1983 pearson 303 - SailNet Community
 
LinkBack Thread Tools
post #1 of 10 Old 04-26-2008 Thread Starter
Junior Member
 
Join Date: Apr 2008
Location: down east - nc
Posts: 12
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
 
Question 1983 pearson 303

as planned we went aboard a 1985 catalina 30 and a 1983 pearson 303 today... just on casual inspection and the overall layout preferences, the pearson won by a slim margin. seemed to be a bit more attention to detail on the pearson as well.

the boat is a one owner boat... 25 years of TLC and it shows. he is asking $29500 via a local broker.

of course any offer we make will be contingent on a sea trial and survey, but not sure how to calculate a reasonable offer on this boat... any advice would be appreciated.

thx/ alex

edit - the boat has been on the market since 9/07. obviously as nice as this boat is - the market is very slow?

~ a good compass is fine, but true north is finite ~

Last edited by surfsup; 04-26-2008 at 05:51 PM. Reason: added info
surfsup is offline  
Quote Quick Reply Share with Facebook
Sponsored Links
Advertisement
 
post #2 of 10 Old 04-27-2008
Here .. Pull this
 
Join Date: Jan 2007
Posts: 2,031
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 9
 
"You can never pay too much for a good boat and you can never pay too little for a bad one."

If you get the boat for under 30 thousand dollars, and if it is in good shape - that's not a bad price in my opinion. I am sure there are thousands who will suggest you shouldn't pay more than 10K but personally, I think you get what you pay for.

Tell the owner that you're interested. Then go look at a lot of other boats. After you have seen enough of them, you'll be able to develop a sense of what 30K should buy in your area, and if you think that the boat is competitive then go for it.

I believe that a used 30 foot boat in good condition, decently equipped costs between 30 and 50K. You may spend it all upfront, or you may buy the boat for 5K and then spend 45K bringing it up to snuff - but you WILL spend it somewhere.

So if the work has all been done for you go ahead and have it surveyed.

Good luck !
Sailormann is offline  
Quote Quick Reply Share with Facebook
post #3 of 10 Old 04-27-2008
Moderator
 
Jeff_H's Avatar
 
Join Date: Feb 2000
Location: Annapolis, Md
Posts: 6,854
Thanks: 5
Thanked 140 Times in 113 Posts
Rep Power: 10
     
It is much harder to decide on a fair price in this market and certainly even harder not having seen the boat or its equipment list. If you go onto Yachtworld you can see that there are a very large number of 303's for sale and most are within a $1,500 or so of the boat in question. There is a 303 in New Bern asking $24,900 that you might want to look at as well. YachtWorld.com Boats and Yachts for Sale&

BTW. The stock 303 is a much better boat than a stock Catalina 30 in almost all ways.

You have a couple things working against you. The boat was only listed in September 07, which is a very short time to sell a boat (especially over the winter) even in a bull market which we are not in. This is the beginning of the buying season which means there should be a lot more lookers in the months ahead and the broker and seller should know that.

In any event, I personally would probably start with an offer somewhere between $23,500- $24,500 and see what comes back. If you really like the boat and are afraid of losing it then I would perhaps start a thousand higher. Depending on how the owner understands the market he might refuse your offer without a counteroffer or he might come back with a counter offer intended to signal where he wants to be. Mys ense is that you probably don't want to end up above $27K and that probably a fairer price is below $26K.

Jeff
Jeff_H is online now  
Quote Quick Reply Share with Facebook
post #4 of 10 Old 04-27-2008 Thread Starter
Junior Member
 
Join Date: Apr 2008
Location: down east - nc
Posts: 12
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
 
sailormann/ jeff

both of you offered level headed advice, which i needed to hear. i appreciate you taking time to address my question.

i had already plotted out other boats to visit - and the one in new bern was on the list (also a 303 in washington nc). also, i was unaware that boats stayed on the market for so long.

the one owner aspect is appealing to me... but not a deal maker in itself. and the boat does need work. $30k won't break the bank, but we are due to retire in less than 3 years and we need to make the right decision first time, as we will most likely be in this boat a long. we're finding that 32-34'ers aren't that much more (ha!).

anyway - i was thinking nte $26.5k being about right for a 303... so i might want to come in bit lower, if i make an offer on one?

also discovered that a haul out and survey will run me about $750 for this size boat.

alex

~ a good compass is fine, but true north is finite ~
surfsup is offline  
Quote Quick Reply Share with Facebook
post #5 of 10 Old 04-27-2008
Moderator
 
Jeff_H's Avatar
 
Join Date: Feb 2000
Location: Annapolis, Md
Posts: 6,854
Thanks: 5
Thanked 140 Times in 113 Posts
Rep Power: 10
     
I used a super surveryor who operates out of your area. Feel free to PM me if you need his contact info.

