How much should I offer for this boat - Page 2 - SailNet Community

   Search Sailnet:

 forums  store  


Quick Menu
Forums           
Articles          
Galleries        
Boat Reviews  
Classifieds     
Search SailNet 
Boat Search (new)

Shop the
SailNet Store
Anchor Locker
Boatbuilding & Repair
Charts
Clothing
Electrical
Electronics
Engine
Hatches and Portlights
Interior And Galley
Maintenance
Marine Electronics
Navigation
Other Items
Plumbing and Pumps
Rigging
Safety
Sailing Hardware
Trailer & Watersports
Clearance Items

Advertise Here






Go Back   SailNet Community > General Interest Forums > Boat Review and Purchase Forum
 Not a Member? 


Like Tree13Likes
Reply
 
LinkBack Thread Tools
  #11  
Old 08-19-2013
krisscross's Avatar
Senior Member
 
Join Date: Feb 2013
Location: NC
Posts: 1,362
Thanks: 22
Thanked 72 Times in 72 Posts
Rep Power: 2
krisscross is on a distinguished road
Re: How much should I offer for this boat

I would simply do my best to help them sell this boat. We all have to learn the hard lessons of life on our own dime.
You are a very kind man, David.
glymroff likes this.
__________________
Be kind, for everyone you meet is fighting a hard battle.
Plato
Reply With Quote Share with Facebook
  #12  
Old 08-19-2013
bljones's Avatar
Senior Member
 
Join Date: Oct 2008
Location: South Coast Ontario
Posts: 8,069
Thanks: 31
Thanked 68 Times in 61 Posts
Rep Power: 7
bljones has a spectacular aura about bljones has a spectacular aura about
Re: How much should I offer for this boat

Don't buy an overequipped/undervalued boat from a friend, if you value the friendship.
At least, not right now.
IF he puts it on the market, IF he seeks your counsel regarding the boat's value, IF he prices it at a price that you are comfortable with, then make an offer- your friend has made the first move. If you offer to buy this boat before he actually puts it on the market, and you set the price based on what you think it is worth, your friend may feel that you are low-balling him, taking advantage of the fact that you know they have had a couple of bad years.

Let him come to you.
davidpm likes this.
__________________
It's 5 o'clock somewhere:


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Reply With Quote Share with Facebook
  #13  
Old 08-19-2013
Senior Member
 
Join Date: Dec 2006
Location: Beacon, NY
Posts: 1,572
Thanks: 11
Thanked 42 Times in 40 Posts
Rep Power: 8
miatapaul is on a distinguished road
Re: How much should I offer for this boat

Yes, deals with friends rarely turn out positive once you get over a hundred dollars. The first issue you run into can be a bone of contention, and would prefer to not deal with friends or family in such transactions. I don't know what the value is, but I think Mainesail is on the right track but could be a bit low but not much. Why are they selling? Thing is unless they find someone like you who is familure with the work they put into it, it is still worth the 3,600 they bought the boat for, with the exception of the new outboard, so I would add the price of the value of the now used outboard and go with that. The rest of the stuff is really just maintenance, but very good maintenance. The only thing on a boat like that that will increase the value is the motor and a new trailer.

It is not like a collectors car where money put into it will increase the value, it just keeps it going. I doubt they were under any allusions that the value would go up much with the work, likely he enjoys the work.
Reply With Quote Share with Facebook
  #14  
Old 08-19-2013
CHM CHM is offline
Junior Member
 
Join Date: Aug 2013
Posts: 3
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
CHM is on a distinguished road
Re: How much should I offer for this boat

Get a marine survey and if the boat checks out, what Maine Sail said. Its an unfortunate reality.
Reply With Quote Share with Facebook
  #15  
Old 08-19-2013
SloopJonB's Avatar
Senior Moment Member
 
Join Date: Jun 2011
Location: West Vancouver B.C.
Posts: 10,325
Thanks: 55
Thanked 34 Times in 32 Posts
Rep Power: 3
SloopJonB will become famous soon enough
Re: How much should I offer for this boat

Because they are friends and you want to keep them that way, I'd suggest you each get an outside market evaluation and average the two.
davidpm likes this.
__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
I, myself, personally intend to continue being outspoken, opinionated, intolerant of all fanatics, fools and ignoramuses, deeply suspicious of all those who have "found the answer" and on my bad days, downright rude.
Reply With Quote Share with Facebook
  #16  
Old 08-19-2013
davidpm's Avatar
Senior Member
 
Join Date: Oct 2007
Location: Madison
Posts: 3,485
Thanks: 130
Thanked 33 Times in 26 Posts
Rep Power: 7
davidpm is on a distinguished road
Re: How much should I offer for this boat

Quote:
Originally Posted by Maine Sail View Post
The motor can be valued with or without the boat but with the boat it is generally worth less at FMV..
Why is that?
How much would the motor depreciate if it only has a dozen hours on it.

