Join Date: Dec 2008
Location: North Carolina
Thanked 17 Times in 11 Posts
Rep Power: 9
Re: Feeling Foolish and Discouraged!
No need to feel foolish...you didn't do anything wrong and a deal is not ever done until it is done. Being disappointed is normal if you really wanted the boat. And don't be discouraged, there are lots of boats out there.
I've been on both sides of this type of issue. Years ago, I had several investment properties that I thought I wanted to sell. A potential buyer came along, we agreed on a price, but no contracts were in place or no deposit money. As the time came to put deal on a legal basis, with deposit and signed offer to purchase, I had second thoughts as reality set in that those properties were going to be gone. I changed my mind and backed out. The would be buyer was obviously disappointed and had done some preliminary work in lining up financing. He was a gentleman about it and didn't make a big issue. Just left, saying if I ever changed my mind, to let him know. Now this buyer was a real estate broker, and in due time, I used him to sell 11 properties, two of which he bought for himself. So things sometimes have a way of working out ok.
On the other side, in 2010, I had a 2001 Catalina 22 for sale. A buyer came along, asked lots of questions, spent time looking at the boat, more and more questions. Eventually, he agreed to buy the boat, after I had spent many hours on the deal. He called me and said that he had a bank check in-hand made out to me in amount of agreed price, and asked to close the deal. The night before the transaction was to be made, his wife convinced him to back out. (Someone at her work site told her some hearsay sea story that the boat was unsafe after she happily told that co-worker of their pending acquisition....never mind that Catalina sold some 15,000+ of the boats and is still making them today.) So in this case, the seller was the one inconvenienced and disappointed. But same as with the statement above (there's lots of boats out there), there are also lots of buyers out there, and some months later, I sold the boat with no problem.
Often, an initial disappointment can turn out to be a fortunate event in the long term. Just keep looking, you'll find a boat that you like, maybe even better than the one that got away. Good luck in your hunt.