I don't discuss my member
Join Date: Aug 2007
Location: Chesapeake Bay
Thanked 33 Times in 33 Posts
Rep Power: 10
asking price and selling price.
I know there's a difference between the 2 and sometimes it can be pretty substantial. In my case I'm looking at a merit 25 that was brought to my attention by Sailor Mitch (thanks!). The owner is looking for a quick sale b/c he is relocating, however the asking price is higher than I had expected. He's asking 8,000 w/o a trailer. It has been well maintained and has new North sails w/ a small outboard. Others (I spoke with, the marina owner) have told him that he's asking too much, so the owner knows it won't sell for 8k. My question, what is this boat worth? I can't do 8k even if I tried.
On the other hand, There is another merit 25 1200 miles away that has the same features and comes with a trailer, but only asking 5,500. This is appealing to me b/c the trailer offers me cheap winter storage (free).
I have a bad feeling that the Merit closest to me will not come down in the price enough for me to afford to by my own trailer and the boat.
But 1200 miles one way to pick up the other merit gets pricey when factoring in my time, gas, food, ect.
I am in no rush, however I do know the price of the boats won't get any cheaper in the spring. What would you do?
Merit 25 # 764 "Audrey"