Go Back  The Hull Truth - Boating and Fishing Forum > BOATING FORUMS > Dockside Chat
Reload this Page >

Wtf is wrong with boat brokers?!

Notices

Wtf is wrong with boat brokers?!

Old 03-16-2014, 07:24 AM
  #1  
Senior Member
Thread Starter
 
Join Date: Nov 2008
Location: Seacoast NH
Posts: 6,164
Default Wtf is wrong with boat brokers?!

Trying to deal with brokers is just mind numbing! To have tried to use brokers to both buy and sell boats, maybe 6 or 7 times in the last few years. Other then comcast, it has to be the most inept group I have ever dealt.

Most recently in the search for a smaller boat (under $10k) I called 6 brokers about 6 different boats. I got one call back. I talk to the guy and tell him I want the boat, he tells me he needs a signed P&S with a deposit. I laughed, it's $4k, I was planning on just showing up handing the money over and signing then. I responded with, good enough he is a pro and does things by the books. Get the P&S, looking at the serial number, the boat is a 2000 model year, mfg - not a 2001 listed. No big deal to me, but he should have caught this. He says he took the information from another site?

Fast froward...crickets. I scanned the executed P&S with check for the deposit on thurs. Hard copies should be their Monday, if they are not already there. I get it small boats are little money for these guys, but then don't take the f'n listing!

I am looking to sell my Grady, but just don't want to babysit these guys. I have 0 confidence they will work for me, the way I would work for me. My issue, I don't have the time to show the boat and deal with crap that I would gladly pay a commission to a PROFESSIONAL. Clearly there are not any out there!

Am I on a bad run here, or is this pretty much it? I have never had a positive experience with this profession.
Boat Hound is online now  
Old 03-16-2014, 07:48 AM
  #2  
Senior Member
 
Join Date: Aug 2012
Location: Dallas/Key Largo
Posts: 478
Default

I think you'll find the majority of THT participants share your view.

Even the broker endorsed by this site left much to be desired when I tried to contact him multiple times...jus say'n.
2lucky is offline  
Old 03-16-2014, 08:03 AM
  #3  
Senior MemberCaptains Club Member
 
Join Date: Dec 2007
Posts: 15,649
Default

Is your boat at home, or at a marina? If marina, what about getting a dock kid or guy to show the boat and be the, "explainer of how things work on the boat".

Give him a couple hundred bucks when the boat sells, and double it if he brings you the buyer.
bamaboy473 is offline  
Old 03-16-2014, 08:03 AM
  #4  
Admirals Club Admiral's Club Member
 
Join Date: Aug 2011
Location: Tampa, FL
Posts: 2,059
Default

Here we go again.

Broker haters will say we're all bad. Others will say it's just like every other profession, good and bad apples.

Sorry to hear you've had a lousy experience, plenty of good brokers out there that earn their keep.
WalkingTheDocks is offline  
Old 03-16-2014, 10:47 AM
  #5  
Admirals Club Admiral's Club Member
 
Join Date: Nov 2012
Location: Charleston, SC
Posts: 8,086
Default

Originally Posted by WalkingTheDocks View Post
Here we go again.

Broker haters will say we're all bad. Others will say it's just like every other profession, good and bad apples.

Sorry to hear you've had a lousy experience, plenty of good brokers out there that earn their keep.
Yup. Just like realtors, cops, and whatever the hated profession of the week is on here. Most are good, the bad ones get all the press though.

I'm not a broker, but I have a good friend who has made an extremely successful career of it.
Double tyme is offline  
Old 03-16-2014, 11:05 AM
  #6  
Senior Member
 
Sneaky Snooker's Avatar
 
Join Date: Nov 2013
Location: South Florida
Posts: 8,994
Default

Originally Posted by Double tyme View Post
Yup. Just like realtors, cops, and whatever the hated profession of the week is on here. Most are good, the bad ones get all the press though.

I'm not a broker, but I have a good friend who has made an extremely successful career of it.
Yup X 2
Sneaky Snooker is offline  
Old 03-16-2014, 11:37 AM
  #7  
Senior Member
 
Join Date: Jun 2002
Posts: 2,143
Default

Yeah the above posts pretty much sum it up. I have a friend who is an excellent and professional broker. Used him as my broker before he was my friend. Now having said that I still had trouble stomaching the commission. So I have now used Broker Your Own Boat with Bob Filger several times and never looked back.

