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Old 10-15-2015, 06:00 PM   #1
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Going to look at 2 boats. . .how do you figure what a fair offer is?

Saturday morning, going to look at these 2:

1978 Marine Trader 40 Power Boat For Sale - www.yachtworld.com

1981 Albin 36 Trawler Power Boat For Sale - www.yachtworld.com

I'm looking to live aboard at least 4-5 years then decide if I want to continue doing so or move back on land and put down some roots. Currently living aboard my 33ft sailboat for over 2 years now.

I'm excited to look at the Albin. Looks to have been, at least better than the other 10 boats I've looked at, taken care of and updated some. Only worry I have is it might be too small. . .

The MT 40 is, well. . .just that much bigger and I'm curious. It looks like the opposite of the Albin as far as care and updating. . .but if it could be had for a good price, it might be worth it?

Both look like they have leaked in the past. I'm aware of the decks, windows, and iron tanks. I'll go over them both carefully before paying someone else too. . .I've also come to accept the type of boat I want, with my lower end budget, is going to require some amount of work to be done.

If the either of them pass the "ass test", I might consider making an offer. Just how do you determine what a good offer is? Automatically Knock off 20% and see if they go for it? Is there a general base value for boats like these (or any boat)? I've been given the advice before to subtract out cost of repairs/upgrades, but sometimes I come back with them owing ME money

I imagine there is a base value for a type of boat that isn't a total wreck. . .

Any and all advice is welcome and appreciated!
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Old 10-15-2015, 06:33 PM   #2
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This only my opinion. Everyone has an opinion, right? I would find out how long it's been on the market. Some boats have been for sale for 2 years. The 20% rule is a good base. A boat in good shape, on the market a few months will say no. Maybe they come up with a counter offer? A boat in bad shape on the market for 2 years, I would go 40%. Why not? There are plenty of boats out there.
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Old 10-15-2015, 06:36 PM   #3
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Before you make an offer have the boat surveyed and they will give you a condition of the boat and a value.
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Old 10-15-2015, 06:37 PM   #4
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Quote:
Originally Posted by cool beans View Post
Saturday morning, going to look at these 2:

1978 Marine Trader 40 Power Boat For Sale - www.yachtworld.com

1981 Albin 36 Trawler Power Boat For Sale - www.yachtworld.com

I'm looking to live aboard at least 4-5 years then decide if I want to continue doing so or move back on land and put down some roots. Currently living aboard my 33ft sailboat for over 2 years now.

I'm excited to look at the Albin. Looks to have been, at least better than the other 10 boats I've looked at, taken care of and updated some. Only worry I have is it might be too small. . .

The MT 40 is, well. . .just that much bigger and I'm curious. It looks like the opposite of the Albin as far as care and updating. . .but if it could be had for a good price, it might be worth it?

Both look like they have leaked in the past. I'm aware of the decks, windows, and iron tanks. I'll go over them both carefully before paying someone else too. . .I've also come to accept the type of boat I want, with my lower end budget, is going to require some amount of work to be done.

If the either of them pass the "ass test", I might consider making an offer. Just how do you determine what a good offer is? Automatically Knock off 20% and see if they go for it? Is there a general base value for boats like these (or any boat)? I've been given the advice before to subtract out cost of repairs/upgrades, but sometimes I come back with them owing ME money

I imagine there is a base value for a type of boat that isn't a total wreck. . .

Any and all advice is welcome and appreciated!
I got some very good advice when I was looking for our last sailboat. The question was "Are you looking for a deal, or a boat? Those are two very different things."

First time around I was looking for a deal. Found one too. Second time around I was looking for a boat. Same for this third and latest time. The wife and I have been much happier with our good boat than our good deal. It was just as much work with a lot fewer surprises.

I had fun and learned a lot both ways.

