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[ Active Members: 4 | Guests: 110 ]  [ Total: 114 ]  [ Newest Member: luna sea ]
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 SOLD! 1986 Regal Sold to a ANG soldier - yay!
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Author Previous Topic: Regal 3780 (3880, 4080) Guest cabin storage locker Topic Next Topic: Drain problem...  

defboat

RO# 9541

Posted - Jun 11 2013 :  07:42:05  Show Profile  Reply with Quote
Between finances and back problems, we have to say good bye to our well loved boat.

After lowering the price ... after all said and done we had 3 responses, so seller beware - don't jump too fast!

She went to Maine this afternoon after loading a whole truck of 'stuff' including a new S/S prop, chemicals, tools, mats, more tools, believe the tools?, jack stands, safety and cleaning stuff, wiring schematics, original brochure(wow, 1986?), 6 service manuals, extra bulbs, absorbents, 6 extra 50-150' new docklines, deep sea fishing stuff...and more.

We're happy she's with a serviceman who is planning to put her back in the Atlantic where she belongs. He has our email address and our promise to help whenever.

Now for a good strong scotch and a tear.

Edited by - defboat on Jun 18 2013 20:21:57

Homeport: boats in New Castle, NH

DogDaze

RO# 27009

Posted - Jun 11 2013 :  10:23:28  Show Profile  Reply with Quote
quote:
Originally posted by defboat



I've heard of BoatAngel, but have never had that experience..
But I do believe that if you plan to donate that it would only apply as a tax deduction if you itemize.. (tho, I could be wrong)


Joe & Sheryl
The Great North Coast

1998 Cruisers Yachts 3575

Homeport: Cedar Point, Ohio Go to Top of Page

cwms

RO# 7357

Posted - Jun 11 2013 :  12:34:39  Show Profile  Reply with Quote
Financially, you would come out way ahead selling it at half asking price than taking a tax deduction.


Homeport: VA Go to Top of Page

rnbenton

RO# 31163



Posted - Jun 11 2013 :  12:52:36  Show Profile  Reply with Quote
Got a link to the Broker listing?

Bob


Key West 196 Bay Reef, 150 Yamaha
USCG 50 Ton MMC, Tow Assist Endorsement
SSI Certified Instructor Level 1


Homeport: Palm Coast, FL Go to Top of Page

DogDaze

RO# 27009

Posted - Jun 11 2013 :  12:55:22  Show Profile  Reply with Quote
quote:
Originally posted by cwms

Financially, you would come out way ahead selling it at half asking price than taking a tax deduction.

agree w/that..


Joe & Sheryl
The Great North Coast

1998 Cruisers Yachts 3575

Homeport: Cedar Point, Ohio Go to Top of Page

defboat

RO# 9541

Posted - Jun 11 2013 :  14:45:55  Show Profile  Reply with Quote
quote:
Originally posted by rnbenton

Got a link to the Broker listing?

Bob




Good advice, thanks!

http://www.boats.com/sites/marinexchange/boat?entityid=139023031&mid=2135



Edited by - defboat on Jun 11 2013 14:47:05

Homeport: boats in New Castle, NH Go to Top of Page

cwms

RO# 7357

Posted - Jun 11 2013 :  15:03:45  Show Profile  Reply with Quote
The way I understand donated boats, you can only write off the amount of money the charity actually sells the boat for. So, if you donate your boat and it is auctioned off for $3000, all you get is a $3000 deduction and depending on your tax bracket, that will only net you less than $1000.
That's why I say, if you let it go fast for $3000, you're way ahead of the game.



Homeport: VA Go to Top of Page

j-d

RO# 15782

Posted - Jun 11 2013 :  15:22:09  Show Profile  Reply with Quote
I don't know if this is still in effect but, there used to be an exception to cwms' "actually sells" for statement.

Used to be we could donate and deduct "book value" whatever that was.

Then a number of years ago, rules changes to "actually sells" but my understanding the exception is: IF the charity uses the vehicle (boat?) in their program, then you can claim "book." Making up an example: You donate Granpa's Town Car to Meals on Wheels. If they auction it off for $500, that's your deduction. If they title/tag it and use it to deliver meals and Book is $2000, then you can claim $2000.

