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Old 10-07-2011
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How to placed value on a boat you want to buy

I am interested in a 36' sailboat, and found what I think is a good deal, but how to be sure?

Is there a KBB of sailboats to use as a guide?

Thanks

Jeanneau Sun Odyssey 36.2

Year of Manufacture 1999

Last edited by BJSoCal; 10-07-2011 at 09:08 AM. Reason: Added boat and year
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Old 10-07-2011
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Survey, BoatUS Value Check, searching yachtworld for comparables
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There was a survey done, but there was no value recommended on it. I've checked other sites and only found a few similiar boats currently for sale.. I'll check Boat US, thanks
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Old 10-07-2011
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There's definitely a KBB for it, but you can also call your bank/credit union and they'll be happy to give you the "values". Take those numbers and then factor in the survey, plus some comparison sales and you'll get a really good feel for what it's worth. Make sure on the comparisons, though, that your using boats that have sold in the past 2 years or less. This economy means it's a buyer's market and prices have dropped exponentially. Good luck and keep us posted.
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Old 10-07-2011
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From and insurance standpoint at least around here the survey put on a value based on condition and comparable sales
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Old 10-07-2011
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The best source I know of is the history of sold boats available to brokers on Yachtworld.com. If you are not working with a broker, you need to hit one up for a favor.

However condition and equipment cause a great variation in the value of a particular vessel, so if you are able to get sale prices, you need a copy of the listing and some insight into condition to be able to create the appropriate adjustments to develop a value for the particular boat you have in mind. Its just like with buying a house: comparing three bedroom, two bath ranches gets you a broad range of values...to make any use of the information, you need to adjust for factors like: busy street, big yard, needs new roof, has central AC, freshly painted, etc...

I create an Excel spreadsheet to track and organize adjustments on sold values, if you do this properly and get 4-8 comparables, you can start to makes sense out of the data, and come to a reasoned value for the unsold boat.


Then you need to decide how badly you want the boat, but you at least know where you should be price-wise.

Asking prices, or even sale prices of similar boats that you cannot adjust, are pretty useless.
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Old 10-07-2011
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this is a free site where you can research what boats actually sold for.
Boats for Sale - New & Used Boat Sales - BoatQuest.com
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Old 10-07-2011
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Quote:
Originally Posted by QuickMick View Post
this is a free site where you can research what boats actually sold for.
Boats for Sale - New & Used Boat Sales - BoatQuest.com
where do you get any sold boat prices...it is just another eweb sales site...not even a lot of boats.....??
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Thanks for the feedback.

From various sources I came up with 58k - 76k, so at least it gives me a ballpark to start from.
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BUC and NADA

Boat Values, Prices, Evaluations, Used Boat Price Guides - BUCValu

you can register for free and get values ...

also Prices & Used Values for Boats, PWC, Outboard Motors & Boat Trailers
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