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Old 10-10-2008, 18:58   #1
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how to trade

So I was wondering ho to go about trading down in boats. I have a wharram pahi 42 that is fully set up for circumnavigation. I want to go to a smaller mono so I can pay off my debts. I love my boat but am financially hurt and am trying to go debt free. I tried a broker but I fired him after he still didn't know anything about my boat after 2 months, ha. well if you guy know of any websites or a way to go about this please help. I would like to just sell it but I want all options open.
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Old 10-10-2008, 19:17   #2
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We are in a time of great financial chaos. It means you need a cash buyer. There are not a lot of them right now. It might be the worst market since they invented recreational boats. There is no credit any place on the planet right now.

You can sell it quickly at the right price or take longer and get more. Hiring more brokers eventually might get you there but at least you will then be buying in the same buyers market. Trading down just might work if you can avoid firing every broker you hire. It takes the right buyer and that takes time. It's not like a broker can make someone buy your boat. If they really could do that then it would be a sellers market.

Everyone selling knows why their broker can't sell their boat, but they never come up with cash or a buyer to pay for it. The answer is simple - lower the price or wait. After you fire a few more brokers you may be in a better mood to lower the price or wait. That is all the options sellers have.
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Old 10-10-2008, 19:31   #3
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I would of loved a broker that even would of figured out what my boat is, ha. I am pretty flexible on my price. I have a hard boat to have a broker for but I would love to get it on yachtworld
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Old 10-10-2008, 19:55   #4
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Old 10-10-2008, 20:00   #5
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Old 11-10-2008, 07:32   #6
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Findit,

I wish you had posted this a couple years ago. I have been a big fan of JWD for decades and the Pahi 42 used to keep me up late at night staring at the ceiling. You may be hard-put to find a broker who knows anything about your boat. If it's not built for the charter trade it will likely be off their radar. You are fortunate in your location, however. Have you tried any of the specialty brokers like the Catamaran Company?

Best of luck,
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Old 11-10-2008, 07:50   #7
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Old 11-10-2008, 08:23   #8
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there is about a hundred pics on my website arenuiwaka.com if you scroll over each pic is actually a album the pic should change as you scroll over them or click them.

You don't want one any more?

I feel guilty getting rid of it, it is such a great boat and I have put a thousand hours into refitting it. we where about ready to take off to the bahamas this season and keep going but I fell to a series of unfortunate luck. So I just hope it goes to someone who can sail it. It won't be that great of a boat for the PNW where I have moved to for work.
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Old 11-10-2008, 16:24   #9
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there is about a hundred pics on my website arenuiwaka.com if you scroll over each pic is actually a album the pic should change as you scroll over them or click them.
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Old 11-10-2008, 18:42   #10
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That before alot of the work.
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