Verify before donating. Say Meals on Wheels uses the Town Car then sells it for $500 after three months because it's such a gas hog, then can you still claim the $2000?


God Bless, jd
1996 Sea Ray 215EC
357CID/4V/275HP RWC 1G408541 Alpha1G2 1.62 14-1/2*23*3 Aluminum


Homeport: Sunny Florida Go to Top of Page

cwms

RO# 7357

Posted - Jun 11 2013 :  16:06:25  Show Profile  Reply with Quote
I've heard of what j-d says. Just check it out for details before going the charity approach. Why not ask your broker if he thinks another $1500-2000 off the asking price would get you a quick sale.


Homeport: VA Go to Top of Page

DogDaze

RO# 27009

Posted - Jun 11 2013 :  17:49:06  Show Profile  Reply with Quote
with a little work (maybe a fresh coat of Imron or Awlgrip) it has potential to be a nice boat... They were great running boats in their day.. We had the updated 280 (same hull) & was a very good running boat. She took a LOT of rough Lake Erie water & typically, never a problem. I don't think you'll have that much trouble selling her if you're flexible on your price.

Joe & Sheryl
The Great North Coast

1998 Cruisers Yachts 3575

Homeport: Cedar Point, Ohio Go to Top of Page

cwms

RO# 7357

Posted - Jun 11 2013 :  18:09:50  Show Profile  Reply with Quote
No question that fresh paint will brighten up anything. However, Imron or Awlgrip is very expensive to apply assuming you have a professional do it. It's not a do it yourself kind of job unless you have real skills in that area. I don't think that kind of expense is warranted in a 27 year old boat in the boat size and price range you are in. If you had a 40', 27 year old Hatteras, that would be a different story.
A nice price cut will probably give you your quickest, least painful solution to moving the boat before additional expenses hit you.



Homeport: VA Go to Top of Page

gardnersf

RO# 13607



Posted - Jun 11 2013 :  18:58:41  Show Profile  Reply with Quote
I had a Regal 1992 265. Very similar boat slightly updated interior. I agree with the lower selling price. My guess is she will move around $5K. The problem you face is a huge quantity of boats of similar size, age and price.

Also use Craigslist

I saw a Trojan 10 meter Sedan in my local Craigslist for $6K. Urgent Divorce Sale.


Scott Gardner
Smithfield, RI
1986 Trojan 10 meter Mid-Cabin Express "More Family Time"
Twin Crusader 454 Straight Inboards
1963 17' Boston Whaler - 90HP Evinrude

Homeport: Barrington, RI Go to Top of Page

defboat

RO# 9541

Posted - Jun 11 2013 :  19:08:32  Show Profile  Reply with Quote
The best RO's are here - thank you!


Homeport: boats in New Castle, NH Go to Top of Page

cwms

RO# 7357

Posted - Jun 11 2013 :  19:18:07  Show Profile  Reply with Quote
Totally agree with Craigslist.


Homeport: VA Go to Top of Page

Pa Mikee

RO# 32785

Posted - Jun 11 2013 :  19:25:41  Show Profile  Reply with Quote
I do not think it's over priced. It's an older boat with an older looking style. For $8k what is a buyer expecting? The thing that I would be concerned about is all the mildew in the engine room. If it's in the engine room its probably just as bad between the cabin liner and the hull; and all along the bottom of the hull from the stern to the bow.


Homeport: Go to Top of Page

DogDaze

RO# 27009

Posted - Jun 11 2013 :  20:33:52  Show Profile  Reply with Quote
Ditto on Craigslist & forego the brokers fee.. As tor the paint job, I agree..
(I was referring to work the next owner could do if desired)

I have an automotive finish background & so, it would be something that could be done if one has the time, place & skillset. (also as noted above). That is, being that the stringers & transom are still good too..

it would be a labor of love & a LOT of TLC..
I seem to recall one RO, who took the bottom paint off a 280 & re-gel coated the entire hull... Now, that I thought was really overkill..


Joe & Sheryl
The Great North Coast

1998 Cruisers Yachts 3575

Homeport: Cedar Point, Ohio Go to Top of Page

defboat

RO# 9541

Posted - Jun 12 2013 :  17:04:12  Show Profile  Reply with Quote
Thank you for all your advice! Obvious we have to lower the price.

