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#1
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"Chesapeake Bay Boat Buying" followup/Boat search update
Howdy...
I'm in the next stage of our boat search, with very encouraging results. We've found several boats which work for us; the next step is to continue with the trip(s) to the rest of the close to 200 candidates identified in this last research. I'll expand on that in a separate post. However, on the subject of the Chesapeake Bay portion of this search segment: Just a followup to my original message of a couple of weeks ago. Quick synopsis of befo I'd been led to believe (mistakenly) that I might have to go to each individual broker in the Chesapeake Bay area in order to look at the boats I'd selected. By way of background, I'm out looking while my wife stays in the salt mines; I start with a thoroughly researched list, and when I'm on a boat, I take detailed notes on the YachtWorld listing page that I've printed out for the purpose, in order to keep the large number of boats I've seen straight. I also video, along with write a 6-page report on, those I think are good candidates for purchase, in order to back up the notes with visual observations when I'm bringing the results home... Following the original post of this title, I received some recommendations of brokers, one of which was duplicated, so that's the broker I selected. I called the office. The recommended broker was not available at the time, "but I'm his partner" was. "We work together." Of course... Sure enough, when I identified what I had in mind (seeing all the boats in the area around Annapolis and the Eastern Shore, with my prepared list), the partner asked me a few questions about what our sailing objectives were, and reassured me that they'd eagerly work with me, including the weekend in between when I arrived and before I expected to have finished the list. By agreement, I sent him the spreadsheet of the listings in which I had an interest. On arrival, we reviewed my list. He (the partner with whom I was to work) had cut it in less than half based on assumptions which he'd made; we succeeded in restoring most of it after discussion which revealed the inadvisability of the assumptions. He also observed that for some of the further boats, he'd 'send me off on my own with a ham sandwich' and directions and setting up the showing with the other broker. I found that reasonable, given the couple of far-flung instances. So, we set to work on Wednesday morning (he never could be there earlier than 9:30). One of the boats on my list had just had an offer accepted, and a survey done, and a counter offer made. He agreed that we should still see this boat, which we did, in the pouring rain, as one never knows what will happen to a deal in process. It was one in which I did a video and writeup (the following day, when there was some sunshine!). That's something I'd not do unless I would consider purchase of that type of boat, even if that one were to be sold, and I do it in order to document not only a specific boat, but a boat type, since we're still trying to find a boat I can fit on. Since he knew that I didn't video anything which wasn't a potential for purchase, and I'd done a couple of other video and reports, I expect he felt he had a "live one". However, I sensed a growing irritation that I'd not made an offer on this boat. Since there was an active, accepted contract in place, even if I'd been moved to make an offer, I felt that I was not in a position to do so until the buyer asked for his deposit to be returned. For what it's worth, the buyer was still actively pursuing the boat's purchase through my departure from the area nearly a week later. Despite that, he actively (politely stated) solicited a contract from me for that boat. In any event, Friday afternoon arrived, and after we'd arrived back in the office to review our progress, the partner announced, in effect (paraphrased), "I've shown you the best boat for you" (the one with the contract in place). "If you don't buy that boat, I don't have any use for you. Just go ahead and go direct on the rest of the boats. If you want to see the rest of these in Annapolis, you're an idiot. You can go direct on those. I don't want to go to the Eastern Shore, so just go ahead and see *those* on your own. Call me on Monday and let me know how you made out. Maybe we can see the XXX then." (The XXX is another boat which had a sistership in horrible condition, but which appeared might work for us, so he'd apparently felt there was some merit to keeping that one open.) Well, you can (if you realize it's Friday night and no arrangements with any other brokers have been made!) imagine I was not a very happy camper at that point. I'm faced with sitting in a hotel, trying to find brokers to talk to, on a Saturday morning, when, if they *do* come in, it's usually not until 10 or later. Never mind what might be