Partea 2 – Cum să cumpărați o barcă cu pânze, asigurări, sondaje și oferte – Ep. 209 – Lady K Sailing

42 thoughts on “Partea 2 – Cum să cumpărați o barcă cu pânze, asigurări, sondaje și oferte – Ep. 209 – Lady K Sailing”

1. Good evening all! 🦘🇦🇺⚓
   Again, very timely for me, albeit I'm a bit further down the (AUD) market…😂

2. When we bought our boat they the bank did not require a survey only because it was under 40,000 we budgeted 10,000 over the next few years it was the same with the insurance and I hope when people get insurance they read there policy especially towing an EPA stuff we ended up getting BoatUS just for towing it’s so expensive to tow a boat! If you don’t get a survey bring someone with you that has no interest in the buying of the boat! Good video!!! Think spring

3. The typical purchase process in the UK thru a broker sees you make an offer then sign a subject-to-survey contract and pay a deposit (10% typically). The contracts stipulate timeframes for the process and might give you say two or three weeks to completely the survey otherwise you are deemed to agree to purchase the boat without a survey or loose a chunk/all of your deposit. After eighteen days I’m still waiting for my highly regarded surveyor to visit the boat after making numerous promises. Arghh! Buying a boat is almost as stressful as selling one!

4. Brilliant. Not only is this helpful for me but I can have my wife watch and give her an understanding of the process.

5. At what point does the seller get a copy of my survey that I paid for @16:23 the broker works for me and not the seller. The broker gets to see the survey but doesn't get a copy of it and the same applies to the seller, they get to see the survey.

6. I'd like to add that you should testsail the boat, with or without the owner. Get an hour or two on the water to see how she behaves under sail and under engine.

7. Great examples of poor maintenance in this video; thanks for finally addressing insurance issues. Cover outhauling and being on the hard soon. Thanks for this one.

8. Great stuff! Thanks Tim!

9. When you talk about the cost of the 3 big items, standing rigging, sails and engine, I have some comments/questions
   1) standing rigging- I was involved in rigging for 38' Leopard cat where local riggers/shops wanted $10K for material and install labor. Instead the rigging was ordered from S Africa builder for $5K and will be installed for less than $1K. This is compact wire and diamond rigging design, but shopping around saved at least $4K. Owner had considered self install using rigging tension device.
   2) Sails- do you have any opinions on sails from far east sail lofts? Their prices seem to be lower than stateside suppliers, but what about quality and accuracy of cut?
   3) engine replacement. Seems to me that "marine" versions of small diesels are quite expensive for what they are, even the "red" ones. Have you heard of anyone using a Chinese made marine diesel and their experience? A YT video from 6+ years ago cruiser got a 2 or 3 cyl one for his sailboat for like $2K, installed it himself and it worked fine (see YT "marine diesel from china" or similar wording for land based test of engine)

10. Well, I'm down to a consult! I have a soup/sandwich situation: a 1977 IOR racer converted to a cruiser in 1996, or, a much newer Jeanneau/Beneteau at a much higher price. My parameters are 'reasonable' but, in the end- I want a long distance cruiser that can remain away from power for long periods. I've found a few boats- none next door, sadly- but, need to narrow down the selections!!!

11. The link to The Digital Mermaid YouTube does not work.

12. I would like to suggest a couple of additional important points. First, where are you going to keep the boat after you buy it. You need to at least check into this. Many busy marinas will not transfer a slip when a boat is sold. So if you are in an area where slip space is tight, make sure you have a spot lined up. You may find that you have a very limited time to get the boat out of the marina it is in and that you are paying daily slip fees until you move the boat. You will also want to factor in the cost of moving the boat to its new location. If you buy a boat say in North Carolina and you are in Maine, it will cost you thousands of dollars to move the boat to its new home. That cost will also include a big chunk of your time if you move the boat yourself. Make sure you set your insurance up before you close on the boat because the seller's coverage ends when the deal closes and you need your coverage to start as soon as possible, ideally immediately. Despite what Lady K sailing says, it can be a challenge to find insurance for a cheaper, older boat. Here in the USA there are quite a few insurers that won't even talk to you about a boat older than 30 years, except possibly for liability only coverage. It is generally easier to insure a more expensive boat.

