Join Date: Sep 2011
Location: Liberty Landing
Thanked 1 Time in 1 Post
Rep Power: 6
I gotta say, there are alot of great deals out there. An uncle of mine, who has been buying/selling boats since way before I was born, told me not to be afraid to lowball, especially in this recessionary climate. But do it politely. Almost apologetically. "I'm sorry to lowball you, and I understand if you're not interested, but I have saved up x and just can't go much over that." Worked for me...
It is a buyers market today. If you are the only serious potential buyer, you will probably find out shortly because you will be getting plenty of follow up calls from the owner/broker. At least that was my own experience. Being too enthusiastic about the boat is like showing your hand IMHO. If you let the seller stew a few days that may help.
A boat that is unsold and sitting in a marina is negative cashflow, and after an owner realizes this there is lots of incentive to sell.
And yes, there are, and always will be, lots of poorly maintained "bargains" out there, that are more work/investment than they are worth. But I have seen plenty of well maintained boats out there as well in my recent boat search. Of course, I was looking at a smaller range (22'-27' loa), and this advice may be worth what you paid for it as the boats get bigger I just don't know...