If all else fails, employ a buyer's broker you trust. They'll have access to soldboats.com. It's not perfect, but comps are probably the closest objective data for valuation. The issue is that it's almost impossible to get a true comparable boat because they're so condition dependent.
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Old 10-15-2015, 06:53 PM   #5
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I got some very good advice when I was looking for our last sailboat. The question was "Are you looking for a deal, or a boat? Those are two very different things."

Excellent advice....
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Old 10-15-2015, 07:36 PM   #6
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You want to pay as little as possible for the boat. You don't know the owner you're never going to know the owner you don't have to be friends.

What you want to do is offer as little as possible to keep the owner at the negotiating table. If you offer anything more than that you're just giving away your money.

Study the owner. How much can he sell the boat for? He cannot sell the boat for less than he can sell it for.

How long has the boat been on the market? These are all very important things to know and can influence how much you offer, or how much less than the asking price you offer.
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Old 10-15-2015, 08:16 PM   #7
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Good luck and have fun on Saturday, Cool Beans. That Albin doesn't look half bad, for the money.

As to pricing, if you feel like the asking price is reasonable, you could offer to pay that or somewhere close to it, but contingent on a satisfactory survey and sea trial. That way you have an exit door if the boat has needs you don't care to pay for. Alternatively, you can propose that the seller make a price concession based on some estimates to address those needs.

If you've been accustomed to living aboard a 33' sailboat, a 36' motor vessel would probably seem relatively spacious - at least for a while. Possessions have a way of expanding to fill the space available!
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Old 10-15-2015, 08:24 PM   #8
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Find a surveyor who has access to soldboats.com and he can show you the actul sales data on virtually any model
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Old 10-15-2015, 08:32 PM   #9
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Going to look at 2 boats. . .how do you figure what a fair offer is?

All of the above...

...but ask yourself "what is this boat worth to you?" The answer to that question should influence your decision.

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Old 10-16-2015, 08:04 AM   #10
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I am also going through the same process you are (moving up). Have just listed my 38' Chris Craft Corinthian that would suit your needs completely. Tons of living and storage space. Have owned her for the past nine years with many upgrades. Mechanically & cosmetically, you will say "wow".


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Old 10-16-2015, 08:51 AM   #11
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Soldboats.com data is only as valid as what the selling brokers enter. In a perfect world, they would always enter the actual selling price. It's not a perfect world, but it is a place to start. A surveyor can sometimes get this data for you, but a "Buyer's Broker" can, too. IMHO, the Buyer's Broker is the place to start. We have received soldboats data on a couple of boat's we're inspecting this weekend, and prices are all over the map, varying by as much as 25% within one model year and one year from sale date.

Get the comps, inspect the boat yourself, and make your offer with the survey/sea trial contingencies. As has already been stated, after the survey/sea trial, you can adjust your offer or walk away. Hopefully your broker will assist you in developing a fair offer.

Are you looking for a deal, or a boat? Me? I'm looking for both. It's a business transaction. Try to keep emotion out of it... as difficult as that can be when "The One" appears on the radar.
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Old 10-16-2015, 09:36 AM   #12
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Quote:
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Before you make an offer have the boat surveyed and they will give you a condition of the boat and a value.
Usually you make the offer and THEN you do a survery.

Haven't seen you in a while, PF....good to see you around!!!!
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Old 10-16-2015, 11:30 AM   #13
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Throw a number like $30,000 out there and see what the reaction is.

They'll tell you what there real bottom is,
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Old 10-16-2015, 12:49 PM   #14
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I used a buyer broker for our current boat and strongly second the previous suggestions to go this way.
I think the buyer broker can sometimes gather intelligence re the buyers situation and what they will / won't accept and they can sometimes get access to prior sales data. I let my broker handle the negotiations with my inputs & upper limit and he negotiated a price below what I was willing to pay. Including all the contingencies mentioned by others.

One question I always look to get answered is "why is the seller looking to sell"? You don't always get the truth but it can sometimes give you useful info for negotiations. I also want to know how long it's been on the market.
Knowledge is power in negotiations and I've been surprised at owners that tell you stuff that helps you... don't be afraid to ask and ask again to see if answers are consistent or they "forgot" some of the story???

