Thinking about buying my first boat. Am I crazy?

[MarkSF]

Originally Posted by Pointy_End

You know, I am afraid to low ball and I don't think I'm alone. I think it's partly because I'm worried about offending someone, but also I'm not sure what the difference between a lowball offer and a ridiculous offer is in the boat world.

Let's say someone is asking $10k. Assuming average circumstances, is $7k to $8k an expected offer, $5k lowball and $2k ridiculous?

Yes, I would say that's about right - if the 8-10K asking price was reasonable.

In my case the broker gave me the soldboats printout for the last dozen similar Bristols sold, which gives you the initial asking and sold prices. Using this I decided that a 20% low first offer was reasonable.