SailNet Community - View Single Post - "Buyer's Market" - any data to back it up?
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post #87 of Old 09-24-2012
chucklesR
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Re: "Buyer's Market" - any data to back it up?

I paid asking for my Irwin - I could have talked him down - but I wanted that boat, then.

I guess that makes it a buyers market.

On the other hand I looked at a Morgan 43 that has been for sale for 6 years - it was a disaster of wet and mildew on the inside - yet was listed for a price that didn't include that. If it's a buyers market obviously the owner of the boat is unaware of it.
During my short search I saw many boats where the broker point blank told me what he thought the owner would settle for - in a lot of cases that was between 60 - 80% of asking. In some cases it was 100% or don't bother, irregardless of how long the boat had been listed.

Lessons learned are opportunities earned.
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