Jeff
Jeff_H is online now  
Quote Quick Reply Share with Facebook
post #6 of 10 Old 04-28-2008
Senior Member
 
johnshasteen's Avatar
 
Join Date: Aug 2002
Location: Houston, TX
Posts: 652
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 13
 
I don't know if you have looked at any Bristols in that size range, but they are strong, sea kindly, bluewater boats - built by the Pearson family. The second generation boats are quite roomy and have better accomodations below than the earlier Bristols We've put thousands of bluewater miles and two Force 10 storms under the keel of Paloma. Here's a link to a B29.9, the price is very low, so I'm not sure what condition it's in. YachtWorld.com Boats and Yachts for Sale

s/v Paloma, Bristol 29.9, #141
Slipped in Bahia Marina, easy access to Corpus Christi Bay and the Gulf of Mexico.
johnshasteen is offline  
Quote Quick Reply Share with Facebook
post #7 of 10 Old 04-28-2008
DrB
Senior Member
 
Join Date: Mar 2007
Location: New England
Posts: 966
Thanks: 0
Thanked 7 Times in 7 Posts
Rep Power: 9
 
Other Pearsons to Consider

If you like the 303, look at a 31-2 or a 33-2 or even a 34 or even a 10M. I am biased and own a Pearson 10M (1979) and $ for $ consider it the best bargain of the one's I mentioned. I don't know what your budget is or what type of sailing you want to do, but the 303 is not performance oriented as the others that I mentioned. By performance I mean it doesn't point high and has a low PHRF rating (180 ish) so it isn't very speedy. If you don't care about those things, than the boat is a very roomy 30 ft floating condo.

You can pick up a 10M for about the same money as the 303 ($25K ish) and you get 3 ft more boat and a lot more performance. It is an older model though (stopped making them in 1980), but it's solid. The 31-2, 33-2, and 34-1 are all going to be in the mid 30's to $50K, but they have better performance and a little more room than the 303. The 34 has a massive cockpit (9') and was my ideal boat until I found our 10M, which I really love.

I agree with others, look at a bunch of 30+ footers before making a decision. I must have looked at 12 boats before I found ours.

Peter Hunt is a good surveyor if you are in the MA/RI area. He has owned several Pearsons, so he knows them inside and out. I think he charges about $15/ft.

DrB
DrB is offline  
Quote Quick Reply Share with Facebook
post #8 of 10 Old 04-28-2008 Thread Starter
Junior Member
 
Join Date: Apr 2008
Location: down east - nc
Posts: 12
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
 
DrB - we can afford to buy a bit more at the initial price point... the problem is everything seems to go up with it (slip rent, haul outs, etc). but a 32-34 might be do-able? your points are well taken and i had already been warned that the 303's performance might not satisfy me as i became more skilled. that concept seems to hold true in most of life's endeavors... i.e., don't short change yourself up front. so we will be looking at a few longer boats as well. thx/ alex

~ a good compass is fine, but true north is finite ~
surfsup is offline  
Quote Quick Reply Share with Facebook
post #9 of 10 Old 04-28-2008 Thread Starter
Junior Member
 
Join Date: Apr 2008
Location: down east - nc
Posts: 12
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
 
Quote:
Originally Posted by Jeff_H View Post
I used a super surveryor who operates out of your area. Feel free to PM me if you need his contact info.

Jeff
certainly will consider, pm sent... thanks!

~ a good compass is fine, but true north is finite ~
surfsup is offline  
Quote Quick Reply Share with Facebook
post #10 of 10 Old 04-30-2008
Member
 
lbdavis's Avatar
 
Join Date: Apr 2007
Location: Portland, ME
Posts: 560
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 9
 
Alex,

I bought a 1983 P303 last fall after looking at MANY boats. While it's true that it won't win you many races, I still find her very fun to sail. It's all what you are looking to use the boat for. As many have mentioned - the accommodations for your buck can't be beat IMHO. I'm cruising the coast with 2-4 people on board for weekends. Pretty comfy for a 30'-er.

I have been working extensively all winter on many of the systems of my P303. Feel free to PM me and I can share with you what I've learned.

Good luck with your search!
lbdavis is offline  
Quote Quick Reply Share with Facebook
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the SailNet Community forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
Please note: After entering 3 characters a list of Usernames already in use will appear and the list will disappear once a valid Username is entered.


User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in









Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



Similar Threads
Thread Thread Starter Forum Replies Last Post
Islander Bahama 30 vs Pearson 303 Rickrv4 Boat Review and Purchase Forum 0 05-29-2007 11:31 AM
Pearson 32, 303 and 28, Tartan 30 cassycc36 Boat Review and Purchase Forum 8 09-25-2006 08:57 PM
Pearson 303 jwieneck Boat Review and Purchase Forum 1 05-31-2006 03:45 PM
Pearson 303 for liveaboard cruising slimqs Boat Review and Purchase Forum 1 07-17-2003 06:33 PM
Pearson 36 vs C&C 37 dnr Boat Review and Purchase Forum 1 11-16-2002 04:07 PM

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome