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  #261  
Old 08-29-2013
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Re: What Is A Boat Really Worth?

Quote:
Originally Posted by JulieMor View Post
According to what I've been told, the average boat sits on the market about a year before it's sold. That's a long time to wait for a commission, especially if you're just getting into the business...The soldboats information certainly showed that pricing a boat properly will get it sold faster. And you would think that would compel brokers to do whatever they can to get the seller to agree to a listing price that will be in line with boats that sold quickly...
A boat owner who thinks his boat is worth more than it is will pick a broker who tells him what he wants to hear. (Same for home owners and realtors.) So in order to get listings, brokers often have to list unreasonably high and wait however long it takes for the seller to soften his price.

Quote:
Originally Posted by JulieMor View Post
...But we saw many boats that were on the market a year or more where the original listing price hadn't budged.
Sometimes the seller doesn't want to sell and is happy to keep using the boat. Sometimes the seller just doesn't have time to worry about it and thinks someone will come along if he waits long enough. Sometimes the seller is dead and the heirs are arguing over the right strategy.

But one thing is for sure - the vast majority of boats that you will see have been on the market a long time and will remain on the market a long time. The few that are well cared for and have motivated sellers will get snatched up before you ever see them, or right after you see them if you don't act quickly.

So it's this tough situation where you can get lulled into slow action because you think nothing sells quickly, but if you find "the boat" you'd better act quickly because everyone else is looking for the same high level of maintenance that you are.
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  #262  
Old 08-30-2013
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Re: What Is A Boat Really Worth?

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Originally Posted by TakeFive View Post
But one thing is for sure - the vast majority of boats that you will see have been on the market a long time and will remain on the market a long time. The few that are well cared for and have motivated sellers will get snatched up before you ever see them, or right after you see them if you don't act quickly.

So it's this tough situation where you can get lulled into slow action because you think nothing sells quickly, but if you find "the boat" you'd better act quickly because everyone else is looking for the same high level of maintenance that you are.
I agree with this. Although we were looking at a very different price range than the O/P, the junkers that we saw are still on the market. The boat we bought was on the market for only a few weeks before we saw it, and we didn't hesitate. Every week we're thankful we were lucky enough to find our boat.
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  #263  
Old 08-30-2013
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Re: What Is A Boat Really Worth?

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Originally Posted by TakeFive View Post
But one thing is for sure - the vast majority of boats that you will see have been on the market a long time and will remain on the market a long time.
And if I can add one more thing to that... Most of those boats need a lot of work, even the ones that are still being used regularly. At least that's what we saw.

We saw three boats we really liked. One got scooped up a day or two after we looked at it. The other two are still on the market. Both of them are very well cared for, but both are 30 years old (one a Tartan and the other a Sabre). The one that got scooped up was an '88 Ericson (5 years younger) that had many recent updates and was the lowest priced at $57.4K.

There was another E38 that is listed for $12.5K more that was in much better shape than the one that sold and is 1 year newer. Yet, that's still for sale. So it must be the price. But if you go to Yachtworld and look up E38s, 1988 and newer, most fall into that mid to upper $60K range. NADA and BoatUS value them in the low to mid $50K range.

If you look at that little snapshot you could say if you want your boat to sell quickly, start with NADA and BoatUS values and take it from there. If you don't care how long it takes, use Yachtworld for values.
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  #264  
Old 01-21-2014
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Re: What Is A Boat Really Worth?

Hey Julie,

How is the boat shopping coming along?
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  #265  
Old 01-21-2014
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Re: What Is A Boat Really Worth?

Seems Julie hasn't signed on to the forum in over three months. Hope she hasn't fully abandon the effort.
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  #266  
Old 01-22-2014
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Re: What Is A Boat Really Worth?

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Originally Posted by jorgenl View Post
Hey Julie,

How is the boat shopping coming along?
I would bet dollars to donuts she has not bought a boat, and probably will never buy a boat. She enjoyed all the attention from mentioning Sabres and Swans, but bailed when some questioned her commitment to actually buying a boat.

Posts are revealing as to who is really serious about actual sailing and who enjoys virtual sailing and craves attention.
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  #267  
Old 01-22-2014
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Re: What Is A Boat Really Worth?

I don't necessarily think she was craving attention. She seemed more in love with the process of buying a boat, rather than actually owning a boat.

Endless tweaking of spreadsheets and doing ressearch, etc. She should just be a yachtbroker instead of an owner.

If she buys a boat this spring, well good for her.
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  #268  
Old 01-22-2014
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Re: What Is A Boat Really Worth?

She was on several boards with her "expert" analysis of the process.

She also said at one point that she needed to convince her husband.

It's lot cheaper to have a "plan".
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  #269  
Old 01-22-2014
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Re: What Is A Boat Really Worth?

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Originally Posted by sailpower View Post
It's lot cheaper to have a "plan".
She obviously enjoys searching for a boat. Nothing wrong with that. A little bit like 'reading' a Playboy magazine. Ultimate safe sex. And very affordable.
I like looking at the boats for sale as well. I do it all the time. I'm probably 3 years away from buying my 'retirement' boat but in the meantime I keep sailing the smaller boats I have had for years. Looking at boats for sale is fun. Almost therapeutic.
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  #270  
Old 01-22-2014
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Re: What Is A Boat Really Worth?

Dreaming is nice. I am glad that she had not bought a dream that could have turned in a nightmare. If one buys an inexpensive old boat without expecting to spend a lot on it, a nightmare can easily be on the horizon.
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