Join Date: Aug 2006
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Market value vs replacment cost
Ijust got a copy of a survey on a boat that I am interested in buying. The thing is that market value is very low compared to asking price , about 27,000 usd difference. The boat looks to be in very good condition and well equipped as well as being competively priced when compared against other boats of the same vintage. However the sellers are unwilling to move much off their asking price. How much stock should one put in the market price , and how does a surveyor come to such a figure , when by his own statements the boat is very well equipped and maintained?
Currently negotiating the price so any insight would be valuable .