It has an electric start which in my opinion is a very nice but expensive extra that in some sense discounts the motor more because of the installation necessary to move it to a new boat.
__________________
The lesson from the Icarus story is not about human failing.
It is a lesson about the limitations of wax as an adhesive.
If you have an engineering problem solve it.
Reply With Quote Share with Facebook
  #17  
Old 08-19-2013
davidpm's Avatar
Senior Member
 
Join Date: Oct 2007
Location: Madison
Posts: 3,485
Thanks: 130
Thanked 33 Times in 26 Posts
Rep Power: 7
davidpm is on a distinguished road
Re: How much should I offer for this boat

I talked to her today. I offered my mooring for next season to let them hang on to the boat one more year.
If they have a good year they may be good for a while.

It doesn't really matter how much you put into a boat if you keep it. Any number amortized over 10 years is not so scary.
__________________
The lesson from the Icarus story is not about human failing.
It is a lesson about the limitations of wax as an adhesive.
If you have an engineering problem solve it.
Reply With Quote Share with Facebook
  #18  
Old 08-19-2013
Alex W's Avatar
always busy with sailing
 
Join Date: Oct 2012
Location: Seattle, WA
Posts: 1,749
Thanks: 2
Thanked 90 Times in 86 Posts
Rep Power: 2
Alex W is on a distinguished road
Re: How much should I offer for this boat

I think Maine Sail's point is that a brand new motor on an old sailboat might only increase the value of the old sailboat by a couple of hundred dollars.

The brand new motor sold on it's own and the sailboat sold with no motor (or an old motor bought cheaply on CL) would probably fetch more than the two together.

Electric start doesn't mean that the motor has to have remote controls. Tohatsu has some reasonably priced electric start motors that work nicely on most outboard powered sailboats. I think they add about $100 to the price and you get the alternator too.
__________________
boats that I sail on regularly: Pearson 28-2, Rondar 505, Yankee 30, Blanchard Junior
Seattle, WA
Reply With Quote Share with Facebook
  #19  
Old 08-19-2013
eherlihy's Avatar
Will work to sail. :-)
 
Join Date: Jan 2007
Location: Boston Area
Posts: 3,158
Thanks: 71
Thanked 41 Times in 40 Posts
Rep Power: 8
eherlihy will become famous soon enough
Re: How much should I offer for this boat

DISCLAIMER: I have not read all the posts... nor will I.

What should YOU offer for the boat?: $0 - you don't want it, so don't buy it.

What can you do?: Help him/her/them sell it, by offering them sound objective advise.

I would suggest the following:

They should ask $8K for the boat with the motor (good luck)

Or, try to sell the motor alone for $2K, and the boat for $6K. The money that they spent on depth, speed instruments, cushions, main-sheet blocks running rigging etc. may help them sell faster, but they will not likely recoup it...
Do not buy a boat as a financial investment, but rather an investment in yourself.
davidpm and Bene505 like this.
__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

USCG Licensed OUPV Captain, ASA 101/103/104/105 Certified - Also certified in Recreational Marine Electrical Systems
Reply With Quote Share with Facebook
  #20  
Old 08-19-2013
Member
 
Join Date: Jan 2011
Posts: 89
Thanks: 0
Thanked 2 Times in 2 Posts
Rep Power: 4
SailingJackson is on a distinguished road
Re: How much should I offer for this boat

Quote:
Originally Posted by davidpm View Post
Some friends of mine have a 1975 Pearson 26. They have had ........
You cannot buy that boat.
  1. You'll piss off your friends if you offer them less than they have in it
  2. It's not worth the sum of what they have invested
There is no win if you offer them what it's really worth. It's best to let strangers, not you, tell them that their going to lose their shirts on the upgrades that they made. Similar boats are not that hard to find and the buyer usually comes out ahead on a properly rebuilt/upgraded boat.
davidpm likes this.
Reply With Quote Share with Facebook
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

 
Posting Rules
You may post new threads
You may post replies
You may post attachments
You may edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Am I out of line on my boat offer? agarcia Boat Buyers & Sellers Forum 47 05-17-2013 02:08 PM
OK, here we go again...an offer on another boat! josrulz Boat Review and Purchase Forum 36 11-05-2008 10:47 AM
Boat offer prices? Ericson 29? southernsmoke Boat Review and Purchase Forum 16 03-23-2008 09:21 AM
Offer on first boat and discouraging survey garymcg Boat Review and Purchase Forum 35 07-03-2006 10:04 AM
Offer on New Boat glennnewc Boat Review and Purchase Forum 1 05-08-2003 08:16 AM


All times are GMT -4. The time now is 10:13 PM.

Add to My Yahoo!         
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
SEO by vBSEO 3.6.1
(c) Marine.com LLC 2000-2012