Join Date: Oct 2009
Location: Swarthmore, PA
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Re: "You make your money buying the boat, not selling it."
...You shop around and purchase a boat at 30%-50% below its real value and when you sell it you can sell it at 20% below its real value and come out ahead...
Once in a great while someone needs to unload a boat extremely fast and will accept a low price. But it's very rare, and if you're looking for a specific make or model of boat, the odds if finding that boat for 30-50% below market value are extraordinarily low. It's really a fallacy to think any boat can go for 50% below its "real value." Unless the owner is truly under duress, why would he accept 50% below market value, unless he knows there's something fundamentally wrong with it? Why not wait a little longer for someone who will pay its real value?
When a boat sells for any price, it becomes a data point for the boat's real value. If you think you got a boat for 50% of its "real value," then as soon as the sale is logged on soldboats.com, its "real value" for future sales of sister ships has dropped for future purchasers.
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2001 Catalina 34MkII Breakin' Away (at Rock Hall Landing Marina)
PO of 1998 Catalina 250WK Take Five (new owners relocated to Baltimore's Inner Harbor)
1991 17' Trophy (Lake Wallenpaupack)
1985 14' Phantom (Lake Wallenpaupack)