the end result on Sunday, with no prior commitments to meet, nor that I'd specifically covered this broker's willingness to work on the weekends and cover the area involved, when making the selection of who to work with... So, as you might conclude, I'm not pleased with this broker (the partner to the one I'd had two referrals into). Given that I'm not one to point fingers, I'll only say that if you want to know who it is, drop me a line off-list. Now for the good news, and a recommendation, including a couple of stories: Scrambling as hard as I could to make it happen, one of the listing sheets I'd made up had a broker who listed his cell phone as part of the listing information. I reached him, and made arrangements to see most of the boats on the Eastern Shore. The others I managed to track down on my own, not even involving a broker (they turned out to be boats which would not work for us), by going to yards in which they were placed (having had that information from the original broker, before he pulled the plug). The broker I worked with on the Eastern Shore, and fervently wished I'd called to begin with, was Frank Gary, of Bristol Yachts in Annapolis. I found him to be totally professional in every regard. I later got to visit him in his Annapolis office, and while there, noted that he was a past broker of the year. I'm not surprised... In the course of working with him on the Eastern Shore, he explored our objectives, budget, time frame, and all the other things a good salesperson would do. In addition to a professional appearance and demeanor (definitely not the case with the prior), his objective (at least as far as anything I could see, certainly) was to be the best possible representative of the boats available, whether his or other companies' listings, without in any way attempting to push or bend our objectives, and offered two telling pieces of advice. The first was that I should absolutely not make an offer on any boat which didn't reach out and grab me and not let go. The second is that I should ignore the price shown in making any offer. He followed the second with the observation that too many buyers had ignored his answer to their "What do you think I should offer for this boat?" and offered far less - with a resulting sale with no counter. (In case it's not readily apparent, this is *not* the presentation being made by the other broker.) Wow. What a refreshing contrast! Jumping out of time sequence and ahead for a moment, that other broker did, indeed, show me that other boat after the weekend. However, when we parted later that day, he made it very plain that he was entirely disgusted that I had not bought a boat from him. However, back to Frank: So, we saw several boats in the weekend. In addition to ones I'd identified, he showed me several we'd not had on our list. One of them is on our "intense scrutiny" list - the very short list of boats we're actively considering buying. Beyond that, he did research which allowed me to see additional boats the day following my departure from the first broker. *Those* were in Annapolis, and there was another boat which he'd found (back!) on the Eastern Shore, to which he was quite happy to take me, as well. However, since that one had a contract on it as well, and the selling broker expected it to succeed, we decided to take a pass on it. Epilogue: Monday, after our having worked together over the weekend, he had an email in my box thanking me for the time and wishing me well. Wednesday, after our working together again on Tuesday, he had another email, just following up, wishing me well on my continuing search and offering encouragement for the 1000 mile dash down the coast and back home. Guess who else hasn't said boo?? So, in the end, what's the point? If you want to get professional brokerage services in the Chesapeake Bay area, I could not recommend anyone or company higher than Frank Gary and Bristol Yachts in Annapolis. Further, while I won't soil this space with the other, if you want to know who it is/was, I'll answer any questions you may have off-list... L8R Skip, Frank's info below: Frank E. Gary Bristol Yacht Sales 623 Sixth St. Annapolis, MD 21403 Tel: 800-610 5300 Cell: 410-703 4017 Email: |
#2
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"Chesapeake Bay Boat Buying" followup/Boat search update
WaIIy wrote:
Your stories are certainly interesting, but are you *sure* you are going to buy a boat? Sounds to me like he's doing a good job in shopping carefully. What's your problem? DSK |
#3
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"Chesapeake Bay Boat Buying" followup/Boat search update
WaIIy wrote:
Your stories are certainly interesting, but are you *sure* you are going to buy a boat? Sounds to me like he's doing a good job in shopping carefully. What's your problem? DSK |
#4
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"Chesapeake Bay Boat Buying" followup/Boat search update
Howdy...