13. You didn't mention getting a buyer's agent – which typically is paid for by the seller. Opinions?

14. "Holy Trinity" is fascinating…. Wonder how many people fell in love with an impulsive purchase, only to have committed HARI-KARI 🗡⁉

15. And always take a very strong flashlight when looking at a boat!

16. Well done, really… I was lucky enough to own three used boats that I bought by increasingly refining the buying process which I can confirm is very close to what you describe in the video. In the European area where I sail, it is also very important to evaluate the cost of storage from the moment of purchase and the cost of its transfer to the shipowner's usual port of docking. Cost can be important…

17. Thanks for the video. I plan to start looking seriously in next 6 months – the things to look for and the insurance issue were helpful.

18. Your link to the Digital mermaid is broken.

19. Why does the seller get a free copy of the survey. Seems to me the seller should have to share the cost if he will be able to benefit from it. Also, if a boat is declined after a survey, and the next interested party wants a survey a week or two later, can he just buy it from the previous interested party? Or do separate shoppers all have to hire their own survey? Great presentation.

20. You spoke of the holy Trinity of repair. Sails, standing rigging and engine. I'm very curious about Dynema. It's lighter, way more cost effective and you can do it yourself. Do you have any information pertaining to Dynema? I know it's stronger than steel, but I'm curious about it's resistance to UV rays. Not to mention when do you know that it goes or is getting close to giving up the ghost, so to speak. There is very little information pertaining to this. I assume it's because of it eats into the money to be made on the riggers and Marina's. And I know not to ask the companies that sell it, they'll tell me that it also gets rid of barnacles and it navigates on its own. Could you please find info on this subject and make a video about this?

21. I can't even begin to tell you how helpful I found these two videos!!!! Thank you so much for covering these details!

22. What are the pitfalls or hurdles of buying a vessel in Australia vs Europe for a person in the USA?

23. great info thx!

24. Ouch that hurt! I don't even own a armchair!! You forgot the biggest rule of all don't fall in love.

25. Oh wow, thank you so much for the mention!! ^_^

26. "Outside indicates the inside". I walked up to my boat the first time, the owner was in the dinghy waxing the side. His first words were, "I like to polish." It'd be fair to say, 'yeah right.' But my slip is at his old marina and that's what everyone there says about him. And yep the inside, the engine, just about everything is in great condition. There's a double set of multi-Raycore filters. I doubt the second set has ever been used, and there are spares for everything. (Anyone need a window or hatch for a Hunter? I can probably send it to you. I've got a complete second set.)
    "Take pictures" You should take pictures, but you should have a friend with you holding a GoPro. Get HD video, maybe of the whole walk through with the current owner, but definitely of the survey. This is your operator manual, I didn't do this because my memory is so good….and I'm still poking around looking for the fore mascerator, and I've spent time looking for things that were never there. Had I a video, I could've just scrolled through and these answers would be there.
    I think in future I would approach the surveyor a bit differently. Nick O'Kelly says he always says, "Make me want to not buy this boat." I think I'd say, I want a list of all the things that are going to need fixing, replacing, upgrading and about when. My rigging is 20 years old in great shape, but standing rigging has a general life expectancy of about 10-12 years. I knew that, but it should be mentioned in the survey. The only recommendation on my survey is to update the EPIRB. I think when we hire people their first motivation is to fulfill our expectations. I really want to know what's going on, to understand. I had a highly rated surveyor, but I definitely didn't get ''an astounding amount of data." (I think it would be great for Tim to add to his consulting service a couple examples of great surveys and not so great (incomplete.) And maybe a checklist to send to the surveyor. Are you going to do all of these things? (I got no market report, I did get a boat value.) How did my surveyor miss that the electronic compass was 180 degrees out? Another sailor scoffed and said, "All your survey has to say is that it was there and it turns on." That would've been helpful to know.

27. heineken is not beer.. its glorified urine

28. As a broker I am enjoying the videos. But first when negotiating price with a broker they are going to expect a deposit to start negotiating the deal. Usually 10% of the offer. Generally a check and often a copy of the check to show that buyer is serious. I often don't deposit it until an agreed price is reached. But I will absolutely deposit the check before survey, sea trial haul out. The reason being a surveyors only recourse is to put a lien on the boat as is well as any boat yard involved. My job as a broker is to protect the owner. I often work as a buyers broker as well and the same still applies but my clients interest is still at the top of my list. I would encourage people to find a good local to semi local broker to represent their interest. Especially if pursuing a higher end non local boat.
    Insurance is still a bit of a bugaboo but having helped clients recently I know it can be done.
    Love your trinity thing. I would like to say that not long ago I commonly told people that ten percent less than ask was a gimme most of the time but market has changed. But unless you get good insight to the particular situation 20% less than ask will be treated as insulting.
    Keep up the good work
    I might not agree with everything but you are fairly on target

