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#570844 - 05/09/18 02:40 PM Have you ever used a boat broker to sell a boat?  
Joined: Aug 2005
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Cycleboater Offline
Admiral
Cycleboater  Offline
Admiral

Joined: Aug 2005
Posts: 1,050
NC (Lake Norman)
I mentioned in another thread that I've been shopping around for a new to me boat. I made an offer on a boat yesterday and waiting on a response. In any event, the boat I made an offer on is being brokered. That broker has offered to sell my boat for me. Normally I would not be interested, but in this case it would help solve a problem. I do not have a trailer, the boat I made an offer on does not have a trailer. I only have one boat lift. I would not have a way to keep two boats during the time that it would take to sell my current boat. If I let the broker sell it for me, the boat will be stored indoors, he handles the calls, marketing, showings, sea trials, paperwork, etc. The fee is 10%, which seems to be the going rate. I've been impressed with the broker so far in dealing with him on the buy side. He sells a ton of boats and has a good website. Other than leaving some money on the table, the only downside that I can think of is he is 3.5 hours away, but he will pick up the boat for me. Anybody have any good or bad experiences with boat brokers?

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#570852 - 05/10/18 11:34 AM Re: Have you ever used a boat broker to sell a boat? [Re: Cycleboater]  
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GoFirstClass Online content
Retired Boating Bum
GoFirstClass  Online Content
Retired Boating Bum
Grand Poobah

Joined: Nov 2003
Posts: 15,038
Pasco, WA
CB, one thing that might come into play is if your state allows a reduction in the sales tax on the new boat purchase in the amount of the tax on your trade in boat. That sounds a bit confusing but let's say your state sales tax is 5% and the new boat price is $20,000. Your sales tax would be $1,000. If your state allows the sales tax to be reduced and your trade in boat is worth $8.000, your tax liability would be reduce by $400 ($8,000 x 5%).

That might only work if the broker is willing to buy your boat or if they're willing to take it in on trade n the new boat.

To answer your question about using a broker, I've used one to buy a boat but never to sell my boat.


"Beachcomber" 1995 Sea Ray 550 Sedan Bridge


Anchor's down......Bottoms Up!
#570854 - 05/10/18 01:38 PM Re: Have you ever used a boat broker to sell a boat? [Re: Cycleboater]  
Joined: Aug 2005
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Cycleboater Offline
Admiral
Cycleboater  Offline
Admiral

Joined: Aug 2005
Posts: 1,050
NC (Lake Norman)
Well, the seller and I have come to a verbal agreement. I've signed the contract and waiting on the seller to sign. Once he signs, I will share the details on the boat...superstition I guess. The broker is researching what he thinks I can get for my Formula. If I am satisfied with what he comes up with, I am inclined to let him sell it. Logistically, it simply makes the most sense. I realized last night that I have fought off 2-footitis for 12 years! The Formula has been a great boat for us.

#570855 - 05/10/18 07:57 PM Re: Have you ever used a boat broker to sell a boat? [Re: Cycleboater]  
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captkevin Offline
Admiral
captkevin  Offline
Admiral

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Chicago, IL
Very exciting. Can't wait to here more & see pics


2004 Rinker 232
2010 Dodge Ram Crew Cab Laramie 4x4
#570857 - 05/11/18 09:26 AM Re: Have you ever used a boat broker to sell a boat? [Re: Cycleboater]  
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Cycleboater Offline
Admiral
Cycleboater  Offline
Admiral

Joined: Aug 2005
Posts: 1,050
NC (Lake Norman)
Pending a successful sea trial/systems check and an engine/drive test, I will be purchasing a 2010 Cobalt 276. My wife and I have gone round and round about whether we wanted to buy a new boat. Our current boat has been great and is still in excellent condition. I spent a lot of time looking at 28 to 29 foot bowlders with twins, but ultimately decided that I did not want to make that much of an investment. Realistically, a boat that size would be overkill for most of our boating. I had pretty much settled on keeping the 240 for a while longer, but kept my eyes open for the "right boat". The right boat for us was going to be a 27' to 28' single engine bowlder that was near new. This 2010 276, looks near new. Absolutely perfect condition, interior and exterior. Only 144 hours. Its older than everything else we were looking at, but the price and like new condition makes this an easy deal. We pick up a few more spots to put butts in seats and get something that is new to us. Honestly, a bit of the new boat fever has to do with us simply being ready for something different. We had the Formula for 12 years. The cobalt is 27'6' and comes with a 496 HO with a BIIIX drive. I hope to have it on my lift by June 1.

[Linked Image]

#570858 - 05/11/18 09:42 AM Re: Have you ever used a boat broker to sell a boat? [Re: Cycleboater]  
Joined: Jun 2004
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Silverbullet Offline
Admiral
Silverbullet  Offline
Admiral

Joined: Jun 2004
Posts: 8,859
Boise, ID
Very nice. Is the 276 the same general hull design as the 226/246? I occasionally think it would be nice to move up to the 246 or next size up. It would sure add some room.

