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TWL: Yacht sales anecdote

From: Jim Alexander (no email)
Date: Tue Dec 02 2003 - 10:21:24 EST

  • Next message: Bill Martin: "Re: TWL: Key West to Dry Tortugas (Garden Key)"

    At first glance it would appear that despite the decline in the "economy"
    over the last couple of years, Yacht sales in Florida are very
    strong. Since I have begun my search for a replacement vessel after having
    just sold my 43 Vista I have found some interesting things. First off I
    noticed that there didn't seem to be as many Trawlers on the market as
    there were when I was looking for a boat about two years ago. I happened
    to pull out a list I had printed out in 2001 using Yachtworld.com as the
    source. Sure enough, there were about twice as many Trawlers listed for
    sale back then. One noted exception is probably in Grand Banks, there
    seems to be more of them on the market than before. Maybe this is in
    direct correlation to the number of people who have learned that all that
    pretty teak on the exterior only stays pretty with tons of work. There has
    definitely a movement away from external teak on boats over the last few years.

    I had planned to make a trip down the Ft. Lauderdale/Miami area tomorrow to
    look at several different boats in my desire to broaden my knowledge on
    various boats which included several used Hatteras models as well as some
    Defevers and Cheoy Lees. I has handed my broker print outs on about 8
    boats yesterday that I wanted to look at. Last night searching on
    Yachtworld I found a couple more that caught my interest so I phoned the
    broker this morning and said "I know we have a lot to look at tomorrow, but
    I have a couple more I would like to squeeze in". His response was, "No we
    don't, about half the list you gave to me yesterday are sold and several
    brokers have not even called me back on the others. As it stands right now
    we have Zero, Zip, Nil boats to look at tomorrow"! As it turns out,
    several of the "sold" boats have been sold for months. Frankly my broker
    told me that often these boats are left advertised in order to generate
    telephone calls from potential customers. Boy does this STINK! Being a
    licensed Real Estate Professional here in the State of Florida I find this
    activity intolerable but apparently while Yacht Brokers have to be licensed
    in the state, they really have no rules to follow in this regard. Willful
    advertising of Real Estate for sale that has been sold and is no longer
    available on the market is a definite violation of Florida Real Estate Code
    and is reason for disciplinary action. Apparently no such rules apply in
    Yacht Sales.

    As "Riley" would have said (for those of you old enough to remember him)
    "What a revolting development"!

    Jim Alexander, Realtor
    Boatless again
    Port Charlotte, FL
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  • Next message: Bill Martin: "Re: TWL: Key West to Dry Tortugas (Garden Key)"



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