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Old 12-09-2010, 06:18 AM   #21
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RE: Money Matters

69% in 2005
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Old 12-09-2010, 07:26 AM   #22
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RE: Money Matters

75%, in 2005, knowing I'd need to put a chunk of $$ back into the boat (electrical re-work, incl new gauges, etc, bottom paint, injector pump rebuild) right away.

Probably could've got it for less, but made the mistake of taking the Admiral on the initial shopping trip, and she got "invested" in the boat early, making a walk-away negotiation pretty much a non-starter.

Over the past 5 years I have several more boat units of outside yard work on transmission rebuild and stern tube replacement, so I doubt I could sell it for what I have in it.

Still, when we bought her, the boat already had a 5kw genset, 2000A inverter, radar, thruster, A/C, new leakproof windows, inflatable and 6hp outboard, teak decks removed, etc.

We have completed many cosmetic and other DIY projects, and if I HAD to sell her it would have far fewer issues than when we got her.

But, like they say, it's still a hole in the water....etc
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Old 12-09-2010, 09:18 AM   #23
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RE: Money Matters

71% (after pointing out all the things that needed to be fixed/changed.)
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Old 12-09-2010, 10:03 AM   #24
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RE: Money Matters

80% in 2006 and the boat was absolutely Bristol.
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Old 12-09-2010, 11:27 AM   #25
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RE: Money Matters

100% in 1997.

Never fall in love.
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Old 12-09-2010, 12:02 PM   #26
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RE: Money Matters

50% but I walked away from the boat three times and had a long list of immediately needed repairs to keep the boat afloat. But I went in looking for a project boat and got one. If you are looking for a turn key to walk on and enjoy right away or you fall in love with it and the seller will know, you can expect to pay 80-100%. GOOD lUCK
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Old 12-09-2010, 03:08 PM   #27
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RE: Money Matters

Quote:
markpierce wrote:


markpierce wrote:

100 percent of the builder's asking price.
Ooops, I forgot about the builder-offered $20K discount since the steel hull had already been constructed.* The builder is also including a radar set as an incentive for me making progress payments.

*

"Carquinez Coot" as in Carquinez Straits?

*
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Old 12-09-2010, 03:11 PM   #28
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RE: Money Matters

Quote:
KJ wrote:

"Carquinez Coot" as in Carquinez Straits?


*
Yes, as in Carquinez Strait.

http://en.wikipedia.org/wiki/Carquinez_Strait

*
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Old 12-09-2010, 07:28 PM   #29
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RE: Money Matters

In the last month I have sold 3 boats for :

90% (1989 72' Hatteras in great shape and buyer looking for a refit/update project)
66% (1985 43' Hatteras in great condition, owner moving)
73% (1968 Wood grand banks having completed full restoration but owner wanting to move to 42' glass GB)

I bought mine for 55% two years ago in the beginning of the so called great depression, but have since invested 175% of what it was bought for getting halfway through a complete and major refit.........

Most of the buyers come in saying** "I don't want to offend the seller with my offer" and are surprised when they come down substantially with little negotation after having spent the last two years trying to get rid of it. We have seen a substantial increase in traffic since the elections, and nationally, powerboat sales showed a slight uptick in November.....also starting to get some deals financed again so maybe the light at the end of the tunnel is starting to get brighter....
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Old 12-09-2010, 07:53 PM   #30
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RE: Money Matters

Tim God help us that they dont impose a tax like they have in Horry SC on slip rental...*
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Old 12-10-2010, 04:23 AM   #31
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RE: Money Matters

This would be a temporary problem as it is so easy for boaters to "Vote with their Feet".

Income for the grubs would drop , probably 90% and it would soon end.

You could probably purchase a bankrupt marina at the cost of a couple of years slip fees.
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Old 12-10-2010, 11:11 AM   #32
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RE: Money Matters

since we're talking percentages here, is anyone willing to share how the sale price compared to the survey valuation?
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Old 12-10-2010, 11:44 AM   #33
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RE: Money Matters

My recent purchase ended up with sale price ~90% of survey valuation.

Dave
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Old 12-10-2010, 11:45 AM   #34
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RE: Money Matters

Quote:
Egregious wrote:

since we're talking percentages here, is anyone willing to share how the sale price compared to the survey valuation?


My recent purchase ended up with sale price ~90% of survey valuation.

*

Dave
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Old 12-10-2010, 12:47 PM   #35
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RE: Money Matters

Quote:
Egregious wrote:

since we're talking percentages here, is anyone willing to share how the sale price compared to the survey valuation?
Our survey valuation exceeded the purchase (and asking) price of the boat by about $15,000.

*
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Old 12-10-2010, 12:53 PM   #36
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RE: Money Matters

Our survey price exceeded the selling price, which was also the asking price, by about 10K
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Old 12-10-2010, 01:59 PM   #37
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RE: Money Matters

70% of Survey** 30% of original asking.** Nobody wanted to buy it except my wife and the owner had just gone through a nasty devours.* *So out of spite to her Ex, she just wanted to get out from under the debt and month expense.* Revenge is so sweet some times.* (-:
*
Fun story
*
My present wife when she decide she had enough.* She took her Jeep and smashed it into her husband truck all sides. **She could not smash the front so she took a tire iron and smashed the hood and wind shield.* Needless to say when her sister gave her a gun for her birthday I was a little nervous, and even to day I say Yes, Honey, What ever you say! Nothing is worse than a woman scorned. *
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Old 12-10-2010, 06:50 PM   #38
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RE: Money Matters

The results of this not so little unscientific survey:*
Looks like the average price paid was about 75% of asking price. Some folks paid up to 100% and one as low as 50%.* The year of purchase certainly seems to have been a major factor (state of the economy).* Thanks to eveyone for*your valuable input. I will sure be able to use this info come purchase time.**Knowledge is power. KJ*
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Old 12-10-2010, 09:00 PM   #39
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Money Matters

We bought "Adagio" our Island Gypsy 32 during the Summer of 2008.* We paid a full 50 % below the asking price!* She needed some TLC and the owner wanted her gone before another winter storage season.** So we struck a deal, she surveyed fine and we got a nice boat.* She had only 1500 hours on her 120 Lehman. We launched her in New Bedford Mass. and ran her down to Toms River NJ without any issues. She only used half the fuel she was sold with.* Her main problem was rotted window frames.* I spent a full six weeks replacing them- she looks great and has no leaks.** In 2010 I replaced the fuel tanks and lines and she is ready to cruise.* If I were*not retired and had to pay for labor on repairs like these it would have been less of a deal.

John and Miri

IG32* #25* 1983**** "Adagio"*

Toms River** NJ

-- Edited by JohnP on Friday 10th of December 2010 10:02:13 PM
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Old 12-11-2010, 05:32 AM   #40
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RE: Money Matters

"If I were not retired and had to pay for labor on repairs like these it would have been less of a deal."


Truer words were never spoken!!


And the new owner must be able to perform the work.
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