NADA values vs asking price how much is it really worth? - Page 2 - SailNet Community
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post #11 of 12 Old 10-10-2006
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"The BoatUS lady seems to do a better job valuing a boat. BUT I haven't actually had an offer accepted that was made based upon her input. "
Then by definition, the market has rejected her advice and she is NOT telling you the real or correct market values. When all is said and done, the value of used goods, including boats, is what they can actually be bought or sold for.
What's a half-million dollar home worth? Maybe a million in Southampton, but only $175,000 in Boise. 15% less last year? 5% more this year? anyone's guess two years from now. Even worse for boats, because they are a luxury item and their price moves even more in reaction to the whole economy. Not to mention, a couple of good storms can take 5-10% of them off the market "forever" overnight.
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post #12 of 12 Old 10-11-2006
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"The BoatUS lady seems to do a better job valuing a boat. BUT I haven't actually had an offer accepted that was made based upon her input. "

because boatus has been known to sell a few insurance policies, ummm, uhhh, I'll bet that 'cuz she was doing an "insurability" thing, eh? She couldn't very well say... "thats worth 100k", then conjour up a policy that limits coverage to 60k

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