Join Date: Feb 2010
Location: Narragansett Bay
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You know, I am afraid to low ball and I don't think I'm alone. I think it's partly because I'm worried about offending someone, but also I'm not sure what the difference between a lowball offer and a ridiculous offer is in the boat world.
Let's say someone is asking $10k. Assuming average circumstances, is $7k to $8k an expected offer, $5k lowball and $2k ridiculous?
That depends entirely on how close the asking price is to the real value. All sellers don't mark up by the same percentage, so you can't mark down by one. Requires research.
Be wary of hidden flaws that pictures and amateur surveys miss. Wet cores, rigging issues, engine issues, worn sails can be expensive. With some less expensive boats, it is routine that these issues exceed the value of the boat. That's why so many sit abandon in marinas. I'm not trying to scare you away. Just don't assume the biggest discount is the best boat.
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In the harsh marine environment, something is always in need of repair. Margaritas fix everything.