The search for our boat and new family home has officially begun! In fact, we started looking online in earnest in late February. It wasn’t until we closed on our final rental property this Tuesday that we felt comfortable about possibly shelling out a large portion of our savings for a boat. Now that we are preparing the house for rental status, we have a firm grasp on our financial situation and can go into negotiations with confidence.
To start our search, I began with a list of potential blue-water boats that I had created over a year ago and discussed in my post Blue Water Boats. I essentially used the boat list provided from Mahina Expeditions and narrowed that down substantially based on our budget restrictions and preferred layout choices. I used this updated list to search every online source I could think of including Craigslist.com, Sailboatlistings.com, and Yachtworld.com primarily.
Trust me when I say that the search process takes hours, even with a limited list of boats. Try typing in “Morgan 38” into yachtworld and you’ll see what I mean. Our next step was to narrow down these potential boats by sifting out those that looked in decent condition and had as much updated gear as possible. I created a spreadsheet of “required” vs “optional” gear including estimated costs to help us evaluate each boat objectively, and get a general idea of how much each boat would cost us overall.
Next, we started calling brokers and were honestly shocked at how unresponsive most of them were. More than one took several days to respond to our questions and a few never responded at all. You would think that a person on commission would be a little more excited about someone trying to buy their boat, but I guess maybe our price range doesn’t quite arouse their interest like a $200,000 sale. In any case, for anyone out there trying to sell a lower end boat, be choosey about your broker because you might have missed out on a sale due to their inaction.
In our first round of searching and after (finally) hearing back from brokers, we found a few good choices and 1 that is a true stand-out in our opinion. Unfortunately, that boat is halfway across the country; I guess that’s the downside to living in Illinois while trying to find a blue-water ready boat. We are convinced enough of its potential that we have officially made arrangements to see the boat and are hoping to get some good results. It’s nerve-wracking to spend $1,000 on flights and hotel to go visit a boat we’ve never seen and can’t be absolutely sure will still be available when we get there. At this point we are just praying that 2 weeks is a safe bet.Read More