yachtworld prices

[Poinciana]

In my mind there are 2 major factors that figure into the value, other than what the buyer is willing to pay. One, what does the bank value it at for collateral and two, what will the insurance company give you if it is a total loss.

[Tropiccafe]

This all depends on the boat. Some boats are in demand like some of the ocean cruising boats (Caliber LRC). Custom builder boats sell at a higher price then that of a mass produced model. Some boats sell very fast and an offer of 20% less then the asking price will surely make you miss the boat. I did this last year with a used Caliber 40 I wanted to purchase. The offer was refused and before I could make another offer two days later it was sold. I'm still sad about this. I need a boat and need to cruise!!!!

[RainDog]

Just bought a boat recently, here are the listed vs. selling prices for the three boats I know the selling price of.

The first boat I considered was listed at $100k and sold for $84k.
The second was listed at $99k and sold for $54k.
The third was listed at $95k and sold for $72k.

[TQA]

The asking price may bear no relationship to the value of the boat. It may be the money the owner has put into the boat or what he owes, neither are good indications of its current market value.

Do your research, try and get access to soldboat.com this lists the actual selling price of boats. In my case this was not a lot of help as there was a huge variation on the older boats I was looking at. But if you are looking at a 5 year old bene coming out of charter it would be a really good figure to work with.

[krozet]

Originally Posted by Tropiccafe

This all depends on the boat. Some boats are in demand like some of the ocean cruising boats (Caliber LRC). Custom builder boats sell at a higher price then that of a mass produced model. Some boats sell very fast and an offer of 20% less then the asking price will surely make you miss the boat. I did this last year with a used Caliber 40 I wanted to purchase. The offer was refused and before I could make another offer two days later it was sold. I'm still sad about this. I need a boat and need to cruise!!!!

I think they already bought a boat... The last post in the thread is almost 8 years old...

[Rustyf]

I recently looked at sale prices given to me by a broker and found that the last recorded brokerage sale of the boat that I was looking at was almost three years ago. Hence an appraisal involves an educated guess as to what the recession has had on boat prices.

[olgriz]

All this is good info. Bottom line—lots of people can't afford to keep their boats in this economy—can't berth them, can't maintain them. Prices have sunk because there are few serious buyers. If you've got money, you can almost name your price. If you're seller has to sell, you might be able to get the boat at 60% of asking price. Tough for the seller but good for you.

[wind_magic]

Originally Posted by olgriz

All this is good info. Bottom line—lots of people can't afford to keep their boats in this economy—can't berth them, can't maintain them. Prices have sunk because there are few serious buyers. If you've got money, you can almost name your price. If you're seller has to sell, you might be able to get the boat at 60% of asking price. Tough for the seller but good for you.

I basically agree with the above. Faced with a choice between house, car, and boat, most people sell the boat, and a lot of people are faced with that choice these days. We keep hearing people say that things aren't that bad, that boats are selling, it'll get better, etc, but it always seems to be someone who has a horse in the race.

[bjung]

It helps having a buyers broker, who can provide you with sold boat data (price offered, price sold, time on market, specs etc.) of the model you are looking at. I found that most boats sell between 10-20% off their initial price. Some sell even lower, possibly due to problems arising during survey.

[montenido]

How much does a buyer's broker charge? I assume that he is paid by the buyer, correct? I am kind of in the process of selling one and buying another.

Bill