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Old 03-30-2020, 07:05 PM   #10
Pete Meisinger
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City: Oconto, WI
Vessel Name: Best Alternative
Vessel Model: 36 Albin Aft Cabin
Join Date: Oct 2012
Posts: 3,145
A general rule of thumb that seems to hold true for me:

Boats are easy to buy, hard to sell.

The absolute best buys in the boating market are "nice" boats that someone has gone overboard in a renovating, refurbishing, remodeling, rebuilding or restoring. Especially if much or the work has been professionally done. If you spent $5,000 for a survey and repairs it sounds like you are hiring the work done and will soon be in over your head, or "upside down" as they say in the car and real estate markets. ( I hate to use that phrase in the boating world)

Your Grand Banks sold at the price at which it sold for a reason. You will NEVER get an extra dollar for each dollar you put into it, be careful.

pete
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