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Gregrosine 02-16-2013 01:34 PM

Catalina value
 
This will be our first boat. There is a 1987 Catalina 36 foot sailboat. It's in good condition. It's been upgraded with an in-boom mainsail furler. It's for sailing on Lake Michigan. We are considering placing an offer but are looking for guidance on what the market value might be for a similar boat. We know it will depend on a survey, but are looking for some rough ideas of the price point on this year of boat. Any guidance?

Navigator Wannabe 02-16-2013 01:48 PM

Re: Catalina value
 
1987 Catalina 36 with in-boom furler in good condition: 41k.

Quote:

Originally Posted by Gregrosine (Post 990934)
This will be our first boat. There is a 1987 Catalina 36 foot sailboat. It's in good condition. It's been upgraded with an in-boom mainsail furler. It's for sailing on Lake Michigan. We are considering placing an offer but are looking for guidance on what the market value might be for a similar boat. We know it will depend on a survey, but are looking for some rough ideas of the price point on this year of boat. Any guidance?


Faster 02-16-2013 01:58 PM

Re: Catalina value
 
This can vary widely both with condition, and regionally. These are popular boats.. and there were many built so there's no shortage of examples.

Check out this C36 search on Yachtworld.com for a range of asking prices, you can probably generally deduct 10% or so on average for sold values. It is a buyers market so you're in a good place. I'd say that on average you'll find the prices range from the 40Ks to 60Ks depending. btw, an in-mast furler is not a 'plus' for everybody.. whether that's a good thing or not is kind of up to you and your preference.. for me it's not an added value..(actually a deal breaker). YMMV....

1985 catalina Boats For Sale

paul323 02-16-2013 03:02 PM

Re: Catalina value
 
Quote:

Originally Posted by Faster (Post 990944)
you can probably generally deduct 10% or so on average for sold values

In this market, is 10% below the asking price the normal selling price? I would have guessed it closer to 20%. Of course, too many variables to generalise, but if the boat has been on the market for 6 months, you have got to put an offer under the asking price. And generally settle somewhere in the middle.

How hot is the boat market in Michegan? A lot of inventory? Factor that into your expected sale price. It's always a negotiation.

Faster 02-16-2013 03:11 PM

Re: Catalina value
 
Yes, of course it's hard to generalize and 10% may be minimal.. but didn't want to create unhelpful expectations...;)

Definitely regional factors as well as many others, including the seller's personal situation...

chef2sail 02-17-2013 12:40 AM

Re: Catalina value
 
Have your or a brolker bring up what the comporable Cat 36 have sold for in the last 3 years. Not the asking price but the actual selling price. You picked one of the most popular made boats and a good one. There are many good choices

There are many factors which can geatly swing prices of same boats...Faster mentioned some, I will add age of engine and condition, maintainence records, upgrades, rigging, sail newness overall appearence and care of the hull and also the interior.
These are Catlina listings
YachtWorld.com Boats and Yachts for Sale

If you ate settled on the 36 Catalinas...look around the country for the best one. It might pay to have it shipped or delivered,

If this is the boat, it looks ok from a pitcure glance.

Interior looks like it ewill need to livining up and wish there were more pictures. Cradle and winter cover ( which is important where you are) will run you over $4000. They dont list engine hours or the age of the sails. AC/ heat is nice but what year. Electronics is ok...but is old.

View Boat Photos - YachtWorld.com

This one has upgrades in elctric systems, tall rig, inner forestay, new cushions, davits, radar pole,

http://www.yachtworld.com/core/listi...url=&imc=pg-fs

This one looks like in better condition and is $10,000 cheaper even if you shipped it its cheaper
http://www.yachtworld.com/core/listi...oat_id=2527300

This one is very nice...1990 and really low engine hours and in your area. I like it condition best
http://www.yachtworld.com/core/listi...oat_id=2544512



Dave

Gregrosine 02-17-2013 09:11 PM

Re: Catalina value
 
Thank you to all who responded. You have been a great help. I just wish it were summer! It's cold looking at a boat on the hard in 18 degree weather.

DRFerron 02-18-2013 11:32 AM

Re: Catalina value
 
In addition to what everyone else said, when we got to the point where we had a survey done, after it was over the surveyor told us what other boats of the same model and year and in comparable condition that he surveyed sold for. We took that into consideration (sorta) when we adjusted the after-survey offer.

SailingJackson 02-18-2013 01:10 PM

Re: Catalina value
 
Quote:

Originally Posted by Gregrosine (Post 990934)
This will be our first boat. There is a 1987 Catalina 36 foot sailboat. It's in good condition. It's been upgraded with an in-boom mainsail furler. It's for sailing on Lake Michigan. We are considering placing an offer but are looking for guidance on what the market value might be for a similar boat. We know it will depend on a survey, but are looking for some rough ideas of the price point on this year of boat. Any guidance?

Looks like we're talking about this boat in Holland.

Other factors are the 1) winter cover, 2) decent canvas 3) reverse cycle air conditioning, 4) upgraded fridge, and 5) wing keel.

I wouldn't give much for any of the electronics on the boat, but some of the stuff I've listed above adds a good deal to the value. In particular, with Lake Michigan at record low levels, that boosts the value of shoal draft. Years back when the lake was nearly this low there were dozens of 6' draft boats offered at give-away prices. As long as the lake stays low shoal draft will add to the value of your boat and add to your freedom as to where you can get into.

In addition to a survey, you need to ask questions about the engine. That boat has been in use 26 years and he has not listed the engine hours.

You can also get lots of support over at Catalina 36 International Association Forums - Powered by vBulletin. I'd agree with another poster of around $40K. $38K would be a great deal, but $45K would not be unreasonable if the survey supports it. Don't survey in this sort of weather, wait until it warms up and the surveyor will be able to investigate a little more thoroughly.

GJ

chef2sail 02-18-2013 06:18 PM

Re: Catalina value
 
I am confused here about this after survey offer.

Generaly the order of business is for the buyer to inspect the boat...once you decide to buy it make an offer. At this point a back and forth between the owner takes place until you either walk away or find a mtually agreeable price. A contract is drawn up and a 10% down payment is made. The contract is made pending the results of the survey.

Buyer pays for the surveyor, buyer pays to have boat put in water if on the land sroed, buyer pays for haul out and re winterization.

Survey can take place before this and then if all is going well sea trial takes place. If the Buyer finds all ok and no major chages occur and sea test shows well then the buyer oks and the price of the contract is enforced.

MOst sales I have seen there is no new renegotiation unless there are some real issiues that were not disclosed beforehand or the engine doesnt work or the hull is in bad shape. I have seen a liitle allowance for other stuff, but there is a signed contract.

There is no second period of negotiations unless the buyer doesnt like things found not to be sound via the surveyors findings. If a few minor things needed to be repaired that would be negotiasble as to who and whether that came off the price or was incurred by the owner.

If I was selling a boat and someone tries to renegotiate me down after the signed the contract thinking they had a second oppertunity I would tell them to stuff it.


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