Hatteras Resale Prices

[Pascal]

Personally I consider line handling from a swim platform to unnecessary and a big no. Even when there re stairs going down, if there are no railing including on the all sides the platform is off limit while moving. Period.

And the truth is that you don't need to be on the platform. I can't think of a single time when I had to have someone there and we ve racked up some serious miles from Cape cod to the exumas in the last 10 miles.

I agree that many boats have a cluttered aft deck but the it comes down to leaving reasonable access to each corner to pass the lines thru and opening a side curtain to pass the line around a piling or cleat on the dock when in position. It's easy.

The priority should be to set up the boat so you can use it. If it means moving deck furniture to preserve access or forego that big potted plant... so be it. No compromise there. It may also mean having to tweak certain things. For instance years ago I ran a 58 MY a few times and the opening at the stern corners were so small that it was almost impossible to get your arm thru to pass a line. An. Easy fix woudl have been to open bigger holes, like those I have on my 53. Makes life much easier.

It's the little thing that make boating much easier. For instance Even with the bigger holes, in a stern to home slip if you set up the stern lines with the eye on the boat, it's almost impossible to get them cleated without going to the platform. Flip them around, bitter end on the boat, and all you have to do is dangle the bitter end over the and grab it thru the hole. Done in 2 seconds.

 

[Pete]

BobK, I don't even know 20 people I would invite on my boat, much less serve them all cocktails while on it!!!

Pete

 

[rourkeh]

I have been looking all summer for a new boat. I desire a motor yacht in the 55' - 70' range and have looked at a lot of boats. My budget is $300,000 +/-. I have owned a string of boats going back to my teens, I am 56 now and retired. I worked in the marine industry in brokerage and new construction for years and have a pretty good understanding of how boats are put together and work. I focused my search on older well constructed manufacturers, and am going to use the new boat as a live aboard down in the Caribbean. I want more space than my current boat provides, so time to move up. After watching the market for the last year it seems my timing is not so good. The market has seen a limited supply of used Hatteras and other boats for sale, and the really nice ones are selling very fast for good money. I still have access to "sold boat" data and this seems to be the current trend. A lot of money out there for the first time in years doing the buying. The boats that are not selling are over priced or worn out and in need of a major refit. I do not under any circumstances want to do another major refit in my life, done several and could not stand the aggravation again. I am looking for a unicorn, the nice older boat that has been owned by someone with the money to keep it up, some modernization of the interior, and great mechanicals. A lot of the boats I am running across have had major mechanical work in recent history with no paperwork to back it up, rebuilt engines and generators with no bills. Who spends that much money and does not keep the bills? So the search continues. If anyone knows of a nice boat out there that fits my parameters let me know please. I am ready to buy. No European boats, only Hatteras, Viking Burger, or similar. No mass production boats or budget brands.

 

[bobk]

BobK, I don't even know 20 people I would invite on my boat, much less serve them all cocktails while on it!!!

Pete

We were at Baltimore Yacht Club for many years so ten couples is not a lot. Of course that included a couple of klutzes who managed to get their red wine and strawberry short cake on the nice carpet.

Bobk

 

[wpc691]

Personally I consider line handling from a swim platform to unnecessary and a big no. Even when there re stairs going down, if there are no railing including on the all sides the platform is off limit while moving. Period.And the truth is that you don't need to be on the platform. I can't think of a single time when I had to have someone there and we ve racked up some serious miles from Cape cod to the exumas in the last 10 miles.I agree that many boats have a cluttered aft deck but the it comes down to leaving reasonable access to each corner to pass the lines thru and opening a side curtain to pass the line around a piling or cleat on the dock when in position. It's easy. The priority should be to set up the boat so you can use it. If it means moving deck furniture to preserve access or forego that big potted plant... so be it. No compromise there. It may also mean having to tweak certain things. For instance years ago I ran a 58 MY a few times and the opening at the stern corners were so small that it was almost impossible to get your arm thru to pass a line. An. Easy fix woudl have been to open bigger holes, like those I have on my 53. Makes life much easier.It's the little thing that make boating much easier. For instance Even with the bigger holes, in a stern to home slip if you set up the stern lines with the eye on the boat, it's almost impossible to get them cleated without going to the platform. Flip them around, bitter end on the boat, and all you have to do is dangle the bitter end over the and grab it thru the hole. Done in 2 seconds.

2x all that. One of the first things that dawned on me on our delivery trip was the importance of arranging furniture, etc on the aft deck to facilitate line handling. We normally try to dock on our port side, so we set furniture up so the aft stbd corner is clear, with our stern line on the cleat. When we get bow and midship lines on, we pass the bitter end of the stern line out the hawse pipe, grab with a boat hook (which is kept at that corner), pull through, and throw to the dock. To work the port corner we only need to move one light wicker chair. We decided what could be on the aft deck, and what couldn't, with operations being the priority, and we stick to it. Just like our docking commands, the Admiral and I practiced line handling at the dock until we both understood and agreed on who was doing what and when. While line handling from a cockpit is certainly a lot easier, our MY setup works for us with no great inconvenience.

 

[bobk]

Finishing out my earlier post, here is a picture of the running gear on the Series I 48 MY. Note there are 4 cutless bearings, three that are obvious plus one at the point where the shaft exits the hull. That's quality construction. You can also see the keel protects the props.



Bobk

 

[SEVEN]

BobK, I don't even know 20 people I would invite on my boat, much less serve them all cocktails while on it!!!

