% Off of list, whats realistic?

[wkearney99]

It is known as a "wasting asset " to an economist.

There are, I suppose, worse ways to waste one's assets.

 

[Mako]

I’ve always liked the term “sunk cost” also

 

[greatguy00]

We bought our boat two years ago. We decided to submitt a lowball offer and were prepared to increase our offer. The broker called the next day and said that they had accepted our offer. Nice surprise, however, over the past two years, there isn't anything I haven't touch, fixed, repaired or replaced. Now, I think we are at the current market value for the boat! That was after the marine survey! in our case the vendor had already bought another boat! Don't be afraid to make an offer you are comfortable making.

 

[Lollygag1]

Consider engaging a broker. We did this and when we were ready to put in an offer he suggested we go $10k lower than we were planning. He explained why (it had failed a previous inspection, boat was on land which indicated owner was done with it and likely motivated and a few other nuggets.) Bottom line is we ended up spending less than what we were going to offer originally and had them pick up some of the minor items that were found in the survey.