"WaIIy" wrote in message ... On Mon, 17 Nov 2003 03:14:14 GMT, "Skip Gundlach" .due.to.spam wrote: Howdy... I'm in the next stage of our boat search, with very encouraging results. We've found several boats which work for us; the next step is to continue with the trip(s) to the rest of the close to 200 candidates identified in this last research. I'll expand on that in a separate post. Your stories are certainly interesting, but are you *sure* you are going to buy a boat? That's an entirely valid question, given the amount of exposure this group has had to the process. Of course, most of the readers here can't adequately relate without having come off a boat with head bleeding (as happened on this last trip), because the search process is immeasurably (OK, someone could probably quantify it!) more difficult when the universe of boats on which I can fit is so small, and despite all the hoo-ha of the advertising, the info presented is wrong more often than it's right. Case in point is the Morgan I drove several hours to see, fighting car troubles all the way, which had stated that the walk-through was 6-4. I made the irrational assumption that if the walk-through was that tall, likely the rest of it was similar or better. Imagine my irritation, since that was the *only* boat in that market, and I could have been 5 hours closer to home by not coming there, as it was the last boat on that trip, when the walk-through proved to be 6-1 at the tall end and 6-0 at the short end. The stern cabin was appropriately sized to the walk-through, which is to say that I walked right off again, having proved it to be a "bonk boat" - my name for the rejects due to height. Now that I'm finished with my excuses, you'll be thrilled to know that I put up a 2-digit number of boatbux as the deposit on a boat 8 days ago, which offer was immediately accepted. The fact that we rejected the boat after the offer was accepted (details privately if of any interest to any here), and the monies about to be refunded isn't germane to your question. So, the answer is yes. But I refuse to go into a high 5 or low 6 figure investment which I intend to live on for the rest of my days (which is likely to be a very long time) without being satisfied that I'll not only enjoy it, but that it will be a good investment should I have to leave, for whatever reason. Stay tuned. We've now got more than one candidate, and my next trip has another dozen or so potentials we've not yet been aboard (see above for expectations of truth in advertising, however!), of boats which work, under 40 feet, and several which also work in the low 40s. Just doing my due diligence. If you think it inappropriate, I've got a business I'd like to sell you... :{)) And just in case you haven't been paying attention, that's the second boat on which we've offered. The first was rejected, this was accepted... Yes, we're going to buy a boat... L8R Skip |
#5
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"Chesapeake Bay Boat Buying" followup/Boat search update
Howdy...
"WaIIy" wrote in message ... On Mon, 17 Nov 2003 03:14:14 GMT, "Skip Gundlach" .due.to.spam wrote: Howdy... I'm in the next stage of our boat search, with very encouraging results. We've found several boats which work for us; the next step is to continue with the trip(s) to the rest of the close to 200 candidates identified in this last research. I'll expand on that in a separate post. Your stories are certainly interesting, but are you *sure* you are going to buy a boat? That's an entirely valid question, given the amount of exposure this group has had to the process. Of course, most of the readers here can't adequately relate without having come off a boat with head bleeding (as happened on this last trip), because the search process is immeasurably (OK, someone could probably quantify it!) more difficult when the universe of boats on which I can fit is so small, and despite all the hoo-ha of the advertising, the info presented is wrong more often than it's right. Case in point is the Morgan I drove several hours to see, fighting car troubles all the way, which had stated that the walk-through was 6-4. I made the irrational assumption that if the walk-through was that tall, likely the rest of it was similar or better. Imagine my irritation, since that was the *only* boat in that market, and I could have been 5 hours closer to home by not coming there, as it was the last boat on that trip, when the walk-through proved to be 6-1 at the tall end and 6-0 at the short end. The stern cabin was appropriately sized to the walk-through, which is to say that I walked right off again, having proved it to be a "bonk boat" - my name for the rejects due to height. Now that I'm finished with my excuses, you'll be thrilled to know that I put up a 2-digit number of boatbux as the deposit on a boat 8 days ago, which offer was immediately accepted. The fact that we rejected the boat after the offer was accepted (details privately if of any interest to any here), and the monies about to be refunded isn't germane to your question. So, the answer is yes. But I refuse to go into a high 5 or low 6 figure investment which I intend to live on for the rest of my days (which is likely to be a very long time) without being satisfied that I'll not only enjoy it, but that it will be a good investment should I have to leave, for whatever reason. Stay tuned. We've now got more than one candidate, and my next trip has another dozen or so potentials we've not yet been aboard (see above for expectations of truth in advertising, however!), of boats which work, under 40 feet, and several which also work in the low 40s. Just doing my due diligence. If you think it inappropriate, I've got a business I'd like to sell you... :{)) And just in case you haven't been paying attention, that's the second boat on which we've offered. The first was rejected, this was accepted... Yes, we're going to buy a boat... L8R Skip |