Pete

Entertain 6, feed four and sleeps no matter what size yacht you have. Good words to be happy by.

 

[SEVEN]

Entertain 6, feed 4 and sleeps 2. Sorry

 

[racclarkson@gmail.com]

A lot of the boats I am running across have had major mechanical work in recent history with no paperwork to back it up, rebuilt engines and generators with no bills. Who spends that much money and does not keep the bills?

I know someone who did (or at least failed to produce them). PO couldn't substantiate any of the engine work he alleged was done. He said he didn't have the records. He paid the price for that. Funny thing, though. When we met to take possession, he pulled out tubs of records from work he and his previous owners had done with receipts for everything corroborating everything (including majors on both motors)! I'm talking about $1 million spent and the paperwork was neatly filed in tubs behind the galley. This included the $250K he spent and filed away himself. Go figure.

 

[krush]

Finishing out my earlier post, here is a picture of the running gear on the Series I 48 MY. Note there are 4 cutless bearings, three that are obvious plus one at the point where the shaft exits the hull. That's quality construction. You can also see the keel protects the props.

Each bearing sucks up horsepower....and more than you would guess.

 

[bobk]

Each bearing sucks up horsepower....and more than you would guess.

Yep, and consequently fuel. So be it. The props and shafts do not vibrate and shafts are probably less susceptible to damage.

Bobk

 

[Walter P]

I have a 1982 Series 1, 48'MY like Bobk's and since the enclosed aft deck is so hugh, I installed sliding doors across from port to stb about 3' from the stern to create a line handling "cockpit". With both doors open I have an approximately 6' opening which gives us great use of the cockpit/aft deck and makes line handling chores a breeze. I had Alum 2000 custom make the door/window combination and we did the installation. We also did port and side sliding glass windows so we have no isenglass anywhere on the aft deck. It looks like it must have left the factory that way. All that being said, I don't really think that line handling is such a big deal on a regular flush deck MY. Over many decades of owning many boats including 4 Hatteras', we developed a procedure that has always worked well for us. During our travels, as we approach a dock, we would determine which side would be to the dock and rig the lines to the cleats with the loop end. The bitter end was either tossed to someone on the dock or one of the crew would get off the boat while the skipper would hold it in position using a spring line and once ashore the crew person would secure a bow and stern line. Very simple process without the drama or yelling etc. IMO an enclosed aft deck makes for the number one best features of a MY and we spend most of our time there, either dockside or at anchor, although we seldom anchor anymore. The great thing about boating is that whatever you perceive as your main use for the boat, you have a choice of which model best suits your needs. It's far from a "One size fits all" situation. There is no best layout for everyone.

Walt

 

[Pascal]

Well said. The older hatts aft deck are bigger than any modern boats aft deck of similar size

We do the same thing although nobody gets off until the boat is secured (I guess our knees and ankles are not what they used to be). We throw the lines on the dock to catch the dock cleats and bring the bitter end back to secure aboard.

 

[krush]

I must be able to handle my boat on my own. Cockpit controls are great for this.

 

[Pascal]

I agree.... aft deck controls are great but honestly a small flush deck (under 60) with lower helm can easily be single handed from the lower helm

With bigger boats you need controls on the aft deck for backing because visibility is other an issue. I often single hand the lazzara 84 i run and docking or backing from the aft deck is no problem. I can quickly get to the lines and secure them.

 

[bostonhatteras]

Would you take a second mortgage behind the bank?

You get the quote of the day.

 

[Chasemmc]

If the second represented the opportunity to receive more renumeration than a straight cash deal, yes. Remember, part of the transaction includes receiving the proceeds of the first. How many $70k cars do u think would be sold if the buyer was required to pony up the purchase price solely in dead presidents? I think Martini would still be renting in pottersville if it wasn't for George Bailey.Quote of the day my a$$

 

[krush]

Hurray for usury?

 

[jrbrein]

Buy here, pay here (financing it).

Big profits in the paper (notes etc.) business.

Everything else is just a commodity.

 

[Chasemmc]

Usury is a judgement. If one lends where collection costs are high and default levels above the norm, than the interest rate reflects those expenses. So a pay day loan at 24% may only net the lender 6% after the costs and defaults are considered. 24% would be usury against a good credit risk on real property that is easily secured. It may not be if money is lent to a dead beat on collateral that can drive away.

A fair interest rate recognizes the cost of capital and its earning potential if invested elsewhere after the investment is redeemed.

Look, I am not a banker or a lender, nor am I advocating taking advantage of buyers. My point is simply, resale prices of older boats are lower than they would be if financing was available. We can not change the lending industry, but as individuals we can influence individual transactions.

As an example, you list the boat for $150k. Replacement new 1.5m. 100% refurb $600k
Too old to get conventional lending. You list for $200 as is with $50 as a second. You receive the $150k at closing and buyers note costs him an extra X per month over 5 years.

You feel good about the risk, you hold the paper and earn 10~12% on the $50 and the extra $50k less the cost to insure the risk. You don't feel good, discount the note to $25k and sell on secondary market. End of story you sold the boat at worst for $175 instead of $150.

If I were in the brokerage business, you bet I'd have this angle to offer. It would make me more valuable to sellers and buyers alike.

My goodness we are a group of old curmudgeons.
Just proffering some out of the box thinking. Stop shaking your canes at me.