At 72 and after a somewhat botched spine surgery I am facing increasing mobility difficulties which impact on my ability to do maintenance mostly, but sailing somewhat. This means I will do less maintenance... letting things go that I normally would do right away... things like wax, varnish replacing running rigging and so forth. Sure if I find someone I can pay for the help, but that can be expensive... and I still have to supervise.
I could simply list the boat for sale. I know most buyers will want to renew some things at least... once they take ownership... new electronics is one. My electronics work fine but are not state of the art N2K stuff. As much as I would like to do that upgrade now... it hardly seems to make sense.
A new coat of varnish might give more eye appeal... lubed winches... new running rigging, new anchor chain + anchor and so forth... But I doubt I would make this money back in the sale. Don 't know.
I would like to actually find the future owner sooner than later... and over a few years transfer ownership. In those few years we would share the use and all the projects... New owner would be the ultimate decider of what those projects are and whether I pay full or partially. I could of course school them on the boat which I have owned since new in 85... and done all the modifications and installs. No one could possibly understand this boat as I do. And I need to pass as much as that knowledge to the new owner. I haven't thought through the economics of the transaction yet.
I see this long transition one of mutual benefit. I can continue to sail and have help with maintenance... and new owner gets to have my help and knowledge so he is completely confident in operating and all systems.
But I think this would be almost impossible to find. I don't think any brokers would take the listing.
A actual partnership is complex too... as compatibility is an issue. Plus the notion that I am letting go of sole ownership... But I think consensus on decisions should not be difficult.
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Any thoughts and suggestions about how I exit ownership aside from the old model of listing with a broker?
I could simply list the boat for sale. I know most buyers will want to renew some things at least... once they take ownership... new electronics is one. My electronics work fine but are not state of the art N2K stuff. As much as I would like to do that upgrade now... it hardly seems to make sense.
A new coat of varnish might give more eye appeal... lubed winches... new running rigging, new anchor chain + anchor and so forth... But I doubt I would make this money back in the sale. Don 't know.
I would like to actually find the future owner sooner than later... and over a few years transfer ownership. In those few years we would share the use and all the projects... New owner would be the ultimate decider of what those projects are and whether I pay full or partially. I could of course school them on the boat which I have owned since new in 85... and done all the modifications and installs. No one could possibly understand this boat as I do. And I need to pass as much as that knowledge to the new owner. I haven't thought through the economics of the transaction yet.
I see this long transition one of mutual benefit. I can continue to sail and have help with maintenance... and new owner gets to have my help and knowledge so he is completely confident in operating and all systems.
But I think this would be almost impossible to find. I don't think any brokers would take the listing.
A actual partnership is complex too... as compatibility is an issue. Plus the notion that I am letting go of sole ownership... But I think consensus on decisions should not be difficult.
++++
Any thoughts and suggestions about how I exit ownership aside from the old model of listing with a broker?