#6
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"Chesapeake Bay Boat Buying" followup/Boat search update
Skip Gundlach wrote: ..... despite all the hoo-ha of the advertising, the info presented is wrong more often than it's right. Case in point is the Morgan I drove several hours to see, fighting car troubles all the way, which had stated that the walk-through was 6-4. I made the irrational assumption that if the walk-through was that tall, likely the rest of it was similar or better. Imagine my irritation, since that was the *only* boat in that market, and I could have been 5 hours closer to home by not coming there, as it was the last boat on that trip, when the walk-through proved to be 6-1 at the tall end and 6-0 at the short end. Should have handed the broker who gave you the bad info a bill for your time. I threatened to do this with several of the less-good brokers we tried to deal with when hunting for our last boat. And just in case you haven't been paying attention, that's the second boat on which we've offered. The first was rejected, this was accepted... Keep the faith. My wife and I made made offers on 6 and had 2 accepted, only to fall through, before we landed 'the one.' Yes, we're going to buy a boat... I used to say, "We *are* going to buy a boat, but we refuse to be sold a boat." A lot of brokers could not tell the difference. We also saw a lot of ironic circumstances, such as the boat we really liked & would have suited our needs; only to have the owner refuse to consider the boats actual condition & equipment instead of what he imagined it to be... six months later he sold the boat for less than our offer which he'd refused, after paying to have some of the stuff fixed that we'd balked at. Three of the boats we made offers on are still for sale. But we waded through a LOT of BS and misrepresentation and unprofessional conduct by brokers, oh yes. It's a wonder that anybody actually buys boats at all. Fresh Breezes- Doug King |
#7
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"Chesapeake Bay Boat Buying" followup/Boat search update
Skip Gundlach wrote: ..... despite all the hoo-ha of the advertising, the info presented is wrong more often than it's right. Case in point is the Morgan I drove several hours to see, fighting car troubles all the way, which had stated that the walk-through was 6-4. I made the irrational assumption that if the walk-through was that tall, likely the rest of it was similar or better. Imagine my irritation, since that was the *only* boat in that market, and I could have been 5 hours closer to home by not coming there, as it was the last boat on that trip, when the walk-through proved to be 6-1 at the tall end and 6-0 at the short end. Should have handed the broker who gave you the bad info a bill for your time. I threatened to do this with several of the less-good brokers we tried to deal with when hunting for our last boat. And just in case you haven't been paying attention, that's the second boat on which we've offered. The first was rejected, this was accepted... Keep the faith. My wife and I made made offers on 6 and had 2 accepted, only to fall through, before we landed 'the one.' Yes, we're going to buy a boat... I used to say, "We *are* going to buy a boat, but we refuse to be sold a boat." A lot of brokers could not tell the difference. We also saw a lot of ironic circumstances, such as the boat we really liked & would have suited our needs; only to have the owner refuse to consider the boats actual condition & equipment instead of what he imagined it to be... six months later he sold the boat for less than our offer which he'd refused, after paying to have some of the stuff fixed that we'd balked at. Three of the boats we made offers on are still for sale. But we waded through a LOT of BS and misrepresentation and unprofessional conduct by brokers, oh yes. It's a wonder that anybody actually buys boats at all. Fresh Breezes- Doug King |
#8
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"Chesapeake Bay Boat Buying" followup/Boat search update
We are just researching now and planning to buy next winter. But your post
brings up a question I have, if you don't mind. Does the group think it is better/cheaper to buy from an owner privately; or a broker? It seems the broker prices are more inflated and the boats carry less equipment. Some seem stripped actually. The privately owned boats better equipped? I realize this is subjective of course. I imagine many will buy "up" to larger boats and move equipment. This will be first boat so this will be a large factor. Any input welcome! Thanks, Kathy M. "DSK" wrote in message ... Skip Gundlach wrote: ..... despite all the hoo-ha of the advertising, the info presented is wrong more often than it's right. Case in point is the Morgan I drove several hours to see, fighting car troubles all the way, which had stated that the walk-through was 6-4. I made the irrational assumption that if the walk-through was that tall, likely the rest of it was similar or better. Imagine my irritation, since that was the *only* boat in that market, and I could have been 5 hours closer to home by not coming there, as it was the last boat on that trip, when the walk-through proved to be 6-1 at the tall end and 6-0 at the short end. Should have handed the broker who gave you the bad info a bill for your time. I threatened to do this with several of the less-good brokers we tried to deal with when hunting for our last boat. And just in case you haven't been paying