Good Luck
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Old 10-16-2015, 04:08 PM   #15
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Information is key, I always look up the seller, find out what I can learn about him, and his or her situation.
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Old 10-16-2015, 06:37 PM   #16
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I always get the "keep the emotion out of it advice" which I might not understand. . .there has to be a "Darling!" moment, right?

I mean, I've looked at 10 boats so far. 4 were turds, 6 were everything I was looking for in one way or another. . .but were "meh". . .they did nothing for me.

Maybe, well. . .it broke my heart to have to walk away from one of the turds. I guess I was able to stifle the emotion and keep myself from buying a nightmare project, lol.


The sellers broker is the one I made contact with (yacht broker), how do I get a hold of the seller?

Am I looking for a Deal, or a Boat?
. . .I'm looking for both! But I've also been on a Snipe hunt, so. . .

Would prefer "Boat" that doesn't cost an arm and a leg. But I would jump on a "Deal" that truly only needed TLC. The Albin does look to be more of a "Boat".

Blissboat, the room in my Ranger33 is probably equivalent to a Catalina 27, lol. The Albin should be cavernous in theory, but when I start looking. . .it's easy to start eyeballing bigger and bigger. Especially when you can add years to a financing loan (probably not the nest idea).

I appreciate yalls advice! I let you know what I discover tomorrow!
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Old 10-16-2015, 07:02 PM   #17
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I got a third off asking for my boat and still, after an excellent survey, I paid 10,000 too much. There is always something you either think is not important or you just completely miss that will bite you later so start




low.

My friend (I know, its surprising, but I have a few) paid 130,000 for a boat that was asking 299,000. It smelled like sewage and so it sat there for 6 months. He put in a low offer and it was accepted. He had to replace the holding tank and it took about three gallons of bleach and a bottle of Vicks and he basically stole it.

Also, don't be fooled by lists that are largely maintenance - its good that the maintenance is done but "new washers in the tap" is a huge difference from "new taps."


Start low.
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Old 10-16-2015, 11:54 PM   #18
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All of the above...

...but ask yourself "what is this boat worth to you?" The answer to that question should influence your decision.
This is the best advice. Purchasing a boat is not a competitive event. Figure out how much the boat is worth to you. If you can get the boat for that price, it is a good deal.
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Old 10-17-2015, 02:42 PM   #19
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I always get the "keep the emotion out of it advice" which I might not understand. . .there has to be a "Darling!" moment, right?

I mean, I've looked at 10 boats so far. 4 were turds, 6 were everything I was looking for in one way or another. . .but were "meh". . .they did nothing for me.

Maybe, well. . .it broke my heart to have to walk away from one of the turds. I guess I was able to stifle the emotion and keep myself from buying a nightmare project, lol.


The sellers broker is the one I made contact with (yacht broker), how do I get a hold of the seller?

Am I looking for a Deal, or a Boat?
. . .I'm looking for both! But I've also been on a Snipe hunt, so. . .

Would prefer "Boat" that doesn't cost an arm and a leg. But I would jump on a "Deal" that truly only needed TLC. The Albin does look to be more of a "Boat".

Blissboat, the room in my Ranger33 is probably equivalent to a Catalina 27, lol. The Albin should be cavernous in theory, but when I start looking. . .it's easy to start eyeballing bigger and bigger. Especially when you can add years to a financing loan (probably not the nest idea).

I appreciate yalls advice! I let you know what I discover tomorrow!
cool beans
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Old 10-17-2015, 05:32 PM   #20
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Maybe, well. . .it broke my heart to have to walk away from one of the turds. I guess I was able to stifle the emotion and keep myself from buying a nightmare project, lol.

You might examine that some more. Why was it a turd? Why did you like it anyway? Are there more like it, without the turd-hood-ness factor?

Or do you mean it was just a great deal, not a boat you actually craved?

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