And that's oil on the sides of the engine room, just fyi !



Homeport: boats in New Castle, NH Go to Top of Page

mdoherty

RO# 12220



Posted - Jun 12 2013 :  17:18:40  Show Profile  Reply with Quote
You could also try an eBay auction.

Mike

Homeport: Leesburg VA Go to Top of Page

rnbenton

RO# 31163



Posted - Jun 12 2013 :  17:39:09  Show Profile  Reply with Quote
quote:
Originally posted by defboat

Thank you for all your advice! Obvious we have to lower the price.

And that's oil on the sides of the engine room, just fyi !



What's your bottom, bottom line? I have a friend may be interested.

Bob


Key West 196 Bay Reef, 150 Yamaha
USCG 50 Ton MMC, Tow Assist Endorsement
SSI Certified Instructor Level 1


Homeport: Palm Coast, FL Go to Top of Page

defboat

RO# 9541

Posted - Jun 12 2013 :  18:56:10  Show Profile  Reply with Quote
quote:
Originally posted by rnbenton

quote:
Originally posted by defboat

Thank you for all your advice! Obvious we have to lower the price.

And that's oil on the sides of the engine room, just fyi !



What's your bottom, bottom line? I have a friend may be interested.

Bob




We just spoke to a military man in Bangor who is interested and I told him we would go to 5K and deliver it to him, so, for an RO...yes, lower, but how do you do that with a broker?

just to be totally upfront (best thing first), new bimini and clears 2010, new alpha 1 outdrive intermediate cable with the final adjustment needing to be in the water. Both outdrives recently serviced. Launch included.

Thanks for the help, guys!



Homeport: boats in New Castle, NH Go to Top of Page

bobh

RO# 13842



Posted - Jun 12 2013 :  20:45:37  Show Profile  Reply with Quote
I may have someone Whois interested in that price. Will let you know.

Bob
Stingray 250CR

Homeport: Delran, NJ Go to Top of Page

DogDaze

RO# 27009

Posted - Jun 13 2013 :  05:46:08  Show Profile  Reply with Quote
quote:
but how do you do that with a broker?


depends on your relationship with the broker AND the contract you signed w/him and/or IF you had an exclusion if you sold it yourself.. (ie: you brought the buyer)

You may be able to work things out w/him.. or you could be tied to paying the agreed brokerage fees.

Did you leave yourself an out?? and/or how long is the contract for?


Joe & Sheryl
The Great North Coast

1998 Cruisers Yachts 3575

Homeport: Cedar Point, Ohio Go to Top of Page

defboat

RO# 9541

Posted - Jun 13 2013 :  07:16:10  Show Profile  Reply with Quote
Thanks - broker fee doesn't matter - we'd be happy if she got a new owner and/or a new water view!

Update - it was a real lead from Maine - YAY! he's seeing this well loved (needing some work) boat on Saturday, wish us luck!




Edited by - defboat on Jun 13 2013 18:38:28

Homeport: boats in New Castle, NH Go to Top of Page

Billylll

RO# 24494

Posted - Jun 16 2013 :  13:10:52  Show Profile  Reply with Quote
So are congrats in order?
If so I'm glad you sold her.
Bill


Bill Lentz
Little Egg, N.J.

Homeport: Tuckerton, N.J. Go to Top of Page

defboat

RO# 9541

Posted - Jun 16 2013 :  13:23:52  Show Profile  Reply with Quote
Thanks - if all goes well with the tweaking of the new intermediate cable adjustment Tuesday, yes, she is sold!

There were 2 other people interested, so I believe I will see how the tweaking goes and if new potential owner is happy before responding! the ducks in a row, so to speak!




Homeport: boats in New Castle, NH Go to Top of Page

j-d

RO# 15782

Posted - Jun 19 2013 :  07:03:28  Show Profile  Reply with Quote
Hopefully she'll have a great new home, loved and appreciated, and YOU will have nothing but fond memories.

God Bless, jd
1996 Sea Ray 215EC
357CID/4V/275HP RWC 1G408541 Alpha1G2 1.62 14-1/2*23*3 Aluminum


Homeport: Sunny Florida Go to Top of Page
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