Join Date: Oct 2009
Location: Swarthmore, PA
Thanked 99 Times in 88 Posts
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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.
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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)