Join Date: May 2013
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Re: "You make your money buying the boat, not selling it."
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.
Insurance companies, estate sales, divorce sales, and owners who have lost their income are constant occurrences, if you are willing to travel, and to have a boat shipped or take delivery in another state you have many options. Not everyone can purchase from an insurance company, but if you are able you can get stolen and recovered vessels every single day from auctions like Insurance Auto Auctions and other sources. That is how I have bought several boats and hundreds of pieces of heavy equipment and semi trucks. You may have to do repairs, but what boat have you ever purchased used that you did not have to do some repairs.
Not every boat is logged on soldboats.com I know I never logged sales there.
It is good to learn from your mistakes, but much better to learn from the mistakes of others...