How to placed value on a boat you want to buy - Page 2 - SailNet Community
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post #11 of 15 Old 10-07-2011
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I can't comment on the price but its a market thing, a boat is only worth what you can sell it for. So if you buy it at a price you are comfortable it will sell for the next day than its a reasonable price.

In our market in Australia, boats are selling for up to 50% below asking price because cash is king.
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post #12 of 15 Old 10-07-2011 Thread Starter
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Asking price was close to 80k and is now down to 60k.
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post #13 of 15 Old 10-08-2011
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Soldboat.com (connected with Yachtworld) has data on actual sale prices, but is only available to those in the business. The broker or surveyor should have access.
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post #14 of 15 Old 10-08-2011
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Remember many sellers have a totally unrealistic expectation of what their boat is worth. They may try to get back what they owe on it plus the $ they put into it.

The boat I bought recently, was originally advertised for nearly double the deal price.

Be very carefull with boats needing extensive work with potential for escalation. eg. Deck repairs.
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post #15 of 15 Old 10-08-2011
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One cannot buy a boat for less than it is worth to the Seller; nor can one sell a boat for more than it is worth to a Buyer. All the rest is commentary.

Offer what you think the boat is worth to you. If you and the Seller can come to an agreement, that is what the boat is worth. Generally in such circumstances, a buyer thinks he/she has paid a bit more than the boat is "really" worth, while the seller thinks he/she sold for a bit less than the boat is "really" worth. When both parties are mutually discontent yet still willing to compete the transaction, you have discovered the "real" value of the boat.

What someone else has paid, or is/was willing to accept, is irrelevant to your circumstance.

FWIW...

"It is not so much for its beauty that the sea makes a claim upon men's hearts, as for that subtle something, that quality of air, that emanation from the waves, that so wonderfully renews a weary spirit."
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