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Boat Ownership - Exit Strategy

T
Tsiscoekid@aol.com
Mon, Jan 26, 2009 12:56 PM

Having cruised the Great Lakes, completed the Great Loop done three  extended
cruises to the Bahamas since retiring and going cruising almost ten  years
ago, we are now planing our "exit strategy" which means that we must now  sell
our boat.
I'm asking myself the same question that I'm sure many of you have had to
contemplate in the past. Do I want to try to sell it myself as a FSBO (for sale
by owner) or do I just go out and list it with a broker. Under the current
economic conditions I am thinking that substantially reducing the price and
going the FSBO route may be the best way to start but am unsure of how  to best
advertise the boat to potential buyers.
I know about the old stand-by publications like Soundings and PassageMaker
where I could place a display advertisement but I am not sure where to go to
get  the best exposure on the Internet. Other than the "T & T For Sale" site,
what other options or sites are available that would give me the widest
exposure  for my boat?
Have any of you come up with other unique or unusual ideas that you have
used or have heard about that may help in my marketing  effort?
I am open to advice from all and any of you who have successfully sold your
boat or have friends or dock mates who have sold their boats lately.

Thanks for your help,

John and  Karen Siscoe
M/V CHATEAU
46 Defever Fast Trawler
Ph 813 754 9209 Cell  813 951 3610
Tsiscoekid@aol.com
Currently Lying St Pete Beach,  Fl
**************Know Your Numbers: Get tips and tools to help you improve your
credit score.
(http://www.walletpop.com/credit/credit-reports?ncid=emlcntuswall00000002)

Having cruised the Great Lakes, completed the Great Loop done three extended cruises to the Bahamas since retiring and going cruising almost ten years ago, we are now planing our "exit strategy" which means that we must now sell our boat. I'm asking myself the same question that I'm sure many of you have had to contemplate in the past. Do I want to try to sell it myself as a FSBO (for sale by owner) or do I just go out and list it with a broker. Under the current economic conditions I am thinking that substantially reducing the price and going the FSBO route may be the best way to start but am unsure of how to best advertise the boat to potential buyers. I know about the old stand-by publications like Soundings and PassageMaker where I could place a display advertisement but I am not sure where to go to get the best exposure on the Internet. Other than the "T & T For Sale" site, what other options or sites are available that would give me the widest exposure for my boat? Have any of you come up with other unique or unusual ideas that you have used or have heard about that may help in my marketing effort? I am open to advice from all and any of you who have successfully sold your boat or have friends or dock mates who have sold their boats lately. Thanks for your help, John and Karen Siscoe M/V CHATEAU 46 Defever Fast Trawler Ph 813 754 9209 Cell 813 951 3610 Tsiscoekid@aol.com Currently Lying St Pete Beach, Fl **************Know Your Numbers: Get tips and tools to help you improve your credit score. (http://www.walletpop.com/credit/credit-reports?ncid=emlcntuswall00000002)
K
Keith
Mon, Jan 26, 2009 1:29 PM

It's always worth trying to sell it yourself first. Keep in mind the market
is bad right now, so hopefully you can be patient until the prices come back
up. I've had a couple of ridiculous offers for my boat from bottom fishers
lately, expect the same. All the paperwork, escrow, etc. can be handled by
Boat/US. Check their services out at:
http://www.boatus.com/boatloans/service/services.asp. Some you can do
yourself as well if you're so inclined.

I had some luck listing my last boat on E-Bay, believe it or not. Had a
"winning" bidder, signed the purchase contracts provided by Boat/US, did the
survey, but I think he found a boat he liked better because he backed out
with no reason. Anyway it's worth trying for a small listing fee and if
you're successful a small winning bid fee.

Lots of places and web sites to list your boat. I'd start locally with your
local boating magazines and maybe even the newspaper. Lots of web sites and
magazines like Boat/US, passagemaker, etc. Don't forget Boat Trader either.
I'm sure everyone will chime in with various web sites you can list for free
or a small charge.

