Reply
 
Thread Tools Search this Thread
 
Old 03 March 2014, 17:35   #41
Member
 
Country: UK - England
Boat name: Carpe Diem
Make: Ribeye 650S
Length: 5m +
Engine: Yamaha F150
Join Date: Oct 2012
Posts: 548
Are Mondays Dull?

Wow, this thread has certainly made a dull monday a little bit brighter!

Peter, don't pack your bags just ignore comments that wind you up.

I have just been through a boat purchase and had to deal with some brokers (not any brokers who are ribnet members). It wasn't a good experience as I eventually bought from a private seller but from a buyer perspective I really cannot see the benefit of buying through the broker for the following reasons:

1.) You don't get any warranty or guarantee just like purchasing from a private buyer

2.) The broker is constantly going backwards and forwards between the seller and the potential buyer as they don't have all of the information

3.) The broker wants a cut so either the seller loses out to pay the commission or the buyer is paying over the odds to cover the commission.

So from a buyer perspective the boat broker is just like an estate agent unless I missing something, if so please enlighten me.
__________________
whackywoody is offline   Reply With Quote
Old 03 March 2014, 18:04   #42
RIBnet admin team
 
Poly's Avatar
 
Country: UK - Scotland
Boat name: imposter
Make: FunYak
Length: 3m +
Engine: Tohatsu 30HP
MMSI: 235089819
Join Date: Sep 2005
Posts: 11,622
Quote:
Originally Posted by whackywoody View Post
So from a buyer perspective the boat broker is just like an estate agent unless I missing something, if so please enlighten me.
Exactly like an estate agent. What they are doing is advertising and managing the sales process - the industry is somewhat disrupted by the internet. However the internet also brings risk and scams - which a good broker should be helping both sides to feel more comfortable with.
__________________
Poly is offline   Reply With Quote
Old 03 March 2014, 20:17   #43
Member
 
simon23's Avatar
 
Country: UK - England
Town: liverpool
Make: tohatsu6.1 one desig
Length: 6m +
Engine: mariner 125hp
Join Date: Jan 2012
Posts: 357
I use a broker to sell the narrowboats i build for a job..he takes 7%+vat from the sale.i belive as i pay him, he works for me not the buyer.although his does have a standard list of questions for every boat i take to him,he does know his stuff.my only complaint is if you don't ring or call to see him, i think he tends to forget you and your boat
__________________
simon23 is offline   Reply With Quote
Old 03 March 2014, 20:58   #44
Member
 
Dry Run's Avatar
 
Country: UK - England
Town: portsmouth
Boat name: Hullabaloo
Make: Humber
Length: 8m +
Engine: 225 Optimax
Join Date: Mar 2011
Posts: 945
RIBase
WOW! Thread went a bit off topice for a while (entertaining though that was).

Buy from a "reputable" broker if you want: -

To be sure the boat is as described.
A knowledgeable opinion of the suitability of the boat for your inteded use.
The correct paperwork to prove ownership and transfer of the boat to you.
The correct doccumentation to support any claims about the service / use of the boat.
Advice on what steps you can take to ensure all the above are confirmed.
An escorted sea trial to prove the above.

All for 7%??????

Or, buy off E-Bay - 'cause we all know that's foolproof!!!!

Steve
__________________
You get what you settle for!
Dry Run is offline   Reply With Quote
Old 04 March 2014, 11:13   #45
Member
 
Country: UK - England
Town: Southampton
Boat name: SMH Rib / War Shot
Make: Ribtec / Scorpion
Length: 4m +
Engine: 100hp Yam/150hp opt
Join Date: Sep 2003
Posts: 2,069
RIBase
I quite agree Steve - that's how it should be.
__________________
Searider is offline   Reply With Quote
Old 04 March 2014, 22:08   #46
Member
 
lakelandterrier's Avatar
 
Country: UK - England
Town: Gloucester
Boat name: Lunasea
Make: Ribcraft
Length: 5m +
Engine: Suzi 140
MMSI: 232005050
Join Date: Sep 2007
Posts: 1,978
Quote:
Originally Posted by Dry Run View Post
All for 7%??????
Well I wish I could get 7% return for no investment, no risk. Easy money so should put a bit of effort in.

Compare to my industry - transport - 3-4% max net margin, large capital investment, fixed price, short term contracts, penalties for each failure, many factors out of control (e.g congestion, tip delays) 1000's of regulations.

I should become a broker - no investment, low risk, good margin, worst that can happen customer ditches me for a.n.other
Oh yes And can't spend lots of work time on the water!
__________________
Member of the Macmillan Round the Isle of Wight Club
lakelandterrier is offline   Reply With Quote
Old 04 March 2014, 22:30   #47
Member
 
simon23's Avatar
 
Country: UK - England
Town: liverpool
Make: tohatsu6.1 one desig
Length: 6m +
Engine: mariner 125hp
Join Date: Jan 2012
Posts: 357
Quote:
Originally Posted by lakelandterrier View Post
Well I wish I could get 7% return for no investment, no risk. Easy money so should put a bit of effort in.

Compare to my industry - transport - 3-4% max net margin, large capital investment, fixed price, short term contracts, penalties for each failure, many factors out of control (e.g congestion, tip delays) 1000's of regulations.

I should become a broker - no investment, low risk, good margin, worst that can happen customer ditches me for a.n.other
Oh yes And can't spend lots of work time on the water!
I don't think its all good he has overheads like any business..storage for about70 narrowboats office and staff 7 days a week and only gets paid when sale is done.but when its good its probably very good.
__________________
simon23 is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off




All times are GMT. The time now is 15:42.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.