Cal 28, Worth the Price?
Okay.. I am thinking about purchaseing this CAL 28. He wants 19500 for it.
Facts: Year: 1987 CAL 28
Sails and Rigging
150% roller furling Genoa
Tapered anodized deck stepped mast
Jiffy mainsail reefing system
SS wire standing rigging
Electronics and Nav
DataMarine LX50 Speed, Distance compass
Standard Horizon Intrepid VHF radio w/masthead antenna
CDX-MP40 CD changer with XM, Mp3
Westerbeke 13.5 HP fresh water cooled diesel (1100 hours)
Engine panel and controls in cockpit
Edson manual wheel steering w/32" wheel
Manual marine head w/holding tank
Deck fitting for waste discharge
Manual and electric bilge pumps
110V & 12V DC ship's service
Master AC and DC electrical panel
2 marine batteries w/selector switch
So lets assume this boat is in Pristine Condition.. I still think 19500 is still way too high. The guy says he is firm on the price.. But if he doesnt want to move then I am going to pass on. I mean it is a nice boat and in great condition but I think he is too high...Plus it is a buyers market, not a sellers market.
Link:1987 CAL Sloop Sail Boat For Sale - www.yachtworld.com
Anyone else care to comment?
Thanks for your opinion!
If the boat is in the same condition as the photos, and the sails are in good shape, standing and running rigging are not original, have it surveyed. If it comes back with flying colors then it is worth what you think it is and offer him that much.
If it where me, and the all of the above was good;
I would set up a meeting with the owner and surprise him with an offer of 15K in cash to close immediately.
Three $5000 wraps of hundred impress a lot of people unless they work in banks or casinos. :D
Thanks.. that is funny about the wraps.. Maybe I should do that.
One quick comment, the order of buying a boat is:
THe Cal 28 is a nice racer/cruiser and I would consider that price a reasonable asking price for one in good condition...you can only find out how firm the price actually is by making an offer.
Tanley bought one of these in 2009 and he seems to have been happy as a clam since, you might try PMing him to discuss Cal 28 values.
If the pictures represent the boats current condition it looks very well kept
Even if in pristine condition..
I wouldn't spend more than $15K for it and $15K is pushing it. I think the boat is worth $13-14K.
While it may look nice in the photos, downside features:
If you did buy her, plan on spending another $2-3K to within a year to "fix" stuff and make it the way you want it.
Personally, I'd look at the boat, if you like offer in the $13K neighborhood. If owner is firm, walk.
The Cal 28 is a nice boat. There are two in my club. I own the larger brother of the 28 - the 33-2. Above average construction, very nice layout, and a good sailing boat. Asking price seems to consistent with others listed. I would guess mid-teens is about right for the selling price assuming the survey shows no major issues.
Given that $19,900 is the asking price, it's not really out of line. If you are really interested, make an offer 15-20% lower and start haggling (if you start any lower, he'll probably just blow you off). If the boat hasn't been on the market long, don't expect to reach a deal for less than 10% below the asking price. And like everyone else has said, get a survey. On a 25-year-old boat there will almost certainly be something you can use to get the price down a little more. But, don't get too greedy... since the owner is going through a broker, you're not gonna get a fantastic deal. A good deal, maybe...but not a fantastic one.
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.
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