Re financing: My credit union will loan on boats 200 years old, they really don’t care about age as long as there is survey to provide some idea of the value of the boat. This is not true of most lenders, so make sure you can get the money on X year boat before wasting your time on it.
Joe From: Edd Schillay via CnC-List <cnc-list@cnc-list.com> Sent: Monday, August 23, 2021 10:33 AM To: Stus-List <cnc-list@cnc-list.com> Cc: Edd Schillay <e...@schillay.com> Subject: [EXTERNAL] Stus-List Re: Using a broker Adam, +1 to Josh’s comments — it really helps if you are looking to borrow money to purchase the boat and if there are murky title and inspection issues. But, as Josh says, if you are capable and comfortable doing these things yourself (as many seasoned boat owners already are) then it’s really not necessary. PS — If you are looking for slightly newer and larger than your current 1981 36, suggest you look at a 1990 37/40. I know of one that you can get for a steal — way lower than market value. All the best, Edd Edd M. Schillay Captain of the Starship Enterprise C&C 37+ | Sail No: NCC-1701-B (for sale - NCC-1701-C is under contract) Venice Yacht Club | Venice Island, FL On Aug 23, 2021, at 10:24 AM, Josh Muckley via CnC-List <cnc-list@cnc-list.com<mailto:cnc-list@cnc-list.com>> wrote: A broker might be able to help you find a boat and if you are getting a loan they can smooth the title, inspection, insurance, and loan process. If you are comfortable with handling those things yourself then I would consider foregoing the broker. Especially and specifically if the boat is local to you. Going into using a broker thinking that they are "looking out" for your interests as well or better than you would is IMO hopeful at best. The broker gets paid when they close the deal, not based on how much they saved you or the number of hours worked or the number of phone calls made. It is in the interest of the seller, the sellers agent, AND the buyers agent to close the deal quickly and at the highest price. The only person who wins by moving slow and methodical, searching for the best boat and the best deal is the buyer (you). Just my 2 cents, Josh Muckley S/V Sea Hawk 1989 C&C 37+ Solomons, MD On Mon, Aug 23, 2021, 10:04 Adam Hayden via CnC-List <cnc-list@cnc-list.com<mailto:cnc-list@cnc-list.com>> wrote: Hello listers We are considering/ starting our search and looking for something newer and slightly larger than our current 1981 C&C36. I am sure this has been debated before. Do I need to have a buyers broker( like real estate) looking our for my interests or is that an unnecessary expense? I purchased my last 3 boats without one but they were more local. Thanks Adam Hayden Thanks Adam Sent from my Bell Samsung device over Canada’s largest network. Thanks to all of the subscribers that contributed to the list to help with the costs involved. If you want to show your support to the list - use PayPal to send contribution -- https://www.paypal.me/stumurray Thanks - Stu Thanks to all of the subscribers that contributed to the list to help with the costs involved. If you want to show your support to the list - use PayPal to send contribution -- https://www.paypal.me/stumurray Thanks - Stu
Thanks to all of the subscribers that contributed to the list to help with the costs involved. If you want to show your support to the list - use PayPal to send contribution -- https://www.paypal.me/stumurray Thanks - Stu