If you can handle dealing with people BYOB can save you some money and give you a lot of exposure to sell that you would not otherwise get.
bens2 is offline  
Old 03-16-2014, 11:40 AM
  #8  
Senior Member
Thread Starter
 
Join Date: Nov 2008
Location: Seacoast NH
Posts: 6,164
Default

Originally Posted by bamaboy473 View Post
Is your boat at home, or at a marina? If marina, what about getting a dock kid or guy to show the boat and be the, "explainer of how things work on the boat".

Give him a couple hundred bucks when the boat sells, and double it if he brings you the buyer.
My boat is on a mooring behind my house, otherwise that is a great idea!
Boat Hound is online now  
Old 03-16-2014, 11:43 AM
  #9  
Senior Member
Thread Starter
 
Join Date: Nov 2008
Location: Seacoast NH
Posts: 6,164
Default

Originally Posted by WalkingTheDocks View Post
Here we go again.

Broker haters will say we're all bad. Others will say it's just like every other profession, good and bad apples.

Sorry to hear you've had a lousy experience, plenty of good brokers out there that earn their keep.
I didn't say they were all bad, I said everyone I have come into contact is bad (15-20). Out of the 8-10 guys I hang out with, they have all had similar experiences. Maybe your the exception.
Boat Hound is online now  
Old 03-16-2014, 11:53 AM
  #10  
Admirals Club Admiral's Club Member
 
Join Date: Nov 2012
Location: Charleston, SC
Posts: 8,086
Default

Not to make this a north south thing, but with your more limited boating season, the simple fact is its that much more difficult to make a living in any aspect of the boating world.

Everything from tackle shops, marinas, guides, surveyors, and also brokers have to deal with six plus months of (nearly) unboatable weather. That may have something to do with it.

Being a boat broker in New Hampshire is like owning an Italian ice stand in Alaska.
Double tyme is offline  
Old 03-16-2014, 12:00 PM
  #11  
Admirals Club Admiral's Club Member
 
Hagar TH's Avatar
 
Join Date: Mar 2013
Location: Central Fl
Posts: 4,421
Default

It all boils down to times spent and reward. It takes just as much effort to sell a 10,000 dollar boat as it does a 90,000 dollar boat. they are paid on commission and they go where there is the most money to be made.
Hagar TH is offline  
Old 03-16-2014, 12:24 PM
  #12  
Senior Member
 
Join Date: Jul 2010
Location: Coastal South Carolina
Posts: 2,879
Default

Originally Posted by Boat Hound View Post
Trying to deal with brokers is just mind numbing! To have tried to use brokers to both buy and sell boats, maybe 6 or 7 times in the last few years. Other then comcast, it has to be the most inept group I have ever dealt.

Most recently in the search for a smaller boat (under $10k) I called 6 brokers about 6 different boats. I got one call back. I talk to the guy and tell him I want the boat, he tells me he needs a signed P&S with a deposit. I laughed, it's $4k, I was planning on just showing up handing the money over and signing then. I responded with, good enough he is a pro and does things by the books. Get the P&S, looking at the serial number, the boat is a 2000 model year, mfg - not a 2001 listed. No big deal to me, but he should have caught this. He says he took the information from another site?

Fast froward...crickets. I scanned the executed P&S with check for the deposit on thurs. Hard copies should be their Monday, if they are not already there. I get it small boats are little money for these guys, but then don't take the f'n listing!

I am looking to sell my Grady, but just don't want to babysit these guys. I have 0 confidence they will work for me, the way I would work for me. My issue, I don't have the time to show the boat and deal with crap that I would gladly pay a commission to a PROFESSIONAL. Clearly there are not any out there!

Am I on a bad run here, or is this pretty much it? I have never had a positive experience with this profession.


my adult son looked at a hobie cat 16 ft boat once, man said it was a 99 or 2001. stupid hobie cat people in california musta been smoking it, they put a 1979 serial number on the hull, gee.
edwardh1 is online now  
Old 03-16-2014, 12:56 PM
  #13  
Senior Member
 
Join Date: Nov 2013
Posts: 1,044
Default

I have used one in Wilmington NC and would go no other way.... at least with him.
deep tog is offline  
Old 03-16-2014, 02:33 PM
  #14  
Senior Member
 
Join Date: Mar 2010
Location: The River
Posts: 360
Default

Originally Posted by Sneaky Snooker View Post
Yup X 2
X3.....these broker bashing threads have been beat to death here. As others have stated, good and bad in EVERY profession, including the op's.

