Boat Buying Blues

Capt. Andy

New member
11
8
Being a newbie sailor I would want a survey on any boat I'm interested in. I would work with a broker but find their stock to be pretty limited for my price range which admittedly is low (below $30K). I think the boat is actually in very good condition and she is just wanting quick cash. But to have shaken on the deal, cashed the check, then backed out is shitty. My BIL is a lawyer and my check did clear my account with her signature on it so I may just ask him to draft a letter to fuck around with her.

 

Rasputin22

Rasputin22
13,688
3,263
Find a nice alley cat who is really hungry and feed it all it can eat. The last couple of bowls add a generous amount of Ex-Lax and immediately go down to where the boat is docked and toss the cat below and close the companionway!  Shit is as shit does...

rQcGHB6yBWiU.gif


 

Great Red Shark

Super Anarchist
8,385
581
Honolulu
I know it's retrospect, but the conversation should have gone:

"I sold the boat to another buyer."

"Did we have an agreement?"

"Ah"

"We sure as Hell did.  You cashed my check."

"Ah"

"I do not release you from our contract."  click

 

JoeO

Super Anarchist
1,336
147
Chicago
Cristoforo said:
There are some reputable brokers that will work for you as a buyer in that price range, and hope you will use them on your next (bigger) boat 
in a few years. 
This ^.  Hire them as a buyer's rep for a k$ or two. Use the standard YABA (or whatever it is nowadays) contract. Require a survey. It's not like buying a used car from your neighbor - more like buying a "used" house.    

 

SloopJonB

Super Anarchist
67,147
11,565
Great Wet North
 It's not like buying a used car from your neighbor - more like buying a "used" house.    
^ This.

I've been saying for years that buying a boat is much more akin to buying a house than it is to a car.

I think people make the car comparison because both are vehicles but any similarities end there.

 

fastyacht

Super Anarchist
12,928
2,592
Easy to dispose of car. House and boat stuck with it. Even when ot looks like this:

20210622_123320_HDR.jpg

 
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10thTonner

Hazard to Navigation
1,519
530
South of Spandau
The "bad advice" comments were with respect to not getting a surveyor involved, not the broker aspect.

You need a survey in order to get insurance (in my experience), and you need insurance to be able to tie up at a marina (in my experience).  But insurance companies are becoming less and less interested in insuring 30 year old fg boats.  Which is a problem as there are more and more of them around.
Hehe, I just bought a 30yr old, 34ft FG boat. Self-surveyed, insured for about 300€ a year… Europe!  :)  

 

LakeBoy

Super Anarchist
@Capt. AndySorry to hear about your issue.  Learning lesson for us all.  Hope the "Seller" does send you a check.

Doesn't have to be an official Broker's agreement however something in addition to the check covering basic terms would be useful and easy to produce.

Seller details

Buyer Details

Boat Description (incl HIN, equipment)

Selling Price

Deposit made

Contingencies (i.s. survey)

What happens to the deposit if contingencies are failed.

Timing to address contingencies (i.e. get survey, seller remedy issues or renegotiate price)

Viewing boat at marina where slip neighbors know seller sound like there are handy witnesses to add to the form.  

Crowd sourcing: Anything else to add?

 

SloopJonB

Super Anarchist
67,147
11,565
Great Wet North
Hehe, I just bought a 30yr old, 34ft FG boat. Self-surveyed, insured for about 300€ a year… Europe!  :)  
This insurance unavailability seems to be a uniquely American thing.

I've been reading about it for years - ferro uninsurable, older boats uninsurable etc. etc.

Never experienced it here - if it passes survey you get insurance.

 

markwbird

Member
52
16
SF Bay
I've dealt with similar bullshit both buying and selling a boat.  Best not to do any kind of deposit and to pay cash.  Sounds to me like maybe someone is getting scammed.  Either you or her.  I would never accept a sight unseen offer.  Almost certainly a scam.  In your case, she may be just scamming people for deposits.  That is not uncommon.  It may not even be her boat.    

 

Capt. Andy

New member
11
8
@Capt. AndySorry to hear about your issue.  Learning lesson for us all.  Hope the "Seller" does send you a check.

Doesn't have to be an official Broker's agreement however something in addition to the check covering basic terms would be useful and easy to produce.

Seller details

Buyer Details

Boat Description (incl HIN, equipment)

Selling Price

Deposit made

Contingencies (i.s. survey)

What happens to the deposit if contingencies are failed.

Timing to address contingencies (i.e. get survey, seller remedy issues or renegotiate price)

Viewing boat at marina where slip neighbors know seller sound like there are handy witnesses to add to the form.  

Crowd sourcing: Anything else to add?
Yes. In retrospect I would have done things differently. At least note a drivers license #, confirm it's her name on a title, and something in writing. But still, if she's a scammer would it matter? And if a scammer why would she call the next morning telling me she's selling to someone else? Whole thing doesn't make sense. And it's still listed on CL without a "Sale Pending" notice. I did make a complaint with  the Sheriff's office.  If I were a diver, I'd dive the boat to make sure the zinc's are on good and tight. Turn the bolts counter clockwise is my understanding.

 

Expat Canuck

Anarchist
641
165
Salish Sea
This insurance unavailability seems to be a uniquely American thing.

I've been reading about it for years - ferro uninsurable, older boats uninsurable etc. etc.

Never experienced it here - if it passes survey you get insurance.
It's getting more difficult in BC too.  I've had insurance brokers have to shop various underwriters to get a policy.

 
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See Level

Working to overcome my inner peace
Yes. In retrospect I would have done things differently. At least note a drivers license #, confirm it's her name on a title, and something in writing. But still, if she's a scammer would it matter? And if a scammer why would she call the next morning telling me she's selling to someone else? Whole thing doesn't make sense. And it's still listed on CL without a "Sale Pending" notice. I did make a complaint with  the Sheriff's office.  If I were a diver, I'd dive the boat to make sure the zinc's are on good and tight. Turn the bolts counter clockwise is my understanding.
Or you could paste the add here, I'm sure someone would like to make her an even better offer, wink, wink.

 

Great Red Shark

Super Anarchist
8,385
581
Honolulu
i'd like to place a wager there's blisters on the bottom.
My suspicion as well - she wanted you as a back-up position and figured a good survey would find fault,  that would cost her money - so,  once she had you on the hook she used you as leverage to get the next buyer to cash-out without survey.    

You got played.  Played like a cheap guitar.  and depositing your check,  well - that's fraud.

But then,  I'm a skeptical person.     In the immortal words of Marion Barry: "Bitch set me up."

 
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