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Buying a Sailboat
Boat Buying Sailboat
I have been doing research on boat purchasing. It has been suggested that the NADA values of boats are relative to the asking price and not the actual selling price. As I understand that these values are provided by the brokers and therefore - the greater the price the more the commission - I wouldnt know if this was the practice or not. Although I dont think that on the average older 26 ft sailing crusier it would make a difference. What is considered the average lenght of time it takes to sell a older 26 ft sailing crusier? Many of the boats I have seen lack any detailing. Namely, it can be seen by how clean the heads floor is. Most boats at the 20 year mark probably need: - rudder rebuild - standing rigging replacement - running rigging replacement - bottom paint - motor maintenance or replacement - battery replacement - many have original sails - cushion replacement and uphostering - port lights The most signicant would be deck moisture or delamination. On a older 26 ft sailing crusier that needed a recore what would you figure as a price of this repair and how much would or should it effect the purchase price? How would you figure what the value of a boat was given the above or combination thereof? Would the cost be: -what it would cost to have a third party do the work like the Yard Or -would you figure what the cost of the parts are and not consider the value of the work that you would do yourself. How would you determine what the actual worth of the boat is? As a percentage, is there a standard that you would use to make an offer less than asking price? ---------------------- "Consider an offer that is 20-40% below NADA value. Adjust your offer based on the seller's situation (see Types Of Sellers above.) If you get a remarkable deal, go with it. If not, tell the seller that you will leave your offer on the table for a couple of days." "Its always a buyer's market for used boats. You owe it to yourself to get the best deal possible. Remember, you're going to have to pay to repair some hidden things after you buy the boat. Those hidden things were likely not disclosed by the seller whom you may feel bad about "low-balling." Besides, many sellers will just be happy to get rid of their boat. Use this to your advantage. Sellers may frown at your initial offer, but secretly most will be happy to have some action." http://www.firstboat.schoolreference.com/ ---------------- -Good thoughts on the logic of "low-balling" on the purchase price. Please respond to forum...Thanks |
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