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Whadda ya think the average number of months a boat for sale sits as a listing before someone comes with cash? I'm looking for the next boat and have ID'd a few to look at prior to a survey. Wondering if time is on my side because I have so little of it. Don't get me wrong, once I own the boat it will be minutes from home and I can get plenty of sailing in.
Along the same lines, there are many old IOR raceboats that are no longer competitive as racers nor easily handled as cruisers, without some extensive modifications, lingering on Yachtworld for fairly low prices, along with some unrealistic seller.
Its not about "that' boat. OK your a Pearson guy P 36's on sailboat lists great lakes to east coast take your pick mid $20000. Point being the boat market is flooded. Pick about any type of boat.
I wish the market was flooded but its not. For those of us seeking high quality boats there is very little to choose from. The market is flooded with cheap unwanted junk though.
I planned for a year and sold in less then a week - yikes. The boat was very clean and very well taken care of. I was serious about selling and the first buyer was serious about buying and had done his homework. We both walked away happy.
It's amazing how many dirty, smelly and poorly maintained boats are out there.
I would say the market is saturated with less than desirable boats and the good ones sell fast. Honestly, the brokers have really been pretty dead on for price of sale and length of time to sell.
I've seen boats that look like the owners just walked off after a weekend partying, sheets on the bunks, food in the refridge rotting, smelly books. Ick.
There is a Cabo Rico 38 just sitting in the slip across us. Its' been for sale for years. Every storm beats her up a little more, the canvas shreds a little more. I almost tried to convince my wife to let me buy it to save her... but then I came to my senses.
I listed my boat and sold it in less than a week on craigslist. I had three buyers lined up for showings on Saturday and the boat was sold by 0830. Catalina 27, $5000 in May 2012 in San Diego. The boat was presentation ready and priced to sell.
Reasonably priced to sell, bristol condition and not a project. Not like a bunch of over-priced ill maintained stuff you have wade through out there. Most of the time $5000 is the asking price for the hull.
That's easy, d0n. You can't get a sale unless you get the customer in the door. If you've got the contract with the seller, no one else does. So you take both off the market and when things are slow you can adjust them down. Or not waste much time on it. Have you ever noticed many brokers didn't waste any time finding out details? "Here's the listing, have a nice day."
I'm not saying that's the best way to do it, just that it is done that way quite often.
I suppose I can understand that. But then, it seems to me like it doesn't take too many like the above, where the seller ends up bad-mouthing the broker all over town, to make it not worth the occasional, eventual sale.
I guess what I'm thinking of is the real estate brokers office that I worked in a couple of summers, back when I was a kid. I know that he would refuse to list houses if the owner was not realistic about a price. Said it wasn't worth his time, and that it made him look bad if he carried a bunch of houses that never sold. I would think the same would apply to boat brokers, but maybe they don't think of it the same.
As one that's been in the market I'll say that all the listings of unmaintained boats in poor condition and of unreasonable owners' asking prices makes it tough to pare down what is a good asking price or offer for a boat.
Both boats, same year and make that I'm looking at are asking almost double the nada guide. I don't want to insult anyone. But that just lowered my first offer. I understand its a dance between buyer and seller. They gotta say yes before you buy the flowers.
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