The only thing a broker has access to that you don't is the Yachtworld
listing, essentially the MLS of the boating world. A great resource, but
it's worth trying to sell it on your own first, IMHO.

http://internetboats.com/
http://www.boattrader.com/
http://www.boatus.com/scripts/classifieds/
http://www.pilothouseonline.com/
http://www.boats.com/index.jsp

Keith


In the long run, all solutions are temporary, so go ahead and use duct tape.
----- Original Message -----
From: Tsiscoekid@aol.com

I know about the old stand-by publications like Soundings and PassageMaker
where I could place a display advertisement but I am not sure where to go
to
get  the best exposure on the Internet. Other than the "T & T For Sale"
site,
what other options or sites are available that would give me the widest
exposure  for my boat?

It's always worth trying to sell it yourself first. Keep in mind the market is bad right now, so hopefully you can be patient until the prices come back up. I've had a couple of ridiculous offers for my boat from bottom fishers lately, expect the same. All the paperwork, escrow, etc. can be handled by Boat/US. Check their services out at: http://www.boatus.com/boatloans/service/services.asp. Some you can do yourself as well if you're so inclined. I had some luck listing my last boat on E-Bay, believe it or not. Had a "winning" bidder, signed the purchase contracts provided by Boat/US, did the survey, but I think he found a boat he liked better because he backed out with no reason. Anyway it's worth trying for a small listing fee and if you're successful a small winning bid fee. Lots of places and web sites to list your boat. I'd start locally with your local boating magazines and maybe even the newspaper. Lots of web sites and magazines like Boat/US, passagemaker, etc. Don't forget Boat Trader either. I'm sure everyone will chime in with various web sites you can list for free or a small charge. The only thing a broker has access to that you don't is the Yachtworld listing, essentially the MLS of the boating world. A great resource, but it's worth trying to sell it on your own first, IMHO. http://internetboats.com/ http://www.boattrader.com/ http://www.boatus.com/scripts/classifieds/ http://www.pilothouseonline.com/ http://www.boats.com/index.jsp Keith _____ In the long run, all solutions are temporary, so go ahead and use duct tape. ----- Original Message ----- From: <Tsiscoekid@aol.com> > I know about the old stand-by publications like Soundings and PassageMaker > where I could place a display advertisement but I am not sure where to go > to > get the best exposure on the Internet. Other than the "T & T For Sale" > site, > what other options or sites are available that would give me the widest > exposure for my boat?
DS
Dan Stone
Mon, Jan 26, 2009 1:30 PM

John and Karen

I'll share with you my experience with sale of our '85 Albin 43 in June of
2008.  I used over an 18 month period FSBO (advertised on T & T and
Trawlerforum.com), then listing with Mastry (St. Pete.) and lastly Edwards
(http://www.edwardsyachtsales.com/).  During that 18 months I received ONE
serious offer and wound up taking it.  The sales price was at least 25% less
than I thought I would ever accept going into the process.  As you know,
this is a terribly tough time for boat sales right now and I wish you all
the best.  Mine was an older boat, but in very good condition.  I was a
little surprised that the market proved to be as bad as it was for what I
considered to be a nice trawler for someone looking in that price range.

If you were interested in contacting a broker I would highly recommend the
guy I worked with at Edwards, Roy Stringfellow.  He's very personable and a
hard worker.  He lives in Terra Verde,
(c)305-775-8907.

Dan Stone
St. Petersburg, FL

----- Original Message -----
From: Tsiscoekid@aol.com
To: trawlers-and-trawlering@lists.samurai.com
Sent: Monday, January 26, 2009 7:56 AM
Subject: T&T: Boat Ownership - Exit Strategy

Having cruised the Great Lakes, completed the Great Loop done three
extended
cruises to the Bahamas since retiring and going cruising almost ten  years
ago, we are now planing our "exit strategy" which means that we must now
sell
our boat.
I'm asking myself the same question that I'm sure many of you have had to
contemplate in the past. Do I want to try to sell it myself as a FSBO (for
sale
by owner) or do I just go out and list it with a broker. Under the current
economic conditions I am thinking that substantially reducing the price
and
going the FSBO route may be the best way to start but am unsure of how  to
best
advertise the boat to potential buyers.
I know about the old stand-by publications like Soundings and PassageMaker
where I could place a display advertisement but I am not sure where to go
to
get  the best exposure on the Internet. Other than the "T & T For Sale"
site,
what other options or sites are available that would give me the widest
exposure  for my boat?
Have any of you come up with other unique or unusual ideas that you have
used or have heard about that may help in my marketing  effort?
I am open to advice from all and any of you who have successfully sold
your
boat or have friends or dock mates who have sold their boats lately.