attention, that's the second boat on which we've offered. The first was rejected, this was accepted... Keep the faith. My wife and I made made offers on 6 and had 2 accepted, only to fall through, before we landed 'the one.' Yes, we're going to buy a boat... I used to say, "We *are* going to buy a boat, but we refuse to be sold a boat." A lot of brokers could not tell the difference. We also saw a lot of ironic circumstances, such as the boat we really liked & would have suited our needs; only to have the owner refuse to consider the boats actual condition & equipment instead of what he imagined it to be... six months later he sold the boat for less than our offer which he'd refused, after paying to have some of the stuff fixed that we'd balked at. Three of the boats we made offers on are still for sale. But we waded through a LOT of BS and misrepresentation and unprofessional conduct by brokers, oh yes. It's a wonder that anybody actually buys boats at all. Fresh Breezes- Doug King |
#9
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"Chesapeake Bay Boat Buying" followup/Boat search update
We are just researching now and planning to buy next winter. But your post
brings up a question I have, if you don't mind. Does the group think it is better/cheaper to buy from an owner privately; or a broker? It seems the broker prices are more inflated and the boats carry less equipment. Some seem stripped actually. The privately owned boats better equipped? I realize this is subjective of course. I imagine many will buy "up" to larger boats and move equipment. This will be first boat so this will be a large factor. Any input welcome! Thanks, Kathy M. "DSK" wrote in message ... Skip Gundlach wrote: ..... despite all the hoo-ha of the advertising, the info presented is wrong more often than it's right. Case in point is the Morgan I drove several hours to see, fighting car troubles all the way, which had stated that the walk-through was 6-4. I made the irrational assumption that if the walk-through was that tall, likely the rest of it was similar or better. Imagine my irritation, since that was the *only* boat in that market, and I could have been 5 hours closer to home by not coming there, as it was the last boat on that trip, when the walk-through proved to be 6-1 at the tall end and 6-0 at the short end. Should have handed the broker who gave you the bad info a bill for your time. I threatened to do this with several of the less-good brokers we tried to deal with when hunting for our last boat. And just in case you haven't been paying attention, that's the second boat on which we've offered. The first was rejected, this was accepted... Keep the faith. My wife and I made made offers on 6 and had 2 accepted, only to fall through, before we landed 'the one.' Yes, we're going to buy a boat... I used to say, "We *are* going to buy a boat, but we refuse to be sold a boat." A lot of brokers could not tell the difference. We also saw a lot of ironic circumstances, such as the boat we really liked & would have suited our needs; only to have the owner refuse to consider the boats actual condition & equipment instead of what he imagined it to be... six months later he sold the boat for less than our offer which he'd refused, after paying to have some of the stuff fixed that we'd balked at. Three of the boats we made offers on are still for sale. But we waded through a LOT of BS and misrepresentation and unprofessional conduct by brokers, oh yes. It's a wonder that anybody actually buys boats at all. Fresh Breezes- Doug King |
#10
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"Chesapeake Bay Boat Buying" followup/Boat search update
Kathy Mumma wrote:
We are just researching now and planning to buy next winter. But your post brings up a question I have, if you don't mind. Does the group think it is better/cheaper to buy from an owner privately; or a broker? It seems the broker prices are more inflated and the boats carry less equipment. Some seem stripped actually. The privately owned boats better equipped? I realize this is subjective of course. I imagine many will buy "up" to larger boats and move equipment. This will be first boat so this will be a large factor. Any input welcome! Thanks, Kathy M. Generally, we find that brokered boats are cleaner, with less junk lying around. (There are exceptions; Xan was one.) Most of the extra stuff on some boats is pretty much going to be replaced or tossed. It's sorta cool at first to have some of the personal stuff onboard, but it eventually finds its way to the trash bin. Even a lot of electronics and other "useful" gear is often out of date or near its useful life. For instance, I never found LORAN to be particularly useful even if the previous owner (PO) used it regularly. Xan's old crystal-controlled VHF was immediately replaced along with the depth and speed equipment which seemed okay, but was pretty much DOA. On some boats, the various fabrics on cushions and windows would have been the first to be replaced. 'Course, every boat, PO, and buyer is different. Often, an owner sells privately because a broker recommended a lower value than they think their baby is worth. Often a truly great deal is available via broker, particularly if your first bid is appropriate for the actual market for that boat. Key to everything is your knowing about what a particular boat is actually worth on the market. That requires a bit of research on your part, but that is far easier these days than it was a decade ago. -- Jere Lull Xan-a-Deux ('73 Tanzer 28 #4 out of Tolchester, MD) Xan's Pages: http://members.dca.net/jerelull/X-Main.html Our BVI FAQs (290+ pics) http://homepage.mac.com/jerelull/BVI/ |
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