I did find a cobalt specific board of you are interested.

Hope it all works out.


James
2002 Cobalt 226 VP 8.1GIDP
2007 Chevy 2500HD Crew Cab Duramax
1988 Suburban 3/4 Ton
2000 Subaru Forester


#570859 - 05/11/18 11:38 AM Re: Have you ever used a boat broker to sell a boat? [Re: Cycleboater]  
Joined: Mar 2008
Posts: 2,182
PhatboyC Offline
Always Need a Bigger Boat
PhatboyC  Offline
Always Need a Bigger Boat
Admiral

Joined: Mar 2008
Posts: 2,182
Ottawa/Ontario
Nice congrats! Nothing like changing boats to keep the excitement going.


-------------------------------
2007 40' Formula SS
2006 25'.6" Cuddy Cabin - Sold
#570865 - 05/11/18 09:11 PM Re: Have you ever used a boat broker to sell a boat? [Re: Silverbullet]  
Joined: Aug 2005
Posts: 1,050
Cycleboater Offline
Admiral
Cycleboater  Offline
Admiral

Joined: Aug 2005
Posts: 1,050
NC (Lake Norman)
Originally Posted by Silverbullet
Very nice. Is the 276 the same general hull design as the 226/246? I occasionally think it would be nice to move up to the 246 or next size up. It would sure add some room.

I did find a cobalt specific board of you are interested.

Hope it all works out.


Thanks! I don't know if its the same hull design as the 226/246. I still need to get educated on Cobalt's different models.

Yes, I am interested in the Cobalt specific board.

#570888 - 05/14/18 11:22 AM Re: Have you ever used a boat broker to sell a boat? [Re: PhatboyC]  
Joined: Aug 2005
Posts: 1,050
Cycleboater Offline
Admiral
Cycleboater  Offline
Admiral

Joined: Aug 2005
Posts: 1,050
NC (Lake Norman)
Originally Posted by PhatboyC
Nice congrats! Nothing like changing boats to keep the excitement going.


Thanks. I notice the 400 SS in your signature. Love them. That is the boat I will have if I move up to boating outside of an inland lake.

#570889 - 05/14/18 11:35 AM Re: Have you ever used a boat broker to sell a boat? [Re: Cycleboater]  
Joined: Mar 2008
Posts: 2,182
PhatboyC Offline
Always Need a Bigger Boat
PhatboyC  Offline
Always Need a Bigger Boat
Admiral

Joined: Mar 2008
Posts: 2,182
Ottawa/Ontario
Even when I bought my first boat 10 years ago I already new this was going to be my next boat. I fell in love with the shape. Life I short so better now than never.


-------------------------------
2007 40' Formula SS
2006 25'.6" Cuddy Cabin - Sold
#570891 - 05/14/18 04:08 PM Re: Have you ever used a boat broker to sell a boat? [Re: Cycleboater]  
Joined: Feb 2003
Posts: 11,701
Frantically Relaxing Online content
Admiral
Frantically Relaxing  Online Content
Admiral

Joined: Feb 2003
Posts: 11,701
You're going to wonder why you didn't get a bigger boat sooner smile -


[Linked Image]
#570892 - 05/14/18 05:10 PM Re: Have you ever used a boat broker to sell a boat? [Re: Frantically Relaxing]  
Joined: Aug 2005
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Cycleboater Offline
Admiral
Cycleboater  Offline
Admiral

Joined: Aug 2005
Posts: 1,050
NC (Lake Norman)
Originally Posted by Frantically Relaxing
You're going to wonder why you didn't get a bigger boat sooner smile -


Truth!

I am going to make the 3.5 hour drive Wednesday night for a sea trial on Thursday morning. I have decided not to get a survey. The boat truly is like new and I feel like I know enough about bowlders to check it over myself. I will make a checklist to take with me and test all the systems for proper operation. It's a bowlder, so there are not extensive systems to check. I will have the engine and drive inspected by a Mercruiser tech after the sea trial. Compression check, hook it up to a computer to check for codes and have the drive inspected. We'll see how it goes.

#570893 - 05/14/18 05:16 PM Re: Have you ever used a boat broker to sell a boat? [Re: Cycleboater]  
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captkevin Offline
Admiral
captkevin  Offline
Admiral

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Posts: 7,429
Chicago, IL
Cycleboater great choice on the boat. That will be on our short list next round. Trying to hold off another year or 2. You guys are making it hard with all the new boats around here.


2004 Rinker 232
2010 Dodge Ram Crew Cab Laramie 4x4
#570896 - 05/14/18 09:22 PM Re: Have you ever used a boat broker to sell a boat? [Re: Cycleboater]  
Joined: Jan 2003
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Jack T Offline
Admiral
Jack T  Offline
Admiral

Joined: Jan 2003
Posts: 3,784
Southern California
"You guys are making it hard with all the new boats around here."

Amazing what coming out of a recession does for the economy.


Have a great day of boating
2012 Monterey 224 FS,
300 HP Volvo Penta with catalytic converters


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