Join Date: Oct 2009
Location: Swarthmore, PA
Thanked 102 Times in 91 Posts
Rep Power: 8
Re: What Is A Boat Really Worth?
...It is in the interest of the brokers to inflate the prices, as higher prices mean higher commissions...
Artificially inflated prices mean lower volume, which means lower commissions. A broker gets no commission until a boat sells, and it will just sit on the market if priced too high.
A broker might give in to pressure to mis-report a sale price, but he gets no benefit from it. He only hurts himself and his colleagues.
Rick S., Swarthmore, PA
USCG Certified Captain, 50 Ton Master and OUPV
ASA Certified 101/103/104/105/106
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2001 Catalina 34MkII Tall Rig Breakin' Away, Universal Diesel M35B, Mantus 35 lb. anchor, sailing out of Rock Hall Landing Marina