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Where Are The Spring Buyers?

Old 03-07-2020, 11:29 AM
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Default Where Are The Spring Buyers?

I've got my boat advertised on Boattrader and was thinking I'd start getting some bites now that we're in March.

It's properly priced in the $170K range with no real competition except for similar rigs down in Florida.

Not much action at all.

Had two prospective buyers look at the boat on that 70 degree weekend we had back in January but nothing since.

Corona virus? Waiting for the weather to break? Waiting for their bonus or tax return?

Curious to know how other sellers are making out.

Last edited by tboylan; 03-07-2020 at 12:55 PM.
Old 03-07-2020, 12:19 PM
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Well we put our house up for sale Feb. 20 (stock market started tanking a couple days later) and haven't gotten a single nibble in over 2 weeks. Not a call, nothing. I think people are just sitting tight in real estate until shit sorts itself out a little and I'd be surprised to find out that boats aren't in a similar situation. Good luck with it.
Old 03-07-2020, 12:40 PM
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Think there’s a lot of uncertainty right now, when the market took the hit. People are panicking thinking we’re about to hit another recession. Once this starts to clear up over the next few months, it’ll go back to normal.
Old 03-07-2020, 12:47 PM
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Spring? It's 20 degrees here, less with the wind chill, and still plenty of snow on the ground.

People aren't thinking about boats until Memorial Day when they see their neighbor's brand new bass boat in the driveway.

Old 03-07-2020, 03:54 PM
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I hear ya. My boat's listed on Yachtworld with a broker and I haven't had much action either. ($115k)

Im sure things will pick up by May but its still frustrating.

Last edited by South of Heaven; 03-07-2020 at 04:27 PM.
Old 03-07-2020, 04:08 PM
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at 170k you're not looking for schlubs like me, which is a large market segment (let's say sub 75K). Yours is a high-end segment where even in a hot market the sales cycle is going to be longer. people with that kind of money are sitting back waiting to see if their purchasing power is going to increase over the next few months.
Old 03-07-2020, 05:28 PM
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I went skiing yesterday. It's still winter north of Boston.

Old 03-07-2020, 06:45 PM
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My experience last year selling a much less expensive boat was 1st of April phone starting ringing off the hook and nothing much before it. Listed the boat in late February. It was sold by 4/15.
Old 03-07-2020, 09:13 PM
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Originally Posted by gf View Post
I went skiing yesterday. It's still winter north of Boston.
Oh definitely....BUT please keep it up there!
Old 03-07-2020, 09:17 PM
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All of the financial experts making 8-10% in the market with their money and financing their 170K boats developed a case of shrunk nuts syndrome recently

You're still a few weeks early
Old 03-07-2020, 09:26 PM
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Still a bit early IMHO but properly priced is subjective. The market will ultimately tell you if that's the case. We've all seen boats "for sale" year after year and the seller/broker think they're a good deal.

Post a link to your ad so the people let you know what's going on.
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Old 03-07-2020, 10:03 PM
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you lost me at "priced right" for 170k lol

In my experience, no matter the product or the price.....If something doesn't sell, it's listed too high. YMMV
Old 03-08-2020, 04:24 AM
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I sold my boat a couple years ago listed in in Yacht Trader and THT. One call from Yacht Trader lots of calls from THT.

Other reasons

Its too early

The amount of people getting Covid 19 per day went:30, 60, 80, 120.
Stock Market just fell 15% in about 10 days swinging all over the place.
People don’t know how much and for how long the economy is going to be locked down not an atmosphere to be dropping $175k on a toy.
Old 03-08-2020, 06:01 AM
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Originally Posted by HTJ View Post
All of the financial experts making 8-10% in the market with their money and financing their 170K boats developed a case of shrunk nuts syndrome recently

You're still a few weeks early
This boat is not financed.
Old 03-08-2020, 06:41 AM
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Imo boats like that are a tough sell., i would ask if the place who sold you the boat would sell yours on consignment, maybe someone looking for a new one will look at yours and like to save a few bucks, but if i were to spend 170k i think i could be into a bigger boat for that much money,that just my opinion, you could drop a few years and save 40%
Old 03-08-2020, 07:25 AM
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I love the opinions on THT. So many experts....hold tight Capt. Plan on 1 year to sell anything over 150k.
Old 03-08-2020, 08:00 AM
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Originally Posted by tboylan View Post
This boat is not financed.

I was making light hearted reference to the potential buyers that haven't shown up yet, a humor thing.
Old 03-08-2020, 08:13 AM
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Originally Posted by captpepin View Post
I sold my boat a couple years ago listed in in Yacht Trader and THT. One call from Yacht Trader lots of calls from THT.

Other reasons

Its too early

The amount of people getting Covid 19 per day went:30, 60, 80, 120.
Stock Market just fell 15% in about 10 days swinging all over the place.
People don’t know how much and for how long the economy is going to be locked down not an atmosphere to be dropping $175k on a toy.
Yup. The stock market stabilizing would be helpful.

What also would be helpful is Biden knocking Sanders out of the Democratic primary. The market was getting nervous with that socialist leading the race.

Old 03-08-2020, 12:16 PM
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Originally Posted by tboylan View Post
Here's the boat:

Looking to go into a late model Conquest 315 Pilothouse once this is sold.
Nice boat. GLWYS. Why the move from 285 to 315 though? Seems very close. Why not get the 345 or another comparable boat in the mid 30 foot realm?

Last edited by THT Mod 19; 03-08-2020 at 03:36 PM. Reason: Removed Link
Old 03-08-2020, 12:54 PM
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Originally Posted by South of Heaven View Post
Nice boat. GLWYS. Why the move from 285 to 315 though? Seems very close. Why not get the 345 or another comparable boat in the mid 30 foot realm?
Three feet is a big jump in this model boat. Price tag is also a big jump $85 - $100K more expensive. The 285 is a great boat. It all depends on what the boat will be used for.

Most of the systems are the same so from a maintenance and familiarity standpoint, I already know the boat well. What I have learned about the 285 won't be a throw away going to the 315.

1. 50% greater range
2. Helm Deck Air Conditioning
3. Summer Kitchen Electric Grill
4. Dual 12" or 16" Raytheon Displays vs. Single
5. Fully enclosed helm
6. 'Skyhook' feature that will hold the boat's position while you prepare your lines for docking
7. Joystick
8. 1 Foot Wider Beam (more room in the cabin)
9. Generator
10. Cockpit Refrigerator

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