Hi All,

Boat purchase question...
Is there a requirement for a broker to present a formal offer to the vendor / owner of a vessel? i had a quick squiz at the BIA website but it looked like a fair bit of fluff to me

It may be state based rules, but I believe no, they don't have to. I remember reading that there was criteria that had to be meet (both ways in the offer). As an extreme example if the boat was listed for $300k and you offered 50k, the broker didn't have to present it

Thanks for the response Toph.....

my situation is i have put an offer via email through to the broker and sent a follow up sms but have heard nothing back(its only been 3 days but a courtesy response is expected at a minimum!....was my offer offenisve? dunno until he calls or gets back to me, previous purchases through broker(s) (4 in total) have always been a decent-enough experience...i am set on this particular boat but disappointed in the lack of engagement from the broker.

i will call him or failing that the office tomorrow but hate to be in the chase position.

closing statement on this one:

I tried calling the broker today, he put my call straight to an sms response...i msg him back saying please call at your convenience..

Looks like i need to just get over it and forget the boat he is representing (i am / was keen on it), disappointing but i was not going to offer at the asking price but certainly did not think that an offer of 40k on a 55k asking price was offensive (and triggering this brokers way of dealing with an offensive offer)...i would maybe expect if i was just fishing and offered 25or 30k.....my research netted that recent sales of same boat in varying condition over the past ~6months was asking prices ranging from ~20k to 60k...and this one had an unclear history (that was given), 12 yr old rigging and standing rigging....kind of the usual story for a 30+ year boat kept with varying levels of maintenance enthusiasm.....my justification given in the letter of offer stated that regardless of survey / seatrial my offer is already taking into these (and a few others like Q. wiring and batteries due for a good looking at etc...in general items that would need my investment and attention to be comfortable hugging the coast of Sydney.

at the end of the day i will find another boat, and will never recommend or say a good thing about this particular broker....(if anyone asks)

that is my side of the story, he does not have one really apart from what i assume is his attitude to an offer of the kind i made.

thanks for watching, this rant / therapy did not make me feel any better for the situation...but sharing is caring

Select to expand quote

Lenn said..
closing statement on this one:

I tried calling the broker today, he put my call straight to an sms response...i msg him back saying please call at your convenience..

Looks like i need to just get over it and forget the boat he is representing (i am / was keen on it), disappointing but i was not going to offer at the asking price but certainly did not think that an offer of 40k on a 55k asking price was offensive (and triggering this brokers way of dealing with an offensive offer)...i would maybe expect if i was just fishing and offered 25or 30k.....my research netted that recent sales of same boat in varying condition over the past ~6months was asking prices ranging from ~20k to 60k...and this one had an unclear history (that was given), 12 yr old rigging and standing rigging....kind of the usual story for a 30+ year boat kept with varying levels of maintenance enthusiasm.....my justification given in the letter of offer stated that regardless of survey / seatrial my offer is already taking into these (and a few others like Q. wiring and batteries due for a good looking at etc...in general items that would need my investment and attention to be comfortable hugging the coast of Sydney.

at the end of the day i will find another boat, and will never recommend or say a good thing about this particular broker....(if anyone asks)

that is my side of the story, he does not have one really apart from what i assume is his attitude to an offer of the kind i made.

thanks for watching, this rant / therapy did not make me feel any better for the situation...but sharing is caring

Offer 55 and say you can only meet him at some out-of-the-way place like the boat then don't turn up :-).

Select to expand quote

julesmoto said..

Lenn said..
closing statement on this one:

I tried calling the broker today, he put my call straight to an sms response...i msg him back saying please call at your convenience..

Looks like i need to just get over it and forget the boat he is representing (i am / was keen on it), disappointing but i was not going to offer at the asking price but certainly did not think that an offer of 40k on a 55k asking price was offensive (and triggering this brokers way of dealing with an offensive offer)...i would maybe expect if i was just fishing and offered 25or 30k.....my research netted that recent sales of same boat in varying condition over the past ~6months was asking prices ranging from ~20k to 60k...and this one had an unclear history (that was given), 12 yr old rigging and standing rigging....kind of the usual story for a 30+ year boat kept with varying levels of maintenance enthusiasm.....my justification given in the letter of offer stated that regardless of survey / seatrial my offer is already taking into these (and a few others like Q. wiring and batteries due for a good looking at etc...in general items that would need my investment and attention to be comfortable hugging the coast of Sydney.

at the end of the day i will find another boat, and will never recommend or say a good thing about this particular broker....(if anyone asks)

that is my side of the story, he does not have one really apart from what i assume is his attitude to an offer of the kind i made.

thanks for watching, this rant / therapy did not make me feel any better for the situation...but sharing is caring

Offer 55 and say you can only meet him at some out-of-the-way place like the boat then don't turn up :-).

Estate agents & produce agents have also been known to pull that stunt, any offer under their asking price is a cut the commission, & would rather loose a sale and burn the vendor to artificial inflate sale prices.
poor bugger trying to sell has no idea that an offer has been made

A bit of sleuthing and you'll likely find the owner