Thanks for your help,

John and  Karen Siscoe
M/V CHATEAU
46 Defever Fast Trawler
Ph 813 754 9209 Cell  813 951 3610
Tsiscoekid@aol.com
Currently Lying St Pete Beach,  Fl
**************Know Your Numbers: Get tips and tools to help you improve
your
credit score.
(http://www.walletpop.com/credit/credit-reports?ncid=emlcntuswall00000002)


http://lists.samurai.com/mailman/listinfo/trawlers-and-trawlering

To unsubscribe or modify your subscription options (get password, change
email address, etc) go to:
http://lists.samurai.com/mailman/options/trawlers-and-trawlering

Trawlers & Trawlering and T&T are trademarks of Water World
Productions. Unauthorized use is prohibited.

John and Karen I'll share with you my experience with sale of our '85 Albin 43 in June of 2008. I used over an 18 month period FSBO (advertised on T & T and Trawlerforum.com), then listing with Mastry (St. Pete.) and lastly Edwards (http://www.edwardsyachtsales.com/). During that 18 months I received ONE serious offer and wound up taking it. The sales price was at least 25% less than I thought I would ever accept going into the process. As you know, this is a terribly tough time for boat sales right now and I wish you all the best. Mine was an older boat, but in very good condition. I was a little surprised that the market proved to be as bad as it was for what I considered to be a nice trawler for someone looking in that price range. If you were interested in contacting a broker I would highly recommend the guy I worked with at Edwards, Roy Stringfellow. He's very personable and a hard worker. He lives in Terra Verde, (c)305-775-8907. Dan Stone St. Petersburg, FL ----- Original Message ----- From: <Tsiscoekid@aol.com> To: <trawlers-and-trawlering@lists.samurai.com> Sent: Monday, January 26, 2009 7:56 AM Subject: T&T: Boat Ownership - Exit Strategy > Having cruised the Great Lakes, completed the Great Loop done three > extended > cruises to the Bahamas since retiring and going cruising almost ten years > ago, we are now planing our "exit strategy" which means that we must now > sell > our boat. > I'm asking myself the same question that I'm sure many of you have had to > contemplate in the past. Do I want to try to sell it myself as a FSBO (for > sale > by owner) or do I just go out and list it with a broker. Under the current > economic conditions I am thinking that substantially reducing the price > and > going the FSBO route may be the best way to start but am unsure of how to > best > advertise the boat to potential buyers. > I know about the old stand-by publications like Soundings and PassageMaker > where I could place a display advertisement but I am not sure where to go > to > get the best exposure on the Internet. Other than the "T & T For Sale" > site, > what other options or sites are available that would give me the widest > exposure for my boat? > Have any of you come up with other unique or unusual ideas that you have > used or have heard about that may help in my marketing effort? > I am open to advice from all and any of you who have successfully sold > your > boat or have friends or dock mates who have sold their boats lately. > > Thanks for your help, > > John and Karen Siscoe > M/V CHATEAU > 46 Defever Fast Trawler > Ph 813 754 9209 Cell 813 951 3610 > Tsiscoekid@aol.com > Currently Lying St Pete Beach, Fl > **************Know Your Numbers: Get tips and tools to help you improve > your > credit score. > (http://www.walletpop.com/credit/credit-reports?ncid=emlcntuswall00000002) > _______________________________________________ > http://lists.samurai.com/mailman/listinfo/trawlers-and-trawlering > > To unsubscribe or modify your subscription options (get password, change > email address, etc) go to: > http://lists.samurai.com/mailman/options/trawlers-and-trawlering > > Trawlers & Trawlering and T&T are trademarks of Water World > Productions. Unauthorized use is prohibited.
RM
Robert Meyer
Mon, Jan 26, 2009 2:47 PM

