Cal 28, Worth the Price? - Page 2 - SailNet Community
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post #11 of 17 Old 05-04-2011
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Quote:
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A good deal in a boat is to actually get what you pay for.

There are many posts on this board about strategies of prices and percents, and they're all insensible stuff IMHO...in buying a boat you need to establish an informed value and and then be willing to pay up to that amount. The selling price and percents off have at best an unreliable relationship to value.
"Value" is a slippery concept when it comes to older boats. The value of a 25-y-o boat is really too "soft" to quantify with any real accuracy. It really all comes down to how much one is willing to pay for something that within a few years will cost (in maintenance, upkeep, moorage, et cetera) as much or more than the original purchase price anyway. Remember, the purchase price is just the beginning.

I'll stand by my above post: if you are really interested, make an offer, and try to strike a deal 10% below the asking price. That is probably about what the seller expects to get, if the boat is new to the market. If the boat stays on the market for a while the broker will convince the seller to lower the asking price a bit...and so on. If you really think the asking price is way out of line, keep looking at other boats.

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post #12 of 17 Old 05-04-2011
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Do yourself a favor and go look at it. Take lots of pictures and go over them when you get home. The more you see, the better you'll get at evaluating boats and your preferences.

Over the past few years, I've seen the Cal 28-2 sell for $5K more and $5K less than what this guy is asking. This one's been on the market for several months. There was another Cal 28-2 in Florida that was listed around the same time as this one. It is no longer listed on YW so I assume it sold. I'd expect that buyer looked at both.

PM me if you want to discuss consistent issues I saw with the Cal 28-2 during our search. I can also fwd a list of asking/sold prices from soldboats.com (not to imply those numbers are necessarily accurate).
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post #13 of 17 Old 05-05-2011
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If I understand correctly, you haven't even looked at the boat yet? I guess it's always good to see what knowledgeable folks (which pushes me near the side) think about the $$, but my first thought was "Go look at it and see what you've got!" Condition and upkeep are everything with a boat that age, and there can be a huge swing depending on it. Also, nicely kept boats are not the norm.

It doesn't seem like an unreasonable asking price if it's in good shape. And I don't see anything wrong with those engine hours for a well maintained diesel. Better it was used over those 20-some years than just sitting there.

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Northern Chesapeake Bay

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post #14 of 17 Old 05-05-2011
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"Plus it is a buyers market, not a sellers market."

I keep hearing that said, but see no evidence for it. As we all know, the ratio of rubbish to good for older boats is quite high. The really nice, well looked after boats that have realistic asking prices are selling fast around here, while the poorer and unrealistically priced ones are hanging around. Perfectly normal market, in other words.
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post #15 of 17 Old 05-05-2011
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Agree

Quote:
Originally Posted by MarkSF View Post
"Plus it is a buyers market, not a sellers market."

I keep hearing that said, but see no evidence for it. As we all know, the ratio of rubbish to good for older boats is quite high. The really nice, well looked after boats that have realistic asking prices are selling fast around here, while the poorer and unrealistically priced ones are hanging around. Perfectly normal market, in other words.
In the yard that I stored my boat over the winter, I know of at least 3 boats that were sold. All looked to be in very good shape.

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post #16 of 17 Old 05-05-2011
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Quote:
Originally Posted by arf145 View Post
... I don't see anything wrong with those engine hours for a well maintained diesel. Better it was used over those 20-some years than just sitting there.
Good point. Nothing kills an engine like disuse. I would be much more inclined to trust and engine that had been used regularly, warmed up completely each time it was used, and maintained properly, than I would an engine that was used as little as possible.

Never forget them. Do something to prevent it from happening again.
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post #17 of 17 Old 05-05-2011 Thread Starter
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Thank you

Hi Everyone,

I wanted to say thank you for all of the input. Yes I agree 100% that I need to go see the boat and look at it. But I wanted to just get a generalized feel from all of you about it first.

I agree the price of the boat in terms of being overpriced/underpriced/priced correctly has subjectivity tied into it. Personally, I am in absolute no rush and I havent even seen it so I am not attached at all. I am trying to be very objective about it (and obviously will need to go and see it). I really like the idea of going to take tons of pictures of it as well and then reviewing them at home and letting it melt in for a few days before I start to lean one way or the other.

Again, Thanks for all of the information/Advice.

Sincerely,
Steve
Jax FL
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