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Horace42

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Posts posted by Horace42

  1. Thanks all, for the kind thoughts. 

    We were 'continuous moorers', an antidote to 'continuous cruisers'.

    "Willpower" was moored at our house for 34 years, except when leaving for a couple of 3 day local breaks each year, plus an annual 3 or 4 week round trip.

    We never went very far it seems...but that was not the point...we bought the boat for the 'pace-of-life', a 'get-away-from-it' thing really......in that respect we did have a great time...and no complaints .... although disappointed we did not get any further north than Manchester.

  2. 3 hours ago, Jess-- said:

    with bank transfers it is worth bearing in mind that your buyer may have limits on the amount they can transfer per day.

     

    when we sold ours they had to make payments over 3 days

    10k - 10k - 7k

    for each of the first payments we provided a receipt that stated we had received a partial payment, how much had been paid (with bank transfer details), how much remained outstanding, and that we retained ownership until the full payment had been received.

     

    The receipt for the final payment stated that we had received full payment for the boat and that from "time / date" we no longer had any legal interest in the boat and that "new owners" were the sole owners of the boat and responsible for all requirements & liabilities.

    Jess ...  thanks.  I will bear this in mind ... but first to find a buyer ...

  3. 4 hours ago, agg221 said:

    We bought privately. The seller provided a bill of sale in advance of us paying - this is not a good idea (but we did pay!)

     

    The method we had worked out as removing the risk for both buyer and seller relied on both parties having internet banking and completing the transfer in person. Both sit down at the same table - bill of sale prepared by the seller but not signed, and inspected by the buyer as they wish for content (the RYA template is all that's needed). The buyer then transfers a nominal pound to the seller's account, which they verify has arrived. The buyer then transfers the balance, broken down into as many payments as needed to fall below the threshold that triggers the security system at their bank into holding the payments. The seller verifies that the money has arrived in their account, signs the bill of sale and hands over that, a receipt for payment and the keys to the boat. All completed in a transparent fashion for both parties.

     

    Alec

    Thanks Alec.  Well that makes sense....I will keep that in mind and use it if need be.

  4. 20 hours ago, sueb said:

    When we sold our boat brokers weren't interested. We put it on apollo duck and someone turned up and paid for it without a survey. We were lucky that a friend, who knew the boat well, dealt with the buyer. I didn't see the buyer until I passed the keys over. Don't worry about brokers and boatyards your buyer probably won't. Good luck.

    I suppose my only worry should be the guarantee of getting paid in full if sold 'as seen' ... I am certainly not in a position to fulfill or honour any after-sales warranty's....other than answer technical questions by email..

  5. On 05/01/2022 at 08:45, David Mack said:

    Did the broker have it surveyed out of the water, or is it just his uninformed opinion that it needs replating?

    I would have thought a newly plated boat ought to be worth significantly more than £15k in the current market. That said I agree you would be better selling it 'as seen' and letting the buyer deal with the issue (or not).

    Surveyed in the dry-dock in 2018 when blacked....albeit the surveyor's report did a better 'blacking' job that the boatyard....

  6. Hello to everybody who commented before.

     

    Events overtook me and I had to give priority to selling the house.

    Hopefully I can find time to sell my narrowboat....albeit I am talking to a broker who can do it for me....but a bit disappointed by the logic of their valuation.

    ...due to extensive rusting ... means £23k to have it replated ...and then only worth £15K when finished.....?

    So I won't have it replated.....and that opens up a whole argument about the merits of surveyors calling for replating....that I would like to avoid ... and hence more help here from members of this forum on values of a fully functional live-aboard...but rusty boat.

    I have produced a sales leaflet that I could post (..if I knew how to do it...)

  7. 5 hours ago, cuthound said:

     

    Indeed, when we were buying our canalaide house (on the same canal.as @Horace42's) several estate agents mention that waterside properties were worth at least 25% more than similar landlocked properties.

     

    @Horace42 could add the cost of the boat to the property price and sell them together as a house with boat included.

     

    It will be a shame to pass Willpower's mooring and see it empty.

    Thanks....if our retirement boating plans had gone well...our mooring would have been empty most of the time.....but it was not to be.

    ...but you are right about the extra value...that is what we had to pay 35 years ago when we bought it.

  8. On 10/09/2021 at 07:52, matty40s said:

    However, given your mobility and care issues, it is far better to get the boat to a broker so they can handle viewings. If you need someone to do it but finance is an issue, ask the broker to take their fee off the final settlement.

