Join Date: Feb 2010
Location: Narragansett Bay
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Re: What Is A Boat Really Worth?
Actually, I once wanted to visit a boat that was listed way below market. The broker stalled me for a month and the listing disappeared. It came back a few months later at a much higher price.
Turns out the broker was conspiring with the seller to reduce value in a divorce. He had sold the boat to him as new and done many deals with him over the years. The seller listed it low and was able to say it didn't sell. Then, once the divorce was finalized, they raised the price by $100k and started accepting visitors. I can only assume his wife or her attorney didn't follow. OTOH, I learned who it was and the settlement was likely in the millions anyway. May not have mattered in the grand scheme of things.
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In the harsh marine environment, something is always in need of repair. Margaritas fix everything.