"what other options or sites are available that would give me the widest
exposure  for my boat?
Have any of you come up with other unique or unusual
ideas that you have
used or have heard about that may help in my marketing
effort? "

We sold our 1990 32' Sundowner Tug last summer (FSBO) by using the
combination of e-bay, BST, Sundowner Tugs Owners group, and other Internet
postings.

We first took the information from the last survey (purchase
survey) along with pictures and created a quick and easy website on
www.blogger.com.  Basically setup a blog and create one post with all
the information.  Then you can have individual posts that contain all the
details about the various systems on the boat (hull, engines, electronics,
etc).

Once we had that done (took about 4 hours to type in the details).
Then we posted on e-bay (I think it costs $50) and had all the information
plus a link back to the "Blog"/Website.

We were overwhelmed with interest and
the boat sold for more than $15,000 more that what we had hoped it
would.  Using www.blogger.com worked out great.  We don't have our website
anymore but we used www.blogger.com (which is free) to create
www.purveslagoon.com.

We purchased the boat on e-bay in 2003 and sold it on
e-bay in 2008 -- cost us $50.00 and the boat was sold and shipped within a
month or so.

Have a nice day,

Robert Meyer

2008 22 C-Dory "BRAZO"
Sturgeon
Bay, WI

"what other options or sites are available that would give me the widest exposure for my boat? Have any of you come up with other unique or unusual ideas that you have used or have heard about that may help in my marketing effort? " We sold our 1990 32' Sundowner Tug last summer (FSBO) by using the combination of e-bay, BST, Sundowner Tugs Owners group, and other Internet postings. We first took the information from the last survey (purchase survey) along with pictures and created a quick and easy website on www.blogger.com. Basically setup a blog and create one post with all the information. Then you can have individual posts that contain all the details about the various systems on the boat (hull, engines, electronics, etc). Once we had that done (took about 4 hours to type in the details). Then we posted on e-bay (I think it costs $50) and had all the information plus a link back to the "Blog"/Website. We were overwhelmed with interest and the boat sold for more than $15,000 more that what we had hoped it would. Using www.blogger.com worked out great. We don't have our website anymore but we used www.blogger.com (which is free) to create www.purveslagoon.com. We purchased the boat on e-bay in 2003 and sold it on e-bay in 2008 -- cost us $50.00 and the boat was sold and shipped within a month or so. Have a nice day, Robert Meyer 2008 22 C-Dory "BRAZO" Sturgeon Bay, WI
TL
The Lippert's
Tue, Jan 27, 2009 3:13 AM

John & Karen:

For what it's worth, here is my opinion as a recent buyer of a 42 Grand
Banks in florida.. I live in Victoria BC and looked for 9 months for the
right boat..I ,like many others I discussed buying a boat with, all went
thru a broker. I thought about buying from owner.. But just did not think
that was the way to go.. Even though I did tons of independent
research..There is a comfort level and assistance having the broker
involved.

I bought my boat in St Pete.. There is an excellent firm there you might
want to check with.. Bob and Shar Fillingham own and run Fillingham Yacht
Sales located in Salt Creek Marina in St Pete..

Bob is a big DeFever fan so it would be good to talk with him about how best
to sell your boat.. Given the market in US, they have been selling quite a
few boats in Europe.. again, those type of transactions are done thru
brokers..

Here is their contact info..

Fillingham Yacht Sales
Salt Creek Marine District
105 15th Ave. S.E.
St. Petersburg, FL 33701
Fax: (727) 864-0305
E-Mail: sales@fillinghamyachts.com
Toll Free ...(888) 830-1421

Capt. Bob Fillingham .....Cell (727) 460 5687

No affiliation, just a real happy customer having had the pleasure of
dealing with them.