    Thanks Matty.  I am fit and able - at least enough to handle viewings any time here at home. Finance matters, in terms of a fair price, but somewhat incidental within in the restriction of the framework I have with my wife's care programme and house move....an agent can be appointed to take my boat and sell it if we run out of time..

     

  9. 49 minutes ago, TheBiscuits said:

     

    Is it the one in your avatar?  If so I'd be taking advantage of you at ten grand.

     

    Prices are stupid at the moment - the covid restrictions on international travel has made them go to what I consider insane levels.

     

    Give us a few photos of the boat in it's current state and a brief description - age,  length, builder, engine, fiddly bits - inverter/stove/batteries/cooker etc. and we'll be able to give you an indication of it's current value.  I suspect it will be quite a bit more than you think.

     

    Alternatively get one or more brokers to come and view it and they'll give you an idea of what they think they can sell it for.

     

    That doesn't mean I wouldn't give you ten grand for it though - I'd just feel bad all the way to the brokerage! ;)

     

     

     

     

     

    Oi -  I'm not random! :D

     

    Yes - The Avatar is Willpower...and me a few years ago.

    I appreciate the update in current thinking on prices and sales methods.

    I guess I need to get the details of Willpower listed on this forum, and go from there -

  10. 3 hours ago, enigmatic said:

     

    This is one of the advantages of using a broker, and letting them take it away to their marina and take their cut for handle all the sales. Any owner who experiences any issues after buying it won't have your contact details.

     

    If you have a few drawings and instructions regarding the modifications you've made to your boat that's a lot more help than most buyers will get anyway!

     

    In addition to other suggestions, there's a brokerage based at Alvecote Marina near you (no particular recommendation although I did look at a couple of boats there)

    Thanks enigmatic.  I know of Alvecote marina. ... can contact them if my DIY sales efforts fail.

  11. 5 hours ago, dmr said:

    Do note that water frontage and an EoG will likely add much more to the house value than the estate thinks, they do not always handle water frontage well. Hold out for top price and even if a later mortgage valuation comes in a bit low stand your ground.

     

    When I sold a house with mooring on a tidal estuary one of the valuations said "there is a load of mud at the bottom of the garden but I don't think it will detract too much from the value of the property".

     

    Both boats and houses are selling very well just now.

    Thanks dmr.  The house sale is a separate issue from the boat sale. Although I have an EOG mooring, it is on CRT land only accessible from my garden (thus 50% discount on the fee). The CRT mooring is not mine to sell. I will have to vacate the mooring when I sell the house. 

  12. 17 minutes ago, TheBiscuits said:

     

     

    A floating boat with a working engine?  Needs TLC?  Don't want any comeback from the buyer?

     

    I'll give you ten grand for it, as is, where is, unseen - and you'll never hear from me again ...

     

    ... and you don't need to bother cleaning it.

    TheBiscuits... I don't want to be offensive ... but would you be paying with a rubber cheque....but if your offer of £10k is serious - don't go away!

    I might be forced into a fire-sale to get rid of my boat quickly in order to give vacant possession to my property.

    For the moment I will put a sales pack together on this forum to see what interest there is.

     

  13. 11 minutes ago, The Happy Nomad said:

     

    Mmm.

     

    The broker is merely someone who 'facilitates' the sale.

     

    A buyer will have no comeback to the broker unless the broker actually owns the boat as allegedly happens with a certain well known broker somewhere near Whilton locks.

     

    It still needs to be described honestly because the broker has the comeback of stating the details were provided by the seller not them. The seller should verify the details, I did and found a couple of errors that Rugby Boats initially were going to post on their web site.

     

    So if you say your boat has an Isuzu 42 in pristine condition but in fact its got a delapitated worn out BMC that smokes like the proverbial worn out pile of scrap then the ultimate comeback is to the seller not the broker.

    My boat sale might be unique - I do not want to hold out for the highest price by over-stressing or exaggerating the features. Painting a glowing picture might increase the value but also disproportionately increase the expectations  - and bring in it's wake a whole load of hassle if things went wrong.

    Painting the boat would be better - but I do not have time for that.

    A quick sale price is probably the best bet for me, but yes, a good clean makes sense...

  14. 46 minutes ago, agg221 said:

    I'm not sure if these thoughts are helpful, but I am currently undertaking a private purchase of a boat, so coming at this from the other side if you decide to go that way.

     

    People need to contact you to make enquiries or arrange a viewing. That means phone, text or email. All of these can be created cheaply on a disposable basis - a cheap pay as you go phone and then don't use it any more; a temporary email address created in minutes. The odds of them banging on the door are negligible, and you are moving anyway!

