list price vs purchase price - Page 2 - SailNet Community

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Go Back   SailNet Community > On Board > Boat Review and Purchase Forum
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  #11  
Old 04-14-2011
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I always try to find out what boats sell for around my marina. It seems that boats that are worth it normally sell for their list prices, while boats that are listed to the owners nostalgic value often eventually sell for less than the list price. If your price range is 10k I would think most people selling a boat for 10k that just needs to be gone will sell for 9k, it never hurts to make an offer and let them say no or counter. I just watch a boat go from 10k and to 8k then sell for 7k. A Saga 40 at our marina was listed at 225k and is now listed at 175k because they need to sell. It would be crazy to think you could up your price range in the low end of the market. I normally only look at boats that people just want gone, you would be surprised at the great deals people get on excellent boats all of the time, it goes without saying though that more people make poor choices and buy a boat on ebay for $1000 that needs 10k of work but is only worth 5k in amazing shape...
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Old 04-14-2011
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Quote:
Originally Posted by MarkSF View Post
If buying from a broker, ask them to print the sold prices for you. Mine did it without asking. Then I made an offer 15% below the average sold price for the last year.

But this is one of those "how long is a piece of string" questions, as the selling price is dependent on so many variables - was the asking price high or low? What is the demand? What is the boats condition?

The dictionary defines value as the selling price when neither the seller nor the buyer are acting under duress.
Not all brokers accurately record 'sold prices' on soldboats.com. Ours was listed as having sold for several thousand more than what we actually paid for it.
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  #13  
Old 04-14-2011
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I paid 80% of asking price in November '10... I've since put 35% of what I paid for the boat into the boat plus a hundreds of hours of my own labor.. Today she's probably worth what the asking price was. Boats are a crappy investment.
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Old 04-14-2011
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Quote:
Originally Posted by eherlihy View Post
I paid 80% of asking price in November '10... I've since put 35% of what I paid for the boat into the boat plus a hundreds of hours of my own labor.. Today she's probably worth what the asking price was. Boats are a crappy investment.
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Old 04-14-2011
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Hah! Don't worry, I'm under no illusions about coming out ahead of the game. Right now I'm budgeting 16k for the boat, which leaves 6k plus any of the leftover boat fund for refit and updating. Does that seem reasonable? I can do all the work myself, but I may be looking at rerouting lines and other such non-trivial things.

If I'm buying privately, do I have any recourse other than BUC or the forums to determine what's a fair price?
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Old 04-14-2011
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A fair price is what the vessel is worth to you. No more, no less.
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