Putting an Offer on a Boat
Submitted by Jackfrost80 on Wed, 2015-07-01 20:28
Is there a general rule for making an offer for a boat? I've had a look at a few forums and the 66% rule seems to be the go for making a lowball offer and whilst I am interested in making a fair offer, the current financial environment in WA and it being winter swings the pendulum in my favour somewhat.
Been keeing an eye on a few since March and they've dropped around 15-25% and just aren't moving. There's a couple that are recent to the market and my thought is I should be making an offer in line with where I've seen the others fall to.
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Officially off the Pies bandwagon
bradz
Posts: 693
Date Joined: 29/10/07
Offers
You have to live with your decision. If the seller is willing to accept your offer then it's never too low.
Some may say that this approach is aggressive an unethical, but at the end of the day it's your money.
Having said that, when you are selling a boat you need to understand that a boat is a luxury, not a necessity and as such you get what someone is willing to pay.
I did then the best that I knew how. When I knew better, I did better.
Deleted
Posts: 6265
Date Joined: 26/04/14
if you want it youll pay for
if you want it youll pay for it otherwise you loose it. tough game buy and sell no real answer to your question
z00m
Posts: 1086
Date Joined: 10/05/14
If you've been watching the
If you've been watching the market closely then you will see that some boats sell at fair market price quickly and others hang around and need to be discounted, sometimes quite heavily, to get a sale. The info you don't have is why some sell and others don't. You'll often see very similarly specced boats have one that sells and one that doesn't. In a climate where there are fewer buyers like now, the boats that sell are the ones where everything is straight up, can be proven with documentation and is the type of boat coveted for a particular activity with the right specification.
You need to see a lot of boats to have a better idea of what the market is really doing.
Rob H
Posts: 5745
Date Joined: 18/01/12
never heard of the 66% rule,
never heard of the 66% rule, but a couple of things to bear in mind if you are going to make lowball offers
1/ DONT make lowball offers just because you arent sure if you really want the boat
2/ DONT make lowball offers if you dont have the coin straightaway-haggle hard then when you agree "I got to apply for a bank loan, might take a month" or "can I pay it off over a year from my dole cheques"
3/ DONT make lowball offers, screw him down til you agree, then say "I still have to ask my wife..."
Nothing wrong with a polite lowball offer to get it started but all of the above would be guaranteed to shit me off big time.
Can probably get away with "if the outboard checks out with this mechanic" BUT you need to state conditions BEFORE bargaining.
Lowball offers are for people ready to seal the deal straightaway, deposit on the spot.
Give a man a mask, and he'll show you his true face...
The older you get the more you realize that no one has a f++king clue what they're doing.
Everyone's just winging it.
Jackfrost80
Posts: 8050
Date Joined: 07/05/12
Cheers mate1) know exactly
Cheers mate
1) know exactly what I am after now so when I find something I'll be wanting it in my driveway
2) got the cash sitting in my account
3) the Mrs is more impatient to get a boat than me haha
When it come time to make an offer I'll be paying a deposit with payment conditional on getting an outboard and hull inspection done and a sea trial.
No way I could bring myself to make a disingenuous lowball offer of 66% rather it'd be in line with what I seen similar boats go for previously and getting it started by 'mentioning' what my current budget is.
Officially off the Pies bandwagon
Mattyb84
Posts: 388
Date Joined: 28/12/12
+1 on rob mate nothing wrong
+1 on rob mate nothing wrong with a low ball offer as long as you have the cash to back it up, but as most of you would have seen I was trying to sell mine not long ago had plenty of offers but I didn't need to sell so none of them met my target price an to go with some other shit so I still have mine, but if I was selling due to needing money for desperate measures I would have taken on the lower offers, so just comes down to the reason of sale hope it helps cheers
Pgfc member
D_d_001
Posts: 1522
Date Joined: 09/03/13
personally don't think there
personally don't think there is a general rule and to be honest "66%" just sounds ludicrous. just too many variables to make a general rule.
I agree there is nothing to stop you making a lowball offer but in the end you don't want the seller thinking you are an ass#$%^%. (gets in the way of negotiations bigtime)
Just comes down to
work out what you are prepared to pay.....what you think the seller will take and if there is a crossover make an offer. If not walk away.
And before anyone anyone pipes in ...I mean within reason.
You don't go around to every home open and offer half the listed price, it just wastes everyone's time.
Obviously some of the boats that have "dropped 15%- 25%" are not going to come down another 33%.
like Rob hinted look at it from the sellers POV......
I've had my pride and joy on the market for $120K ....market is down ...OK ...hesitantly drop it down to $100k after a while just to try and move it. .....someone comes over kicks the tyres for a couple of hours then offers $66K. WTF.
might be a buyers market by not too many throwing one of their most loved possessions away just yet.