Proud "picnic sailor"
Join Date: Oct 2009
Location: Swarthmore, PA
Thanked 80 Times in 70 Posts
Rep Power: 6
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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Formerly posted as "RhythmDoctor"
1998 Catalina 250WK Take Five (at Anchorage Marina, Essington, on the Delaware River)
1991 15' Trophy (Lake Wallenpaupack)
1985 14' Phantom (Lake Wallenpaupack)