If the boat is for sale through a broker, find yourself a buyer's broker agent to represent your interest. Never go through the seller's broker. It won't cost you anything since your agent will be paid by splitting the selling broker's commission. A competent broker has access to on-line resources showing sales of comparable vessels. (Something the general public does not have access to.) They should be able to give you an accurate valuation. Then, if you move into the purchase contract phase, be sure to have it be contingent upon a survey that is satisfactory to you. (Personally, I wouldn't buy a steel boat.) A surveyor can give you an even more accurate appraisal. If you don't like the way it goes in the survey phase, just walk away!
Last edited by jr438234606; 07-02-2006 at 06:17 PM.