     

    Documents give confidence. Ideally a purchase receipt (appreciating it may have vanished years ago in your case) in which case evidence of longstanding ownership such as datable photographs, paperwork from BW/CRT; evidence of the current licence and BSS, ie how long does it have to run; the most recent hull survey if you have had one.

     

    If it looks clean and tidy, it indicates that it has probably been loved and cared for. Slightly faded and aged is a reflection of reality - a new owner may prefer to put their own stamp on the decor and if the price is a bit lower because it is a bit faded, it is easier to justify buying that boat. With the age of it, you are not trying to appeal to the buyer of a brand new shiny boat so a bit of fixing up is to be expected - it doesn't sound like it has deteriorated to the status of 'project' for which read needs totally gutting and re-fitting so I wouldn't describe it as that, just needing some TLC.

     

    Taking photos after any cleaning/tidying/dusting gives a better impression! (you would be amazed how many take the photos first). There is no point hiding anything but equally it's worth taking photos of everything - bathroom, galley, bedroom(s) engine bay/room and a full length shot to give a general impression. As well as the photos, a layout plan really helps visualise what you are looking at, even if only hand sketched to approximate scale with dimensions.

     

    A description with as many of the fittings listed as possible, ideally with approximate dates, is very useful. E.g. 12V Electrolux washing machine c.2020; central heating from a Webasto diesel heater installed 2015 etc. Also, any equipment which comes with the boat 'boat will come complete with all crockery, cutlery, pots and pans, mooring ropes, 3 windlasses' etc. This clarifies what you are actually getting which saves forgetting to ask and then turning up to your new boat to find you needed to bring mooring ropes and a windlass!

     

    Apolloduck is a good place to gauge current prices - they may surprise you. Consider whether you want as much as possible or are pricing to sell quickly, and whether you are fixed and firm or are prepared to negotiate. If your pricing is fair, you can quite reasonably do the former but make that clear in your advert (I am buying at a fixed price, which was clear from the start which saves any false expectations/wasted journeys).

     

    There is surprisingly little paperwork required, technically none. However a Bill of Sale can be useful for both parties, alongside a receipt for the money. You can find a template for a Bill of Sale freely available on a web search.

     

    That's all I can think of!

     

    Alec

    Alec.   "...all you can think of..."   blimey that's enough to keep me out of mischief or a while.    I mentioned the 'project' aspect because I do not want any after-sales obligations or hassle and preferably nothing more than superficial cleaning, before I sell it, much  along the lines you suggested.

    The sales price will reflect this.

  15. 2 minutes ago, The Happy Nomad said:

     

    The only real thing to be aware of re finance is make sure you have the money in your account before letting the boat go. No ifs no buts, no 'can I take it with a deposit'.

     

    Make the boats as presentable as you can. We spent a few hundred quid getting some bits done to ours. @matty40s did a great job tydying up some scrapes for us in the cabin/hull sides and the bow flashes and painting the gas locker. It was money well spent.

     

    If you can do it yourself even better.

    Thanks.  Yes I agree. My boat is 'tired' and needs a it of TLC to make it presentable.

    Mechanically everything is in good working order and the engine bursts into life first time at the touch of the button.

    My concern is I have modernised it myself over the years with non-propriety products (diy things) and although with drawings and instructions, I suspect the new owner would not have a clue how to fix things if they went wrong.... and I certainly don't want to be pestered with emergency calls if it breaks down after I have sold it....

    ...are these the sort of things sold as 'projects' .... and how is this factored into the sales price...coupled the fact it has extensive rust - as expected being 40 years old...but the hull is absolutely watertight with a perfectly dry bilge ...

     

    I will work an an ad to post here asap..

  16. Regretfully due to age related physical impairment we have not been able to safely use our narrowboat for the last 3 years - it is just sat at the end of the garden collecting leaves - and spiders - and insurance - and CRT bills...

     

    Coupled to which our children have been asking us to move somewhere nearer to them so they can call in quickly if we need help.

     

    And last year we did need help. My wife was struck down by a stroke and I became her full time carer - leaving no time for chat rooms (if anybody has noticed my absence).

     

    I am saying this, not to seek sympathy, but as a matter of fact, so that my problems of boat disposal can be understood and answered.

     

    We are selling up our canal-side house, but being out of touch with boating things - and what with Covid - we wonder how best to go about it.

    • Sad 3
  17. Extract from message from CRT - Richard Parry - just received by email:

     

    '... we are asking leisure boaters to stop all non-essential travel. As a result, and to help those who live-aboard (along with those who would need to travel to their boat in order to move it) we are suspending the requirement to move every 14 days. The suspension will be kept under review in line with revised government guidance, applying initially until 14 April....'

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