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Old 07-24-2016, 06:38 PM   #21
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Originally Posted by Bruce B Wifey D View Post
I did a little aerial video of the boat this morning and posted it on YouTube. Nothing fancy, but shows a little more of the boat. My parents will be sad to see her go, but the time has come.

https://youtu.be/UCGe87-_I_I
Nice video. Taken with a drone???
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Old 07-24-2016, 06:46 PM   #22
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Nice video. Taken with a drone???
Yes, I have a little DJI Phantom. Nothing fancy, just for fun. And it is fun!
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Old 07-24-2016, 06:58 PM   #23
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Really like the Willard 40. Went to Lapaz Mexico to look at the last one built. This one is in a little nicer shape. In 2013 the market value was more like $250K. We were back and forth at $225K because of it being in Mexico. Would probably have bought this one if it had been on the market back then. No regrets with what I have now.

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Old 07-24-2016, 06:58 PM   #24
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Used boat prices....

Anyone that's ever sold a used boat has been there. We've all had the experience of having poured tons of money into a boat, and after draining our bank accounts into it, had the feeling that 'it has to be worth at least $xxx', or had a broker tell us 'let's list it at $xxx and see if someone might bite'.

In my own experiences of having bought, owned, and sold 13 boats over 45 years, that kind of wishful thinking rarely pays off. But, occasionally you hear a story of someone that got lucky, and someone came along and paid over market for a boat - and it perpetuates the myth and hopes that it might happen again. Sometimes I think those stories are the kind of urban legends that might have little basis in reality.

In 2010, when I was shopping for our last boat, I thought for sure I would buy used, to get better value for the money. I looked at a boat that was 4 years old, and listed for $399k. I thought that was over-priced, and offered $325k.

The broker was annoyed, and indignantly came back and said 'the sellers won't consider a penny less than $350k'. I passed, and ended up buying a new boat.

Fast forward 6 years. That same boat is still on the market (though I notice they've been through 3 brokers since then). It's now listed at $299k, and they'll be lucky to get $250k.

In addition to the $75k they're in the hole from my offer 6 years ago compared to what they'll probably get now, they also spent maybe $100k over 6 years in dockage, insurance, maintenance, etc. So, they'll probably end up $175k in the hole compared to a cash offer they had 6 years ago.

Another boat I looked at in 2005. It was also listed for $399k. I didn't even make an offer on that one, because the broker told me the seller was 'pretty firm at that price'. Again I passed, and bought a new boat.

Fast forward to 2013. 8 years later, the same broker calls me, and tells me the owner will take $150k for the boat. $250,000 less than they had it listed for for 7 years (I occasionally checked the listing, and the asking price hadn't changed for 7 years).

I know the pain of having poured far more money into a boat than it's worth (actually, almost every boat seems to fall into that category). The funny thing about the market for anything is, that unless it's very unusual circumstances, the value of something is set by what buyers are willing to pay for it, not what a seller has in it or think's it's worth.

Unless someone isn't really interested in selling (unless it's to a sucker that is willing to pay over-market), advertising something for an unrealistically high price doesn't seem to accomplish anything except chase off legitimate buyers, who might otherwise buy the boat but go off and buy something else (as I've done multiple times).

Sometimes, the first offer you get is the best offer. Sometimes, it's the only offer. Buyers decide what something will sell for, not sellers.
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Old 07-24-2016, 07:26 PM   #25
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Nick14,

I agree with pretty much everything you said. Try telling that to your 83-year-old-Yankee-parents.
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Old 07-24-2016, 07:30 PM   #26
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My philosophy is to buy an item once the depreciation has flattened out. That way when I sell it while not making money (HA!) I might not take as big a hit on depreciation. Did that when I bought my 2 Newell motor coaches and did ok selling them. Had a ton of fun you can't put a price on. Made quite a few upgrades and updates. I just wish more sellers would realize the true value of what they have and not let it sit and deteriorate while trying to get top dollar. Getting kind of tired of looking at over priced boats that need to much updating and maintenance.
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Old 07-24-2016, 09:00 PM   #27
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Bruce,

You have my sympathies. We've all been there (anyone that's ever sold a boat). As 'logical' as I try to be, I still go through the same 5 stages whenever I sell a boat -

Anger - 'what do you mean, that's all you're willing to pay?!? It's gotta be worth $xxx!!'
Denial - 'the broker's an idiot, the buyers are all idiots... I know what it's really worth!'
Depression - (usually many months, or years, later) - 'damn, is that all it's worth??'
Bargaining - 'aw come on, can't you go a little higher? I've got much more than that in it!'
Acceptance - 'alright.... (deep sigh).... I'll take the offer...'

I never cease to be amazed at how many boats just sit and sit and sit on the market, literally for years, overpriced, costing money to maintain. I'm also amazed as to how seldom people do simple math - if it costs you $15k a year to keep up a boat, holding on to it for 2 years to try and get $20k more doesn't make sense. I guess for many people, they don't really want or need to sell it, and it's just a fishing expedition ('I'd only sell if the right buyer came along')(meaning, a fool with more money than common sense).

When I started out boating over 40 years ago, there was a boat I watched in my marina in upstate New York. A 24 ft wood lapstrake flybridge. A nice boat, it had a 'for sale' sign on it for 5 years. The owner wanted about twice what it was worth. He kept turning down fair offers (including from me), saying he was waiting for 'the right buyer to come along'.

Early one spring, a late snow and ice storm brought down a huge tree onto the boat. Smashed it completely beyond repair. So much for the 'right buyer' coming along. Of course, the owner didn't have insurance (wasn't as common in the 1970's).

'The market' delivers painful and expensive lessons. I've had my share. It's also why the last 4 times over the past 20 years I've been boat shopping, I've always started out looking for a used boat, and each time ended up buying a new one. It just wasn't worth it to me to over-pay for a used boat.

It's a little hobby of mine, watching some boats that have been on yachtworld for years (the record is the one I mentioned, 8 years). Eventually, most of them come down to Earth and a realistic price - often in an estate sale.
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Old 07-24-2016, 10:22 PM   #28
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I sure as heck can't guess at the value of such a boat without personal inspection, a good survey and sea-trial, but there's something to be said for the platform that a Willard represents. I saw a buyer pay that much above the going rate for a Krogen about two years ago. I could have easily joined the majority whom believed he paid too much for the boat, but given that it represented everything he wanted in the boat he wanted in the condition he wanted, it's hard to argue his point of paying "now" for the boat he could enjoy now instead of paying for the next couple of years to produce it, spending equal money and still adding time and labor. I dunno......if I found my dream boat already done, the value of that boat would likely be how much I would consider my dream to be worth. For true, full-displacement recreational "trawler" enthusiasts, a Willard 40 has to be among the top most desirable platforms in which to build a dream upon. Maybe for a few that have the funds, this is it.
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