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Skip Gundlach
 
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Default Reality check

Well, I've been in correspondence with a variety of folks as we go along
with this surreal trip, and I have to ask myself for a reality check.
Here's what I said to one correspondent from Down Under:

Hi, XXX, and thanks for the note.

Would you mind if I shared (anonymously) this with the group?

To your comments:

I like your perseverance.


Heh. It's the only way we're going to get on a boat, I think

And I appreciate the saga.


:{)) I wonder how many are actually reading it? I used to get about one
potshot each time I posted, but when I came back with what was happening,
and specifically asked the poster for *their* situation (to compare to mine
which they were denigrating) I never got a response. I suspect the current
state has convinced the skeptics...

But I'm wondering if I can read it from Down Under, have you considered

the impact on YOUR situation if the vendors or the agents see your posts.

Good point - and I'd considered that. It's one of the reasons there's
never been any dollar amount mentioned in the offers discussions. However,
while I've learned that my communication skills leave a lot to be desired in
'everyman' "getting it" and so it may be that I'm communicating something
else, I certainly hope that what one would get as a seller is that we're
going to buy a Morgan 46, and the rig, year and other individualities aren't
at issue.

So, if I were a M46 owner, I'd want to be in communication with the poster
(me, of course). I don't anticipate any of the actual owners would be
reading the group, as they're all out of sailing. However, if I were one of
the actual sellers, I'd be pretty motivated to try to get the deal to work,
as it's plain I'm not the only one being considered. I've always been
pretty transparent in doing 'deals' - I've bought a lot of investment
single-family homes for rental this way - I've found that the only way they
work is if it works for both parties. Ideally, I'd be sitting down with the
owner, and we'd hash it out. There's so much more that can be done, just
sitting and talking, that can't possibly happen with "shuttle diplomacy."
We might not do business, but they'd know where we're comng from, and I'd
know what their abilities would be, and if it didn't work, there'd be no
animosity at the end. The deal might look unusual at the end, but we'd both
be happy. Doing stuff through two layers of broker, especially when *my*
broker (unlike real estate) doesn't get to present the deal, makes it very
much more difficult. I would also hope it would convey that we are
immediate buyers, but don't *have* to be - though, if we find the right boat
with the right circumstances, it's bought.

As a broker, ditto - if I knew of a boat I thought would work, I'd make an
effort to get to the owner and try to list it. In the case of the listing
broker in any of these cases, I'd hope that it conveyed that we were
serious, and making an active effort to buy the boat - but that not only
were we active, if I (the listing broker) couldn't get the deal done,
someone else *would* - along with the commission, of course. I want to make
it clear, though, that I have no interest in playing them off against each
other. I didn't inform my broker of the other offer until it had countered
and been rejected. That way it was a data point, rather than attempting to
use as a lever.

Down here I suspect that an agent would be obliged to communicate a

formal ( i.e written) offer to a vendor. Certainly the case in realty
sales.

Well, I'd think so, in this case, also, as Florida is either the only or
one of very few states which require their brokers to be licensed and
bonded. However, 'present' and 'sell' are two different things, and the
broker in this case has already demonstrated his irritation level with the
boat (his complaint about having to clean it, and that it's not sold yet,
made to my broker) as well as his, let's just say, lack of attention to
detail (if not misrepresentation). So, at this point, I have a high level
of anxiety about getting my deal represented as I'd want.

However, reality check time...

Lydia and I were discussing the realities of this search, research, and
followup and, of necessity, it's had to be mostly me. It's been observed
that I'm a pain in the ass to deal with :{))

First, I'm a know-it-all, or at least, sometimes, that's how I come
across. Then there's the problem that, in some cases, I really am. That's
because - just by my nature - I want to know everything I can about
something which interests me, and I can assure you that spending 6 figures
has my attention, so I've gotten pretty knowledgeable about any specific
boat type in which we've been interested. Since the brokers only deal with,
perhaps, one or two of these (whatever they might be) in a year, it's
entirely possible that I know a lot more about them than they do.

Second, I'm not your typical customer. I won't be 'sold' and I don't do
spur-of-the-moment, and "How much are the payments?" is not in my
vocabulary. I've also got this spreadsheet of boats I want to see,
organized by geography instead of just wandering in off the street saying
I'm interested in buying a boat... So, probably, they don't quite know how
to deal with me. On the other hand, in this last round (from Annapolis to
St. Petersburg), the brokers have commented that I'm great to work with,
because I'm on and off a boat in a minute - or even two if it's close - if
it's not of interest in the end. Having actually been aboard nearly two
hundred boats in the last 12 months makes that possible, but it also
contributes to the first point, above.

Third, I'm demanding. I don't do stuff off-the-cuff. I'm very organized,
and, as a result, if there's stuff missing or info wanted or whatever, I can
come up with a list of things I expect to have answers about before I'll go
further. I don't know if that's intimidating, annoying, or just adding to
the level of the first point. However (and I accept that I may not convey
that adequately), when those items are met, things happen. Of course,
contributing to this part is that, with my engineering nature (I'm not, but
I think like one - and like a lawyer and accountant, too, just to keep
things interesting), I detest ambiguities and uncertainties. Getting those
resolved is important, and failure to do so results in additional requests
for those resolutions. That's probably seen as demanding.

However, not only will this be an 'all your eggs in one basket' deal, it's
going to be our home for the foreseeable future. We don't have the
resources to make a mistake, or to do it over should this prove to be the
wrong one. It makes for a high level of what the business world calls "due
diligence" - which is to do the digging and research necessary to uncover
all the warts, pimples and prior surgeries, metaphorically speaking, before
a purchase.

So, that's my reality check. Perhaps I'm not the one to deal with in this
negotiation. OTOH, if I'd have followed Lydia's urgent requests, there are
4 boats which would have been bought but which were obviously not right on
direct inspection. However, since we both agree on the type, and have some
example boats which can suit us, and, in particular, High Time, we're now
thinking that Lydia will take over, in the hopes that presenting softer
edges might get further - but she'll have the same bullet points, plus some
of her own that I've not considered critical :{))

Best of luck
XXXXX


Thanks.

L8R

Skip (and Lydia, by proxy)

"Twenty years from now you will be more disappointed by the things you
didn't do than by the ones you did do. So throw off the bowlines. Sail away
from the safe harbor. Catch the trade winds in your sails. Explore. Dream.
Discover." - Mark Twain

--
"And then again, when you sit at the helm of your little ship on a clear
night, and gaze at the countless stars overhead, and realize that you are
quite alone on a great, wide sea, it is apt to occur to you that in the
general scheme of things you are merely an insignificant speck on the
surface of the ocean; and are not nearly so important or as self-sufficient
as you thought you were. Which is an exceedingly wholesome thought, and one
that may effect a permanent change in your deportment that will be greatly
appreciated by your friends."- James S. Pitkin


 
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