SailNet Community - View Single Post - Market value vs replacment cost
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post #10 of Old 12-04-2006
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Originally Posted by kmclarke
Hello all.

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 .

Market price is just has nothing to do with how much someone may be asking for their boat. The sellers may be upside down on their financing or have put way too much money in the boat and will never get it out of it. If their price is inflated, the boat will not sell until someone comes along that is willing or stupid enough to pay their price. If they're $27,000 over average market value, that must be one special boat.
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