This is a feat that can be accomplished quite easily in a ‘boat for sale’ transaction; you’d better believe it!

And the losses go way beyond the fiscal hit. Along the way you can be assured that one’s will to live will have taken a few blows; then there’s the emotional attachment factor; the shattering of life dreams, not to mention the damage to one’s self- esteem.

The ‘SV Lucy’ story is a case in point.

Gerwin & Kristal are a couple of geniuses that decided to build a beautiful cruising yacht. They set out to do it the right way; by attending the Wooden Boat School in Franklin Tasmania, in order to learn the traditional craft.

Thereafter they set about manifesting their dream into three-dimensional physical reality.

The result: ‘Lucy’ is a 37’ verifiable piece of furniture.

After a Pacific cruise they decided upon a trip to Japan and across the Northern Pacific to Alaska. But Covid intervened and they decided reluctantly to sell ‘Lucy’ and chart another life course.

We always assure Vendors that anyone can apply the principles of Over-Boated DIY.

You can do it yourself. It’s not rocket science. All that is required is an understanding of the principles and some application.

And Krystal assured me that they followed the Over-Boated formula ‘to the letter’ with the result that they sold ‘SV Lucy’ for $600,000.

But that’s NOT the kicker!

Barely twelve months later, the buyer has a change of mind and places Lucy back on the market.

Had he even used the boat? Probably not, because the engine hours were identical to engine hours when Gerwin & Krystal sold the boat.

SV Lucy sold this second time for $295,000 less brokerage commission via a conventional brokerage transaction.

A $300,000 + loss in 12 months: that’s the kicker!