29. Great couple of episodes! Very helpful. I'm exploring the market now, so this is timely.

30. I would love more videos and deeper dive videos of these things

31. I called Tim a few weeks back to get his opinion on a sailboat. I mentioned how I easily had spent thousands boat hunting the past 16 months and could write a book on "How Not to Buy a Sailboat". Note: It's even harder when you live in Iowa and are buying a boat for the Keys. This is a great video and would have saved me thousands as a first time sailboat buyer! This is far and away my favorite Youtube Channel.

32. How to buy a sailboat? Start with a lot of money then add more money. (;, Having owned a boat and lived aboard for 5 years, I wouldn't have traded it for anything.

33. I thought osmosis would also be a deal breaker.

34. Love the "armchair sailor" comment, Tim. It's so true that there are tons of on-line critics that say you should only buy some high end, semi-custom, bullet proof, 7 figure machine. Virtually none of these "experts" own one of these boats, and in fact, most don't own a boat at all. They just site at home and watch YouTube videos to acquire their "knowledge." Their credibility in my mind is zero and I pay no attention to them. As for self-inspecting pre-offer and pre-survey, I'm always used your "walk the decks" technique to get an early idea of the boat's structural condition. I actually baby-step the entire deck over every square foot feeling for de-lamination. If there is any, that's usually an immediate deal breaker. Unfortunately for C & C, back in the day I'd discovered this too many times on their mid-70's to mid-80's models. Finally, the survey is huge and necessary. Yes, it's expensive and it may be tempting to skip it if you are not financing the boat, but it is your best negotiating leverage when finalizing your purchase price with the seller. You'll almost always get your $1200 in survey cost back due to price adjustments you are able to secure as a result of things the surveyor finds, especially because he has that magic tool, a moisture meter.

35. Good video overall. One thing to note is that a surveyor should never share the survey results with the seller or selling broker. It is yours and yours alone as the potential buyer. Also, most brokers are going to want a purchase agreement (and deposit) prior to survey and test sail.

36. +1 for an in depth video on insurance and the logistics of marinas. Love the videos, keep em coming!

37. a few notes on the 343 you reviewed. The example you noted on Yacht world has pictures that are not of a 343. The Companion way pictures with the Clear Dodger are not of a 343. The example for sale in St Martin for 45K looks a lot like the one I lost in hurricane Irma. We sailed it from new till 2017. The St Martin one is an example of a very well used boat after it endured a hurricane, but it has a new Mast. Ps Yanmar indicates that their engines have a life of 10,000 hours before rebuild with proper oil changes. Enjoyed your Video most informative.

38. Love your videos. I tried to access your Discord link but had no luck. I contributed a one-off support payment to your work. Would be nice if you could give us your thoughts on a Kraken 50 Vs Moody54DS as ocean-crossing yachts, say Capetown South Africa to Sydney Australia :). Keep up the great work! Mike from Strathalbyn SA

39. Great points especially about forgetting to take the pictures lol how many times we go back home sitting at night thinking about it and wish we had a photo to look at.

40. A big advantage of having your own boat broker is that they'll be able to provide you with the comparable boats and you won't have to wait for the surveyor to tell you them. Your boat broker and the seller's boat broker split the brokerage fee, so there's no "apparent" cost to you. However, if you don't use a broker, you can tell the selling broker you want him to kick in some money because you don't have a broker. Usually broker fees are 10% of the selling price, so you can easily ask that the selling broker to eat 1 or 2% of the boat price. He can say no, but you can at least ask…

41. I spent the last few days watching your Lady K Sailing – not the boat videos as we have our perfect boat. I noticed in one of the videos that you were concerned about the swage fitting discolouration and that you went as far as talking to Herb and Maddie from Rigging Dr. On our last trip north from the Bahamas to Owen Sound, we had a break in one wire of the genny forestay as well as breaks to the stays'l stay. We looked into dyneema using primarily Rigging Dr., James from Zingaro and very importantly John Franta from Colligo. We decided to go with the dyneema and are building our new rig over this winter while I am off work. If you would like, feel free to get in touch and we can talk it over. Susan and Rick.

42. Its nice of you to give Digi a shout out! Very informative channel.

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