Originally Posted by JulieMor
Well, after we were back at the dock, the broker did mention the seller was pretty firm on the price so any dramatically lower offers shouldn't be made.
This is so often the case, and so sad. A guy buys the boat. Re-rigs, adds the TV and all the associated electronics, BBQ, air conditioning, pays for the nice welding (!?!), before he knows it has sunk $000's into he boat - and now he is selling it, wants most of that the investment back.
If only, right?
I still remember sage advice from a friend, looking at a nice but run-down sailboat in our marina: "Look at this boat. A bit run down, you could pick it up for maybe $15K. Fix her up, new sails, change out the rigging....maybe put in $20K ... and you'd end up with a great boat worth about $17K."