I have a good friend who's a broker and some of the buyer/seller stories he tells me are unbelievable....like the guy who dropped a duce in the head during a sea-trial, just to make sure the head worked....then insisted the holding tank be pumped before taking delivery, wtf!

Be great if some of the THT brokers started a thread highlighting some of their buyer/seller horror stories....what say you WTD?
Poncho65 is offline  
Old 03-16-2014, 02:36 PM
  #15  
Admirals Club Admiral's Club Member
 
Join Date: Feb 2014
Location: Lewes, DE
Posts: 10,202
Default

Originally Posted by Poncho65 View Post
X3.....these broker bashing threads have been beat to death here. As others have stated, good and bad in EVERY profession, including the op's.

I have a good friend who's a broker and some of the buyer/seller stories he tells me are unbelievable....like the guy who dropped a duce in the head during a sea-trial, just to make sure the head worked....then insisted the holding tank be pumped before taking delivery, wtf!

Be great if some of the THT brokers started a thread highlighting some of their buyer/seller horror stories....what say you WTD?
I'm in real estate, not boats, but I have some insane client horror stories.
TorFed is offline  
Old 03-17-2014, 05:02 AM
  #16  
Senior MemberCaptains Club Member
 
Join Date: Jan 2006
Location: Goodland, Florida
Posts: 3,976
Default

The broker I bought my current boat from about a year ago was OUTSTANDING.



Totally honest, very knowledgeable, very helpful to buyer and seller and went the extra mile in everyway to make the deal successful.


Next time I sell or buy, I hope he is around. This was in SWFL.
Cat-a-holic is offline  
Old 03-17-2014, 05:29 AM
  #17  
Admirals Club Admiral's Club Member
 
Join Date: May 2008
Location: Between Richmond and Williamsburg
Posts: 2,964
Default

With the internet and all that it encompasses I find it hard to believe that people can post on a forum but aren't capable of researching or vetting possible candidates for task such as selling/buying boats. Its a very rare occasion that I conduct business without finding out something about the person or company or service that I need to use. I would think a simple post requesting the names of some respectable brokers in the area or market you live in could have saved you some misery.
twobyfour is offline  
Old 03-17-2014, 05:46 AM
  #18  
Admirals Club Admiral's Club Member
 
Join Date: Apr 2012
Posts: 1,153
Default

How should I put this? I feel that the vast majority of boat brokers are thieving slime that would make a used car salesman look like a saint.
KJ6TQG is offline  
Old 03-17-2014, 06:34 AM
  #19  
cdx
Senior Member
 
cdx's Avatar
 
Join Date: Jan 2006
Location: Cecil co. MD
Posts: 3,437
Default

Originally Posted by KJ6TQG View Post
How should I put this? I feel that the vast majority of boat brokers are thieving slime that would make a used car salesman look like a saint.

Sounds like the listing broker for a boat I bought 13 years ago. The guy didn't send the excise tax to the state DNR. When I bought the boat, I had a temporary state decal. I called him about the permanent one when it was about to expire, he sent me another temporary, and said the state was behind. When that one was about to expire, I called the DNR, they had no record of the transaction. I called the broker, and informed him of the situation. He got pissy with me about it, I guess because he had to send the tax money to the state. A few years later I read in a local boating paper that he was convicted of fraud, and in jail.
I have a few stories about using brokers to sell a boat, but not wanting to beat a dead horse, I will refrain.
cdx is offline  
Old 03-17-2014, 03:58 PM
  #20  
Admirals Club Admiral's Club Member
 
Join Date: Aug 2011
Location: Tampa, FL
Posts: 2,059
Default

I wouldn't argue with you guys on a lot of this. We have conversations in my office about some of the idiots we've dealt with that hold the same licenses that we do.

Just a shame to see threads about brokers being bad, and so many people with bad experiences.

Your experience isn't terribly unusual Boat Hound, and it's a shame. I can't tell you how many times we close a sale and the client tells me that he's glad to have finally met a good broker after dealing with a half dozen bad ones.


Of course I've had plenty of terrible non-customers who would probably have bad things to say about me because I refused to deal with their antics. Two sides to every coin I guess.
WalkingTheDocks is offline  

Thread Tools
Search this Thread