On Mar 12, 1:33�pm, Short Wave Sportfishing wrote:
On 12 Mar 2007 12:54:54 -0700, "Chuck Gould"

wrote:
Bringing us back to the original point, I think it may presume too
much to tell the original poster that he overpaid by 40%, and probably
more unless the boat is in bristol condition. Yes, your NADA book
supports that- but the fact that there are almost no boats for sale at
that price level and most are substantially more carries more weight
than what NADA says the market "should be".

I take your points - all good ones.

However that does not negate the obvious fact that NADA book pricing
for both trade in and retail are the values used when setting boat
prices no matter where you live.

That's a fact. *There may be individual market fluctuations that make
a boat's value go up or down, but on average, NADA is the book used
and thus reflects the relative value of the vessel.

The only other way to price a boat is via BUC and when I asked, the
BUC value was about 5/8% higher than NADA.

For instance:

In my zip code, my 2000 Ranger with 2000 FICHT with trailer has a low
value of 14,700 and a average value of 16,800.

For Charleston, SC, it's exactly the same number.

For Fort Lauderdale, FL it's about $500 higher on both ends.

Based on that, I would think that the boat is worth about that and
based on what I'm seeing, it is.

Now with 16,000 of new engine, to me it's worth a lot more, but I
seriously doubt that I'd get even close to 32000 if I decided to sell
it.

By the way, how did you get that search report? *I can't get more than
11 boats listed.

I should have included with my other reply:

There are resources available to professional brokers and dealers that
allow a closer look at the actual *selling prices* of used boats. One
such resource is
the boatwizard program available to subscribing brokers through
yachtworld.com. There are limitations to these sites, as well, but
they are better than NADA. On the sites I'm referring to, brokers
removing sold boats from the yachtworld inventory have the option of
reporting the actual selling price. To be sure, there are some brokers
who are either the world's most effective negotiators or who aren't
being honest- as every one of their listings is reported sold at full
asking price. (Makes a great, and probably greatly dishonest, tool to
use when competing with other brokers for listings. "See? List with
me! All of our boats sell for full asking price!") By factoring out
the known story-tellers, it's posible to get a very concise look at
actual market transactions on a specific make and model of boat in a
specific region.

The prices at which boats are actually selling determine the true
market value.