Purchase Consideration Seafarer 26 - SailNet Community

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  #1  
Old 11-15-2011
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Purchase Consideration Seafarer 26

Hey All,
I'm new here as a registered user but have been lurking for quite a while and have found some awesome information.
I'm currently not a boat owner but actively looking for a boat. My plan is to live aboard the boat at some point and my budget is kind of low so I have been looking at abandoned boats at local marinas and came across a Seafarer 26, I really love the boat for the amount of cabin space there is on the given length. The boat needs some work and the price is yet to be worked out but looks to be in my range. I am not an expert on sailboat maintenance but would look forward to taking on a boat that needs some work as I have undertaken similar projects with no prior knowledge and enjoyed it.

Anyways, the boat:
Pretty good shape over all with a couple of red flags/unknowns to me.
First off the boat is abandoned so I have a lot of history but hope to gain a bit more from the marina owner.
The biggest is that there looks to be some standing water in the bilge. I dont know how long it has been there but it kind of worries me. Not so worried about how it got there (assumeing rain leaks which I would plan to fix) but rather how long it has been there (can sitting water like this damage a boat?)
The electrical system looks mid-overhaul which doesnt really bother me though I assume will equate to a big project.
The main sail is still on the boom and I think it has been there a while.
The engine may not have been winterized/stored correctly.
The interior is pretty messy with 'souvenirs' from the previous owner. I dont mind cleaning if it keeps the price down.

Those are the big worries to me. I am looking at about $1500 for the boat which I think is a fair price. I used the excellent boat inspection guides here but considering that this is going to be a project/require work some of the points were moot.
Anything else major that I should look for? Wheel spins freely with rudder, bottom paint in good shape, no cracks around keel, no indents in the hull stands, standing rigging looks decent.
Thanks a bunch for the help!

PS I am sure there will be some question to the size of this boat for a liveaboard but I am not worried about that. I live very spartan and its just me and my lonesome.
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Old 11-15-2011
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I'm thinking it's SailingDog (Sailnet member) who has a checklist/guide for inspecting a boat. You'll find it here on the site.

Does the prospective boat have an inboard. That'd be one of my main concerns. A bad outboard can only ever cost just so much, but an inboard.

You probably already know, $1,500.00 isn't necessarily cheap for an abandoned boat of that size. Could be a fine price, too.

Do avail yourself of SailingDog's guide.
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Old 11-15-2011
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$1,500 might be overpaying


a couple of inches of water in the bilge, no bigge.


From your description is sounds like a major project - wild guess 2,000 hours of hard labor and $30,000 to get back to first rate shape.
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Old 11-15-2011
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Thank you both for for the replies, sailingDog's guide has certainly helped me get at least as far as asking about this boat in more depth.
Interesting to know about the price, I will keep this in mind for price talks.
Engine is an inboard, my idea would be to get a good estimate to getting it going and failing that pull it out and get an outboard.
$30,000 eh? Much higher than I would have estimated but it is good to hear to help keep with reality though I think my first rate might be more of a second or third.
I'm going to go look at the boat tomorrow withe marina owner and will definitely do my best to go in with an unattached(to ownership) eye and will also discuss price. Thinking of trying to make a deal with purchase/storage.
Thanks!
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Old 11-16-2011
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Engine = $10,000
Prop = $2,000
Sails = $3,000
Running Rigging = $1,000
Standing Rigging = $2,000
Cushions = $1,700
bottom paint = $1,000
Electronics = $3,700
Insulation = $750
Heater = $1,500
Shore Power = $2,000
new Head = $300
Hot water heater = $300
Stove = $1,250

Missing anything ?
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Old 11-16-2011
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Why buy a project boat when you can purchase a relatively well-maintained version for a few thousand more in this market?
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Old 11-16-2011
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$1500 for an "abandoned" boat is a rip-off in the current boat market. Don't do it. There are too many unknowns with this boat, some are real biggies:

1. With all of the water intrusion, how many "freeze/thaw" cycles has this boat seen, that is breaking open large gaps around the various deck fittings, etc?

2. What if the engine was never winterized? You just bought a hull with a dead engine and a cracked block. If it was an outboard motor, no biggie but replacing an inboard is a rather large deal.

3. Sails. Left on the boom? For how long? If you're just planning on being a wharf rat, looking for dirt-cheap housing, this may not matter to you. If you plan on actually sailing, it's a big deal.

Come on man, I paid $4,000 for a Pearson 30 in sail-away condition. This marina owner is desperately trying to recoup money that the previous owner owes him, and get the boat out of his marina. Don't make his problem, YOUR problem.

Save up $500 more dollars, stop looking at abandoned boats in marinas. Check on Sailboat Listings - sailboats for sale, Boat Angel Donations | Charity Boat Donations | Donate Used Boat Now and Buy, craigslist and sleazebay. You can do better, and you'll be so glad that you did.
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Old 11-16-2011
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Quote:
Originally Posted by WDSchock View Post
Engine = $10,000
Prop = $2,000
Sails = $3,000
Running Rigging = $1,000
Standing Rigging = $2,000
Cushions = $1,700
bottom paint = $1,000
Electronics = $3,700
Insulation = $750
Heater = $1,500
Shore Power = $2,000
new Head = $300
Hot water heater = $300
Stove = $1,250

Missing anything ?
Let's revise this a little bit. It's a Seafarer 26, not a Gulfstar 50 for Christ's sake.

Even with installation, a total repower shouldn't exceed $6 or $7,000.
Shore power? $300.00 Where do you get $2k from???
Electronics? A handheld Garmin on sale at WM $179.00.
Hot water heater? Where would he install it? Just use the marina shower.
Stove- An Origo 4000 is $340 at Defender.com
Bottom paint- A gallon of Micron Extra is $250.00, and would give adequate coverage of a 26' hull. It did on my P30. Let's say $375 for haul-out and launch to do the work.
I'm betting you're wrong on the prop, but I have no data at the moment.

The rest, you're probably pretty accurate, but there are significant adjustments to be made to that list.

Still, $1500 for an abandoned boat that is nothing more than a huge question mark, is ridonculous. There are way more better deals out there.
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Old 11-16-2011
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Including all the bits and pieces that will need to be replaced along with the main listed part. that $340 stove will end up costing close to $1k once all the piping is included.

Shore power - assume panel, inverter, and all wiring is shot

The numbers might be a tad non the high side , but ultimately not by a lot.
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Old 11-16-2011
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I can't really speak to this boat. I'm searching for a first boat myself.

But....

Every "I'm fixing a boat up" blog that I have read, and I have read quite a few, have a common theme. They all, in one post or other say "Much higher than I would have estimated". In time, and in money.

If your budget is so limited that you are looking at abandoned boats, you need to ask yourself if you have the budget to do the repairs. And storage fees, and marina fees, and tax/registration fees, and any insurance a marina might require.

Look at a few boat restore blogs, and judge if you are up for that kind of time/money investment.
Pearson Triton #381 Glissando | Restoring, Maintaining, and Cruising a Plastic Classic on the Coast of Maine
Pearson Triton #680
yeah... I have a thing for tritons.

And Sailnet member Tommays has a great blog as well.
CAL 29 Sea Fever
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