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post #259 of Old 08-27-2013
TakeFive
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Re: What Is A Boat Really Worth?

Quote:
Originally Posted by miatapaul View Post
...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)
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