Good luck

Drew

----- Original Message -----
From: Tsiscoekid@aol.com
To: trawlers-and-trawlering@lists.samurai.com
Sent: Monday, January 26, 2009 4:56 AM
Subject: T&T: Boat Ownership - Exit Strategy

Having cruised the Great Lakes, completed the Great Loop done three
extended
cruises to the Bahamas since retiring and going cruising almost ten  years
ago, we are now planing our "exit strategy" which means that we must now
sell
our boat.
I'm asking myself the same question that I'm sure many of you have had to
contemplate in the past. Do I want to try to sell it myself as a FSBO (for
sale
by owner) or do I just go out and list it with a broker. Under the current
economic conditions I am thinking that substantially reducing the price
and
going the FSBO route may be the best way to start but am unsure of how  to
best
advertise the boat to potential buyers.
I know about the old stand-by publications like Soundings and PassageMaker
where I could place a display advertisement but I am not sure where to go
to
get  the best exposure on the Internet. Other than the "T & T For Sale"
site,
what other options or sites are available that would give me the widest
exposure  for my boat?
Have any of you come up with other unique or unusual ideas that you have
used or have heard about that may help in my marketing  effort?
I am open to advice from all and any of you who have successfully sold
your
boat or have friends or dock mates who have sold their boats lately.

Thanks for your help,

John and  Karen Siscoe
M/V CHATEAU
46 Defever Fast Trawler
Ph 813 754 9209 Cell  813 951 3610
Tsiscoekid@aol.com
Currently Lying St Pete Beach,  Fl
**************Know Your Numbers: Get tips and tools to help you improve
your
credit score.
(http://www.walletpop.com/credit/credit-reports?ncid=emlcntuswall00000002)


http://lists.samurai.com/mailman/listinfo/trawlers-and-trawlering

To unsubscribe or modify your subscription options (get password, change
email address, etc) go to:
http://lists.samurai.com/mailman/options/trawlers-and-trawlering

Trawlers & Trawlering and T&T are trademarks of Water World
Productions. Unauthorized use is prohibited.

John & Karen: For what it's worth, here is my opinion as a recent buyer of a 42 Grand Banks in florida.. I live in Victoria BC and looked for 9 months for the right boat..I ,like many others I discussed buying a boat with, all went thru a broker. I thought about buying from owner.. But just did not think that was the way to go.. Even though I did tons of independent research..There is a comfort level and assistance having the broker involved. I bought my boat in St Pete.. There is an excellent firm there you might want to check with.. Bob and Shar Fillingham own and run Fillingham Yacht Sales located in Salt Creek Marina in St Pete.. Bob is a big DeFever fan so it would be good to talk with him about how best to sell your boat.. Given the market in US, they have been selling quite a few boats in Europe.. again, those type of transactions are done thru brokers.. Here is their contact info.. Fillingham Yacht Sales Salt Creek Marine District 105 15th Ave. S.E. St. Petersburg, FL 33701 Fax: (727) 864-0305 E-Mail: sales@fillinghamyachts.com Toll Free ...(888) 830-1421 Capt. Bob Fillingham .....Cell (727) 460 5687 No affiliation, just a real happy customer having had the pleasure of dealing with them. Good luck Drew ----- Original Message ----- From: <Tsiscoekid@aol.com> To: <trawlers-and-trawlering@lists.samurai.com> Sent: Monday, January 26, 2009 4:56 AM Subject: T&T: Boat Ownership - Exit Strategy > Having cruised the Great Lakes, completed the Great Loop done three > extended > cruises to the Bahamas since retiring and going cruising almost ten years > ago, we are now planing our "exit strategy" which means that we must now > sell > our boat. > I'm asking myself the same question that I'm sure many of you have had to > contemplate in the past. Do I want to try to sell it myself as a FSBO (for > sale > by owner) or do I just go out and list it with a broker. Under the current > economic conditions I am thinking that substantially reducing the price > and > going the FSBO route may be the best way to start but am unsure of how to > best > advertise the boat to potential buyers. > I know about the old stand-by publications like Soundings and PassageMaker > where I could place a display advertisement but I am not sure where to go > to > get the best exposure on the Internet. Other than the "T & T For Sale" > site, > what other options or sites are available that would give me the widest > exposure for my boat? > Have any of you come up with other unique or unusual ideas that you have > used or have heard about that may help in my marketing effort? > I am open to advice from all and any of you who have successfully sold > your > boat or have friends or dock mates who have sold their boats lately. > > Thanks for your help, > > John and Karen Siscoe > M/V CHATEAU > 46 Defever Fast Trawler > Ph 813 754 9209 Cell 813 951 3610 > Tsiscoekid@aol.com > Currently Lying St Pete Beach, Fl > **************Know Your Numbers: Get tips and tools to help you improve > your > credit score. > (http://www.walletpop.com/credit/credit-reports?ncid=emlcntuswall00000002) > _______________________________________________ > http://lists.samurai.com/mailman/listinfo/trawlers-and-trawlering > > To unsubscribe or modify your subscription options (get password, change > email address, etc) go to: > http://lists.samurai.com/mailman/options/trawlers-and-trawlering > > Trawlers & Trawlering and T&T are trademarks of Water World > Productions. Unauthorized use is prohibited.
Q
Quince
Tue, Jan 27, 2009 7:01 AM

