Join Date: Nov 2013
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sweet spot price wise for buying an older boat
this is a bit of a follow up to another post - but since there seem to be a number of posts lately about where to find the best buys I thought I would add my 2 cents.
First not talking about buyers who have a large budget - not an area that I am that familiar with ( too many kids)
But people looking for a boat 36 feet or under - an affordable boat, not a rehab job.
It seems there is a sweet spot for boats under 25K and older than the late 80's - generally they are not boats that a broker will be interested in, they will be very hard to finance - need to pay cash, boats that are too big to trailer and need to be kept in a slip or on a mooring - but not too cheap - when you find 27' feet and up sailboats in Florida that are under $5K to start to attract buyers who are looking to live on it - they are not really sailors just want a cheap place to live.
There is a lot of junk out there but also lots of good bargains - Erickson 30's, Cal's 29-34's for example
If you don't need something newer, with the bigger beam but want a good sailing older design - the buys are out there just need to do a lot of looking.
There are tons of sailboats sitting at docks where the owners have changed their plans - or possibly an aging or dead baby boomer who's family is trying to unload boat - key is to find one that has been maintained.
The hurricanes from about 12 years ago, the great recession , the lack of any new affordable marinas have killed middle class sailboat ownership of boats that need to kept in a slip. Adventure sailing seems to be on the rise, Evergaldes Challenge, the race to Alaska - that sort of thing , PHRF racing is dead or dying in many areas of Florida, all this leaves an a lot of 25-35' sailboats languishing at the docks. The problem for sellers is how many buyers are out there for that type of boat? If your boat is cheap enough, under 5K you can find a buyer - but tough to find them for a older boat in the $10K -$20K range, at least in Florida. Great to be a buyer though - but just remember the same when you go to sell it - buy low sell low is a good motto.