Join Date: Mar 2006
Location: on the water
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I did some more research .. what I found: the NADA value of a sailboat can be up or down about 10%. The sales figure reported by brokers is unreliable, because it is in the broker's interest to inflate the prices. I did the google thing, and this is from a couple of places. Not very scientific. Just what I found on google. If the up 10% is correct; a $15000 boat "could" be worth
$16,500.. or $13,500 .. Sounds about right. The owners/sellers don't like to hear this though. Being a boat seller is like getting stabbed with forks. If the boat goes for NADA plus 10% and the broker takes 10%, .. the broker is taking 10% of the higher amount. Of course, NADA value is based on original equipment. I suppose if a boat buyer gets a boat with a brand new engine, sails, rigging, self tailing winches, an inflatable, ..