Difference between asking price and what boats are actually going for - Page 3 - SailNet Community

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  #21  
Old 09-03-2012
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Re: Difference between asking price and what boats are actually going for

Unfortunately for us owners, the brutal truth is the lowest denominator tends to set the market. So the 10-20 y.o. boat with no electronics, no AC, original equipment sails, standing rigging and most of the original running rigging and other questionable maintenance that sells for $X becomes the benchmark for that model and buyers don't want to pay $X+30% for the same boat even one that has 3 year old sails, new standing rigging, new electronics etc, even though it would cost them several times that to buy the benchmark boat and bring it to the same condition as the better maintained boat.
davidpm and scratchee like this.
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Last edited by PalmettoSailor; 09-03-2012 at 05:24 PM.
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  #22  
Old 09-03-2012
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Re: Difference between asking price and what boats are actually going for

Quote:
Originally Posted by PalmettoSailor View Post
Unfortunately for us owners, the brutal truth is the lowest denominator tends to set the market. So the 10-20 y.o. boat with no electronics, no AC, original equipment sails, standing rigging and most of the original running rigging and other questionable maintenance that sells for $X becomes the benchmark for that model and buyers don't want to pay $X+30% for the same boat even one that has 3 year old sails, new standing rigging, new electronics etc, even though it would cost them several times that to buy the benchmark boat and bring it to the same condition as the better maintained boat.
I can say as someone in the market there is a lot of truth to that. I look around to find the low benchmark and then try to justify the extra money that the others are asking.

Storm
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  #23  
Old 09-04-2012
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Re: Difference between asking price and what boats are actually going for

Look y'all, if we had all the money in the world, we'd give asking price for the boat we like best. We have enough money that we have one boat and are looking for another. We don't have enough cushion that we just throw down sticker.

This model is listed within a few K whoever is selling it, whatever the location. Maybe 10 or 12 of these across the US. What isn't known is what they sell for. The owner we are talking to says if it isn't sold in a month the next step is a broker so slip fees are gone, so slip fees are an issue... but where will the boat be while the broker is in charge and the boat leaves its current slip? And they won't even sail it themselves for fun while it's on sale.

I have felt that way myself but my spouse says that's nuts. "Not sail it because water might splash on the deck? Come on!"

Ah well.
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