broker said he had an offer pending survey. A back up offer in place with a deposit in had for that second offer plus a third offer in case the first two backed out. He then asked me if I wanted to be 4th on the list.
The boat sold at full price after survey to the first buyer.
I would love to have that sort of pressure to hold over the head of a buyer with some minor issues in the survey..."hey, turn it down, I have others in line waiting for you to back out"!!!

You are looking out for you, period. Line em up.
xort is offline  
Quote Quick Reply Share with Facebook
post #16 of 16 Old 10-11-2007
Here .. Pull this
 
Join Date: Jan 2007
Posts: 2,031
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 9
 
If you've accepted a deposit, then you have entered into an agreement of sale, even if there is no written documentation. There is no real legal or ethical reason not to show the boat to other potential buyers, as long as you do not enter into a subsequent agreement with them to sell them the same boat.

Accepting a deposit from one of them could possibly be construed as a fraudulent act, if the person who gave you that deposit turned around at some point and decided to take action against you, claiming that you failed to make them aware that the boat was already conditionally sold. Probably unlikely, but there are some real unusual folk out there.

Not a bad idea to show it and line up some backup buyers, in case the deal goes south, but if they want to give you money, it would be much better to have it put into escrow with documents clearly outlining that it is accpeted as an indication of the buyer's intention to make an offer to purchase, and does not consitute a sales deposit.

The safest thing to do would be show the boat to as many other people who want to see it, explain the situation to them, get their phone numbers and call them if the current buyer backs out.
Sailormann is offline  
Quote Quick Reply Share with Facebook
Reply

Quick Reply
Message:
Options

By choosing to post the reply above you agree to the rules you agreed to when joining Sailnet.
Click Here to view those rules.

Register Now



In order to be able to post messages on the SailNet Community forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
Please note: After entering 3 characters a list of Usernames already in use will appear and the list will disappear once a valid Username is entered.


User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in









Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



Similar Threads
Thread Thread Starter Forum Replies Last Post
What can you tell from the numbers? brazilnut Boat Review and Purchase Forum 10 07-01-2009 04:09 PM
Confessions of a bottom feeder PracticalSailor Gear and Maintenance Articles 9 06-18-2008 04:33 PM
The Name Change Jinx (or not) STARWINDY General Discussion (sailing related) 39 07-17-2007 07:04 PM
Naming and Renaming Your Boat Sue & Larry Cruising Articles 0 12-15-2003 07:00 PM
Rust Never Sleeps John Kretschmer Gear and Maintenance Articles 0 02-27-2003 07:00 PM

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome