Are you buying right now, or waiting?

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GregR

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I've been looking for my next boat since late fall. I found a few good candidates recently, made offers, sellers counter one time (about 1% of asking) and that's it. Brokers I like are telling me boat owners who were planning to sell are keeping their boats because there is nothing else to do, especially if they have kids (no soccer, no baseball, no sports, etc. for the kids).

I will see a boat online on Monday and by the time the broker gets back to me it's under contract already, full price offer.

I am thinking about waiting until the fall, see what this "2nd round of COVID" may/may not do and see what the economy looks like.
 
I bot but only because the guy wanted out to move up. So the price was reasonable. But yeah I have been seeing the same thing - low inventory, firm prices. Unless and until you find the perfect deal for you I would wait.
 
When I bought my boat a few weeks ago I was the 5th call the guy had but the first person to show up with cash. He had a line of people coming to look at it after me. All within a few hours of listing it.

A mechanic friend that helped me sort out some wiring today told me he has been flat our for months, busier than ever. I guess the water is the best cure for the insanity going on everywhere...
 
Yeah, it's insane what people are paying for boats, IMHO. A couple of brokers I know and trust suggested I wait until the fall, when the kids go back to school (hopefully) and the boats are not getting used.

I can't bring myself to pay these kinds of prices for a depreciating asset. I do miss the water though so my emotions may get the better of me.
 
the broker is speaking of generalities. Every sellers situation is different. You only need one boat.
Waiting until the end of the season gets you all the expense of storage but none of the fun.
personally i would be looking for a boat in excellent condition rather than lowest price.
 
quote:
Originally posted by pdecat

the broker is speaking of generalities. Every sellers situation is different. You only need one boat.
Waiting until the end of the season gets you all the expense of storage but none of the fun.
personally i would be looking for a boat in excellent condition rather than lowest price.

Click to expand...


Agreed, and I have found a few close to excellent condition, made a fair offer, and the sellers will not move off their price.

I am not going to negotiate with myself.

In the last case I agreed to their first and only counter and asked for the boat to be cleaned prior to survey/haul out as it had been sitting for a while, and I could not tell the condition of the hull. They said no and accepted a full asking price offer the next day.

Another seller countered once, down 1%, and would not budge after that.
 
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