You’ve decided to sell your boat. You’ve decided on the place to sell it. You’ve cleaned it stem to stern.
Next comes the hard part- the waiting. After your broker puts her on the market, you wait for an offer to purchase. It might be a week or it might be a month or 6 months. But if you’re not greedy and you and your broker have agreed on a fair price for your boat that will get her noticed, you’ll eventually get an offer to purchase. I have both unique perspectives on this, as I’ve done this process as both buyer and seller. As a seller, automatically assume the buyers offer will be 10% – 25% off the price you have listed your boat for,,,and you can’t be offended by this. But once you receive an initial offer to purchase your boat,,,you have three choices to make,,,,discuss them with your broker.
-You can reject the offer, outright- this will probably kill the offer right there and you can start the waiting over again.
-You can accept the initial offer, outright. This will speed and simplify the process, but you might have more negotiation after survey, so don’t forget this.
-You can and probably should a some counter-offer to raise the price of the offer back toward what you initially put her on the market for – you and the buyer will probably find some middle ground and settle somewhere in the middle, but don’t forget there might be some negotiation after survey, if you have any more room to give.
Once you agree on a price and sign paperwork, things will start to move fast,,,,hold on.
Next post- The survey from the sellers perspective.