I think you've had some good advice.....some other thoughts

It is harder to sell a larger boat IMHO so the idea of using a Broker and
Yachtworld may have merit. Yachtworld would get you exposure in other
markets like Europe that have seen much better exchange rates against the
dollar.

You could also try and find a "part time? or retired?" broker with lower
commissions to get the yachtworld listing.

Trying on your own first won't be too hard though.  EBay is relatively
cheap and has a wide audience to advertise to.  Maybe try for 90 days?

.....You have a quality boat which can help
........You can also post for sale on AGLCA Newsletter and  Message Board
.....you can do a slideshow of the boat as well as a BlogSpot to make it
easy for people to see the boat features (both basically free)

I did this slideshow of Chicago yesterday using Picasa....no cost, just
time...
http://picasaweb.google.com/jimquince/ChicagoLoopPictures?authkey=hb6i6779ju
c#slideshow

Good Luck

-----Original Message-----
From: Tsiscoekid@aol.com [mailto:Tsiscoekid@aol.com]
Sent: Monday, January 26, 2009 7:57 AM
To: trawlers-and-trawlering@lists.samurai.com
Subject: T&T: Boat Ownership - Exit Strategy

Having cruised the Great Lakes, completed the Great Loop done three
extended cruises to the Bahamas since retiring and going cruising almost ten
years ago, we are now planing our "exit strategy" which means that we must
now  sell our boat.

I think you've had some good advice.....some other thoughts It is harder to sell a larger boat IMHO so the idea of using a Broker and Yachtworld may have merit. Yachtworld would get you exposure in other markets like Europe that have seen much better exchange rates against the dollar. You could also try and find a "part time? or retired?" broker with lower commissions to get the yachtworld listing. Trying on your own first won't be too hard though. EBay is relatively cheap and has a wide audience to advertise to. Maybe try for 90 days? .....You have a quality boat which can help ........You can also post for sale on AGLCA Newsletter and Message Board .....you can do a slideshow of the boat as well as a BlogSpot to make it easy for people to see the boat features (both basically free) I did this slideshow of Chicago yesterday using Picasa....no cost, just time... http://picasaweb.google.com/jimquince/ChicagoLoopPictures?authkey=hb6i6779ju c#slideshow Good Luck -----Original Message----- From: Tsiscoekid@aol.com [mailto:Tsiscoekid@aol.com] Sent: Monday, January 26, 2009 7:57 AM To: trawlers-and-trawlering@lists.samurai.com Subject: T&T: Boat Ownership - Exit Strategy Having cruised the Great Lakes, completed the Great Loop done three extended cruises to the Bahamas since retiring and going cruising almost ten years ago, we are now planing our "exit strategy" which means that we must now sell our boat.