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Old 12-11-2010, 06:02 PM   #41
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dwhatty's Avatar
City: Home Port: Buck's Harbor, Maine
Country: USA
Vessel Name: "Emily Anne"
Vessel Model: 2001 Island Gypsy 32 Europa (Hull #146)
Join Date: Sep 2008
Posts: 2,606
Money Matters

We bought our current boat in 2008 for 13% less than asking but part of that was a reduction in contract price due to survey identified problems that we then had to fix on our own dime. Survey valuation was about the same as asking.

We sold our old boat in 2009 for 100% of what we were asking. We actually sold her twice at the the same asking price (first buyer couldn't complete the transaction) and ended up with 46% more than what we had paid for her 22 years before (due mostly to large forfeited deposit from first buyer). Survey valuation was about 20% more than asking.

-- Edited by dwhatty on Saturday 11th of December 2010 08:04:43 PM

-- Edited by dwhatty on Saturday 11th of December 2010 08:23:55 PM

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