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![]() wrote in message oups.com... The book does not dictate a price, but it can be an effective tool while negotiating. ********** Nonsense. You might as well rely on saying "My brother-in-law says your boat is only worth XXXX. Put yourself in the seller's shoes. When the seller listed the boat, it is very probable that he did some research on the local market that included sales trends and selling prices for boats similar to the one he is selling. To put yourself in the seller's shoes, imagine you put your house up for sale and, rather than throwing a dart at sheet of numbers on the wall, you priced the boat at or just slightly above the prevailing price trend in your area. Let's say that after you had your house listed for a week, an offer for half price is presented by the broker. When you say, "That's almost an insult! What makes this guy think he can buy my house for so much less than my neighbors are selling their houses for?"....how quickly would you cave in when the broker replied, "The buyer went on the internet, found some site where a group of Automobile Dealers has expressed an opinion about the value of your boat, and as far as he's concerned that's all its worth"? We actually *do* agree on one thing. Knowing the actual, recent, local price tendencies for a boat can be an effective negotiating tactic. This information is available, (I described how to obtain it earlier in the thread), and useful. Using some fairy tale number from a discredited source won't cause an informed seller to give his boat away at half price. Ain't gonna happen. Now of course if it were a political debate instead of a boating transaction, the guy with the phony numbers would just keep repeating them over, and over, and over again until everybody else began believing they might be true. :-) Chuck, what is your opinion of the BUC personalized evaluation/pricing service? http://www.buc.com/index.cfm?fuseaction=pes We used it when we sold our boat and found it to be a good tool. |
#2
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I haven't used BUC for a while.
BUC pricing was typically on the high side if one began using the factors for "better than average" or "bristol" condition. What seller doesn't believe that his boat is better than average, maybe even bristol? Without using the multipliers, the pricing seemed fairly realistic. BUC makes an effort to identify obvious regional price trends, and trends pertaining to specific types of boats. That's a good thing. IMO, BUC is more often the "seller's book". (Surveyors typically used BUC book valuations when appraising boats for charitable donation, as the final number "adjusted for condition" was usually somewhat above market). BUC at one time was the defacto price and multi-listing program from brokerages. They finally got their pricing up to some ridiculous per-minute charge for being on line and Yachtworld has effectively assumed the position. (Only a few years ago, Yachtworld was still under $200 per month for a broker's subscription). However, now that Yachtworld is charging almost $500 a month for brokers who use the full extent of the service there is a lot of room for somebody to come in and do a better job cheaper. I still believe the best source of current regional sales information is the sold boat database available to brokers on Yachtworld. You have to look at the numbers carefully----- some brokers just routinely report that every boat they sold was at full asking price........yeah, right. Need some oceanfront property in Oklahoma? :-) {The majority of brokers do report accurate selling prices} |
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