In my books one must get involved personally with a sale or purchase of one's yacht.
It is total lunacy


- not to sea-trial an allegedly perfectly good yacht before purchase. (if not possible, l am out!)
It is also idiotic and suspect - and l am using very harsh words here by no accident - to ask for a deposit before sea trial!
It would scare away lot of people, me included! It is unacceptable! Period. (When l am buying, it is my way or the highway!)
As l very recently sold my yacht l think l am in a position to explain what an honest sale should be like. (the emphasis is on the word, honest!)
The buyer is let lose on the boat, he is allowed to look at every part of the yacht, climb the mast, open all compartments, start and operate all and sundry. Motor, fridge, toilet, instruments, gas cooker, tender or whatever else is there.
Take hours, no worries. (one's got nothing to hide! Right?!)
If all's well, he is satisfied, and it must be seen on the buyers face, and because l know the quality of the boat what l am selling, l, the vendor invite him for a sail! I want to catch him and make him fall in love even more with the boat than he already is. Try all the sails he wants, motor the yacht, use it as it should be used for a few hours. The main thought behind all this is to catch him!
If the yacht is sea-worthy and it is not a pig on the water one would ask, why is the vendor denying the possibility to sail it? It stinks to high heaven!
If the sea trial is done and the buyer is caught by the sailing quality of the boat, presumably, he is going to make an offer.
When agreed on a price, he asks for a survey to be done, after that, yes, l am going to hit him for ten percent holding deposit.
Not before and not more. After a successful survey money changes hands and everyone leaves the scene happy! Period.
Well, this is the way l bought as well as sold my last boat.
All brokers are biased, they try to sell someone else's problem and make a living out of it. This situation determines the behaviour and morals of a broker. He is a middle-man using the vendors unwillingness, inability, laziness or general convenience to sell the item using a broker. They are parasites by nature and so likely unreliable and suspect of committing indecent things.
I bought my boat from a broker but l bought on my terms. I sold it privately in seven weeks from advertising it and it was not the first guy who bought it. I went through the sales process described above three times. At the end both of us left the scene very happy.
After this missive, which l had to write to went my spleen, seeing Trace committing a likely financial suicide there is one thing left to say.
Fair winds!