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16 Posts
So, for selling, we all know the market has been very slow. My now asking price is less than 3/4 of what I paid for my sailboat 3 years ago. I received an offer that was 1/3 less of my asking price (now I'll be out $20k of the 40k I paid--still owe 30k on it).
The people that may buy my boat are very nice. It is has been a relatively slow moving process (over the course of 4-6 weeks--they really don't have the cash to be buying my boat, which is relatively rare). However, in the interim of when I said I would accept their offer (they didn't call me back for 1.5 weeks, until 2 days ago), I got a flurry of interest and am now fantasizing about not having to come up with 10k to get rid of my boat! I've had the excuse of not being able to get my guy to work on my engine and I'd really like to use the pending offer to make any of these other potential folks pony up quick if interested. And I of course, would not like to lose buyer #1 for the chance that I might get more money.
What is the etiquette? I am just trying to put off buyer #1 for a little bit to buy myself more time. It's not a lie that I am waiting on my engine guy. Am I shooting too high on this? I'm quite desperate to sell--been on the market for a long while.
The people that may buy my boat are very nice. It is has been a relatively slow moving process (over the course of 4-6 weeks--they really don't have the cash to be buying my boat, which is relatively rare). However, in the interim of when I said I would accept their offer (they didn't call me back for 1.5 weeks, until 2 days ago), I got a flurry of interest and am now fantasizing about not having to come up with 10k to get rid of my boat! I've had the excuse of not being able to get my guy to work on my engine and I'd really like to use the pending offer to make any of these other potential folks pony up quick if interested. And I of course, would not like to lose buyer #1 for the chance that I might get more money.
What is the etiquette? I am just trying to put off buyer #1 for a little bit to buy myself more time. It's not a lie that I am waiting on my engine guy. Am I shooting too high on this? I'm quite desperate to sell--been on the market for a long while.