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Re: T&T: Boat Ownership - Exit Strategy

DH
David H Sorenson
Tue, Jan 27, 2009 9:20 PM

Scott, this will not be very encouraging, but we have tracked two Nordic
Tug 42s on Yachtworld for some time. They were originally from this area
and have been moved to the broker's marina in Wisconsin on Lake Michigan
a year or two ago. Anyway, the one has been on the market for over 5
years (maybe 6) and the other for about 4 years. I have checked out both
and I think they are both in excellent condition. They have reduced their
prices some, but obviously not enough. They also, of course, are on the
broker's website and in magazines in which he advertises such as
PassageMaker and Lakeland Boating (a Great Lakes boating magazine). I
know the owner of the one boat has tried to market it fairly aggressively
on his own, apart from his broker. Its a bad time to be selling an
expensive boat, but I guess good for us as a prospective buyer. Best
wishes and I hope your boat sells soon.

David Sorenson
Duluth, MN


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Scott, this will not be very encouraging, but we have tracked two Nordic Tug 42s on Yachtworld for some time. They were originally from this area and have been moved to the broker's marina in Wisconsin on Lake Michigan a year or two ago. Anyway, the one has been on the market for over 5 years (maybe 6) and the other for about 4 years. I have checked out both and I think they are both in excellent condition. They have reduced their prices some, but obviously not enough. They also, of course, are on the broker's website and in magazines in which he advertises such as PassageMaker and Lakeland Boating (a Great Lakes boating magazine). I know the owner of the one boat has tried to market it fairly aggressively on his own, apart from his broker. Its a bad time to be selling an expensive boat, but I guess good for us as a prospective buyer. Best wishes and I hope your boat sells soon. David Sorenson Duluth, MN ____________________________________________________________ Find the perfect boarding school for your troubled teen. Click now! http://thirdpartyoffers.juno.com/TGL2141/fc/PnY6rw2kRFAVSfYx0hZPXHbQ11KHCBH2pwL5lC8IJLGbXuQJrEAP6/
K
Keith
Wed, Jan 28, 2009 11:14 AM

The bottom line is a boat is only worth what someone else is willing to pay
for it. I know people who always have their boat for sale, at the "right"
price. They really don't want to sell it, but if someone comes along....

The problem is that if a boat sits on yachtworld a long time, people figure
that there is something seriously wrong with it, or the owner is
unreasonable. Mine has been listed on yachtworld for several months with a
few looky-loos, but everyone is bottom fishing right now. They figure the
economy is so bad that I'm in a panic to sell at any price. I keep hearing
from prospective buyers... "That (low) price will be looking pretty good in
a few months after you've spent all that money to keep it". What they don't
know is that it's paid for, and I'm just as happy living aboard and renting
my house out.

I'm taking mine off the market in April if she doesn't sell (and I don't
expect her to in this economy). I'd really suggest not leaving a boat for
sale on Yachtworld too long. If nothing else, take it off the market for a
month or two, then re-list. At least it won't show up as being on there for
years.

Keith


There are worse things than getting a call for a wrong number at 4 am. It
could be a right number.
----- Original Message -----
From: "David H Sorenson" davidsorenson@juno.com

Scott, this will not be very encouraging, but we have tracked two Nordic
Tug 42s on Yachtworld for some time. They were originally from this area
and have been moved to the broker's marina in Wisconsin on Lake Michigan
a year or two ago. Anyway, the one has been on the market for over 5
years (maybe 6) and the other for about 4 years.

The bottom line is a boat is only worth what someone else is willing to pay for it. I know people who always have their boat for sale, at the "right" price. They really don't want to sell it, but if someone comes along.... The problem is that if a boat sits on yachtworld a long time, people figure that there is something seriously wrong with it, or the owner is unreasonable. Mine has been listed on yachtworld for several months with a few looky-loos, but everyone is bottom fishing right now. They figure the economy is so bad that I'm in a panic to sell at any price. I keep hearing from prospective buyers... "That (low) price will be looking pretty good in a few months after you've spent all that money to keep it". What they don't know is that it's paid for, and I'm just as happy living aboard and renting my house out. I'm taking mine off the market in April if she doesn't sell (and I don't expect her to in this economy). I'd really suggest not leaving a boat for sale on Yachtworld too long. If nothing else, take it off the market for a month or two, then re-list. At least it won't show up as being on there for years. Keith _____ There are worse things than getting a call for a wrong number at 4 am. It could be a right number. ----- Original Message ----- From: "David H Sorenson" <davidsorenson@juno.com> > Scott, this will not be very encouraging, but we have tracked two Nordic > Tug 42s on Yachtworld for some time. They were originally from this area > and have been moved to the broker's marina in Wisconsin on Lake Michigan > a year or two ago. Anyway, the one has been on the market for over 5 > years (maybe 6) and the other for about 4 years.