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Old 10-20-2013
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Used Sailboat asking price / purchase price reality

I know this is more of a general question however what would you say from the people who recently sold their boat in refrence to how much they asked to what they actually got. Im looking to spend up to 15k so would looking at asking prices up to 29,000 be reasonable. Some brokers have said that you could get a boat for half of what the sellers are asking in some cases....
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Re: Used Sailboat asking price / purchase price reality

I know here in Arizona sailboats command top dollars because of their rarity and maybe 20% off the asking could be had but not really anymore than that. I know some people out here feel you can make money by buying boats in SoCal and getting them to AZ.

In a coastal area like Florida there are 1,000's more boats and I'm sure something sitting on the hard that hasn't been used in a few years could be scored at a serious discount.
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Re: Used Sailboat asking price / purchase price reality

Thanks AZGUY I should mention that Im talking about the Florida market
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Re: Used Sailboat asking price / purchase price reality

As you have noted some boats are offered at unrealistic prices.

Sometimes what they owe the bank sometimes what they owe the bank plus what they spent on her.

Never be afraid to make an offer.
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Re: Used Sailboat asking price / purchase price reality

I plan to be looking in the FL market soon. thanks
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Re: Used Sailboat asking price / purchase price reality

Ditto...never be afraid to make an offer.

The important thing to remember is, it isn't just one person that's selling all the boats out there. It's a bunch of individuals, and for the most part, none of them has any more idea of what their boat is really worth than you do. I think we tend to see a boat listed on a website, with a price next to it, and we automatically give that printed price more validity than it deserves.

Some sellers are unrealistic, some sellers think that because they own the boat it's somehow worth more than other identical boats, some sellers are desperate, some sellers are stupid, and some are crazy.

Forget about any sort of universal percentage that all buyers will allow you to deduct from their purchase price. It's a fiction.

Also, if you're told by a broker that a seller turned down 12k a month ago, don't think you can't offer them 10k now. Who knows whether the seller's kicking himself for turning down a good offer, or whether he's recently had a reversal of fortune, or whether the broker's full of it.

Who determines the selling price of a boat? Not sellers, unless they want to be buried with their boats.
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Re: Used Sailboat asking price / purchase price reality

Thanks again. Sounds like great advice
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Re: Used Sailboat asking price / purchase price reality

Great thanks for the info seems like a total buyers market out there
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Re: Used Sailboat asking price / purchase price reality

Yes, offer anything you feel like, but I'll tell you this, regardless of how much less you pay than the asking price, unless you are very deliberate and thorough, whatever you pay is likely to be more than the boat is actually worth. There is no consistent relationship between the asking price of a boat and its value.

Always remember the seller has a lot more information than you do, and is probably just as smart.
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Re: Used Sailboat asking price / purchase price reality

Don't just assume that all boats are unrealistically overpriced. Sometimes boats are offered at a true bargain price and when that happens, offer to pay full price and grab it before someone else does. If issues are found at survey, you can still go back to the bargaining table.
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