ASA and PSIA Instructor
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Re: Morgan 382 Value
Thanks for the replies! Great stats BP; very useful. I'm dealing directly with the seller, so no broker's fees.
What do you think about taking the average closing price of BP's list, and deducting 10% (since we don't have to pay a broker)? Fair ballpark price?
Heck no. You could end up offering $35,000 for the vessel that sold for $22,000...Don't you sort of have to figure out why one 1980 sold for $62,000 but another for $22,000? A sensible boat purchase requires determining the value of the boat, then making any offer from that context. The seller is likely to have a very good knowledge of the value of the boat, but that does not limit what strategy he may take in setting an asking price.
Any strategies based on averages and %'s off asking are just formulas for increasing how far over value your purchase price is likely to be.
Certified...in several regards...
Last edited by sailingfool; 10-18-2013 at 12:18 PM.