Big Hatt Cheap

[saltshaker]

This boat was on my list 6 years ago and although I never went aboard, she did look good from the dock. At the time they were claiming 400 hours SMOH. Never pursued her as I had a nicer 58 in my sights and found my 65 at the same time. She's been on and off the market for a long time.
http://www.yachtworld.com/boats/199...2897352/JUPITER/FL/United-States#.Vx-ZYf72ZAk

 

[capttonyf]

The boat was Originally called the "Pleezer". It sat at Portside Yacht Club on the 15th Street Canal in Ft Lauderdale for years until the original owner either sold it or traded up to a Hatteras 70 Convertible. I can't speak for the condition now, but the original owner kept it immaculate with full time crew. It was barely ever fished and used primarily as a family cruising boat. They use to do Paradise Island trips for weeks at a time with kids and grandkids then it would sit for a few months and then do it all over again. After it was sold/traded I believe it became a charter boat in Palm Beach for awhile and was a cosmetically a little rough at the time. I'm not sure now though. From the pictures it looks nice, but you know how that goes.

Tony

 

[jim rosenthal]

Which engines are these? Are these 16-92 DDECs?

 

[saltshaker]

16V92TA not DDECs

 

[capttonyf]

58's are tough boats to sell unless really cheap and nice. The 65 runs more level, has less draft, more space, and is faster with the same 16V92 power. The 58 is a great boat don't get me wrong, but unless it can be purchased really right, there is no reason to not just buy the 65. Hatteras ran into the same problem with the late model 64 and 68 Convertibles. They were so close in price, accommodations and speeds with the same power, why not just buy the 68. Didn't make sense to buy the 64C The only instance I can see buying a 64 over a 68 or a 58 over a 65 would be slip restrictions. But lets face it if you can fit a 64 I'm sure the 68 would fit just, fine same scenario with the 58/65.

Tony

 

[saltshaker]

Which is why I was only looking at a 58C that was exceptionally clean and priced right. We couldn't get together on price. I looked at the boat and liked it but felt it was priced too high. Sellers broker implied the boat would sell near what I was looking to offer so we submitted our offer. Seller said no and we moved on. Boat sold 18 months later for 5K less than my final offer. Boat was owned by a northern dealer who had to pay 1K per month for storage and the broker to maintain the boat. Broker tried to reassure to the deal a few times but the seller wasn't interested. They eventually moved the boat from St Augustine to Palm Beach where it took another year to sell. Even put her in the Miami show to try and move her. I guess my offer wasn't so bad after all. Worked out great for me as I got a better boat and better deal.

 

[Walter P]

Jack,

Good things come to those who wait...

 

[saltshaker]

I can't tell you how many boats I pursued and didn't buy. I started looking in June and didn't find the right one until Feb. it was'nt a casual search either. I was actively searching daily and had a network of people in the industry looking for me. Many boats I looked at we saw before they were listed. I was a cash buyer and ready to move. I have a drawer full of checks and offers for deals that never went to contract. Nearly all ended up selling for close if not less than my offer. Many sold 1-2 years later. In the end I ended up with the best deal and boat out of any I was serious about. There's only one I regret missing and that boat went under contract a day or two before I found out about it. Real nice 54C with Cats that had a recent Slane refit.

 

[capttonyf]

Which is why I was only looking at a 58C that was exceptionally clean and priced right. We couldn't get together on price. I looked at the boat and liked it but felt it was priced too high. Sellers broker implied the boat would sell near what I was looking to offer so we submitted our offer. Seller said no and we moved on. Boat sold 18 months later for 5K less than my final offer. Boat was owned by a northern dealer who had to pay 1K per month for storage and the broker to maintain the boat. Broker tried to reassure to the deal a few times but the seller wasn't interested. They eventually moved the boat from St Augustine to Palm Beach where it took another year to sell. Even put her in the Miami show to try and move her. I guess my offer wasn't so bad after all. Worked out great for me as I got a better boat and better deal.

I alwyas tried to explain the same thing to a seller. Don't step over dimes now to pick up nickles later. You always have to figure in your carrying costs if your no longer using the boat. If your still enjoying it and not in a rush then wait for what you want. But once you decide it needs to go, be sure to seriously entertain ALL Offers. I had a client was thinking of moving up to a bigger convertible. I had him a net deal of 295K when he only paid 335K 4 years prior. He said no, he wasn't going to sell it that cheap. It's now, 8 years later, he barely ever sees it, let alone uses the boat, only a few times a year and I think that's just because he feels obligated. Now he's now asking like $165K last time I checked. I feel bad that I didn't do my job better at the time and push him to sell. I told he needed to do it, but I wasn't forceful enough. He's a great guy too, and has become a friend over the years. Just sucks, but you know when you push someone too hard sometimes they think it's just for the sale and not in their best interest and they take the listing from you, and it possibly ruins the relationship. I've learned now, I wish I would've pissed him off back then and saved him a couple 100K.

Tony