S1:E5 // we bought a boat!

Updated: Nov 28, 2021

budget here in SE Asia was quite a challenge), reviewing a few boats, we finally found & bought it - our absolutely dream boat. watch the whole process from the haul out for making a survey over the final price negotiations until signing the sales contract - check out episode 05 & don`t forget to leave your e-mail address and get informed about all our future uploads!

If you ask us, was it really necessary to make a survey – for the beginners we are and the sum of money what it is about to spend, we truly believe it is a must-do thing. for most of people, buying a boat will be a once in a life time experience and you do not want to invest your hard earned savings into a “Cat in the Bag”. plus, for getting coverage from an insurance, you’ll need an official surveyor report. And as all our money is here in the game, we decided to pay even 2.250 €/ year for the full insurance coverage.

a few tips how to choose your surveyor:

  1. RECOMMENDATIONS. ask friends, friends of your friends and everyone you know, who is more or less involved in yachting. make research in the internet, leave questions at the professional forums. Try to reach as much contacts as you can.

  2. REVIEWS. check one by one every name. google them in order to find real impressions of real people, who have experience working with them.

  3. PERSONAL OPINION. after choosing a few persons, meet everyone, spend a couple of hours, asking questions and get your personal opinion. trust your intuitions and make a choice. that was our way and it finally worked out well for us!

Following the numbers:

Haul Out/ Lift Back 400 US $

Surveyor Inspection + Report 1.200 US $

Highlights from our report:

New Jib Sail 3.000 US $

Replace Rig 8.000 US $

New Antifouling 2.000 US $ or

Copper Coat 7.000 US $

on one side, you hope the surveyor will not find something really worse, what would finish your project and kick you back to the beginning from one second to another. on the other side, every small deficiency in the final surveyor report will give you strong arguments for the final round of negotiation. but on the contrary, the insurance will ask later for the bills to prove that all deficiencies were eliminated, before they’ll give you the insurance policy.

many agents convince sellers that they have dozen of highly interested potential buyers for exact your boat on the hand, and that they will obtain a higher price, than you ever could ask. they (sellers) even don’t need to take care about anything as a buyer is gonna pay for the brokerage anyway, just to get the mandate. this is how they try to rule the market and to be sure, they got their cut on (almost) every boat deal. a bit later, after you have signed the contract, they’ll tell you, that you have to drop the price because currently its bad time for selling a boat or that there are just too many boats like yours on the market. to the potential buyer they say, you have to spend more, now (!) if you want to get this amazing deal, because they pretend to have other highly interested buyers. like everywhere else, it’s again all about making quick & easy money & the commission in yachting is usually between 10-15% of the final selling price. i’m sure there exist exceptions, but for us, every boat offered by an agent, was directly eliminated. thus boat agents created a system, what gives them an absolute power. you have to pay a deposit (10% of the asking price) to the agent in advance, if you even want just to see the boat. never ever in any other business we have heard about this kind of system. a few months ago bert read the statistic that in average it takes around 6 months before a boat changes the owner (exactly the same time it took us to find&buy Liliput). so: take your time. stay rational (even buying a boat is a very emotional thing) and say “yes” only, when everything seems 100% right & better directly to the owner than to an agent.

if you are looking to charter, buy, sell or fix a boat in thailand area, we have a huge network of reliable and trustworthy people & companies in sailing (& diving), and we also know the bad guys in the business. save your time & money and contact us. we are happy to support you..!


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