Price Increased

[Don L]

I have a boat scheduled to look at next week (at least I think I do). When I first saw the boat listing online it said "price decreased", which I feel is a meaningless statement and to me means "no one wanted to buy at last price". I acturally saw it in a Facebook thread after I got interested in the model and know it has been for sale a year. At time it was at the lower end of the one's listed range, but it has the highest engine hours plus some other things.

Yesterday I was looking at my saved boats and ...................... the listed price of the boat went up $10,000 putting at the high end of the model listed boats.

I wonder what the thinking here is. Wonder if they think buyers wouldn't notice.

 

[Bmarler]

I’ve seen that done before. If the price is at the low end for the model, some people won’t even look as the rest at that price range are in poor condition.
Quality always sells, so if it’s really a good example it should be priced accordingly.

 

[Don L]

Been for sale a year and didn't sell at the older higher price or the recent lowered price. Don't see how increasing the price back up helps it.

 

[twistedtree]

Well, pretty clearly they haven't had a lot of interest in the boat. I agree with other that they probably figured the lower price was signaling poor condition and causing people to look elsewhere, so now they are trying a higher price to see if that generates interest. The good thing is that you know they will accept $10k less than the asking price, and likely more than that since it's been on the market for a while with no interest.

 

[ranger58sb]

Might be a price change -- any direction -- is about exciting/refreshing search engine returns...

-Chris

 

[BDofMSP]

Perhaps they made some significant repairs or upgrades to address concerns that others have expressed over the year?

 

[mvweebles]

Maybe seller didn't leave enough headroom for negotiation?

Peter

 

[O C Diver]

If interest rates come down maybe they're assuming the market will warm up. What better way to increase the price by advertising a reduction for those who won't check.

Ted

 

[Don L]

Well the price has now decreased

Back to what it was prior to the increase

So just a listing marketing game

 

[Shrew]

I would treat the price like a suggestion anyway. Who cares what they put on YW? Make an offer. They will either accept, counter or reject. You will either both eventually land on a number that is acceptable to both, or one of you will walk.

 

[Don L]

I would treat the price like a suggestion anyway. Who cares what they put on YW? Make an offer. They will either accept, counter or reject. You will either both eventually land on a number that is acceptable to both, or one of you will walk.

Oh I know all that

Money talks and bullshit walks!

 

[SIBERNUT]

Keep that knowledge in your pocket. Maybe he changed brokers & this one promised him the world to get the listing.
Maybe he met a hottie at the bar that loves boats............?

 

[Don L]

Keep that knowledge in your pocket. Maybe he changed brokers & this one promised him the world to get the listing.
Maybe he met a hottie at the bar that loves boats............?

It's the same broker. It appears to be priced at the bottom of the listing range for it condition. It has also been for sale a year and is different from others some in layout.

I am in not rush there are LOTS of boats available.

 

[Shrew]

It has also been for sale a year and is different from others some in layout.

My guess is the guy wants it sold before he deals with another season of storage fees. I've seen MANY people spend 10's of thousands of dollars on storage fees holding out for a sell price. I once knew guy who was so stubborn by the time he finally sold his boat, he paid more in storage fees while it was listed than he sold the boat for. STUPID!!!

 

[Niels]

My guess is the guy wants it sold before he deals with another season of storage fees. I've seen MANY people spend 10's of thousands of dollars on storage fees holding out for a sell price. I once knew guy who was so stubborn by the time he finally sold his boat, he paid more in storage fees while it was listed than he sold the boat for. STUPID!!!

Indeed, selling and buying a boat is like a game of poker. Both players keep holding and hoping the bluff will work.

Some people love the game. Can’t say I’m one of them.

 

[Cargile]

I’ve seen that done before. If the price is at the low end for the model, some people won’t even look as the rest at that price range are in poor condition.
Quality always sells, so if it’s really a good example it should be priced accordingly.

I think the OP said it sat, unsold, for a year at a higher price?

 

[Mambo42]

I have had a now a few times that I find a yacht that has been on the market for over a year, one even 2 years and miraculously the moment that I inquire .........all of a sudden there is massive interest. Then it is almost like I have to draw a number, so my response has always been: 'I don't participate in a bidding war, good luck with your sale, call me if there is nobody left'.
And sure as heck a couple of weeks later they send an e-mail that the boat is still available and if I am interested.
So if they raise the price simply tell them that you have X available at this moment or X minus 20.000 tomorrow and X minus 30.000 the day after. That is of course is the boat is worth the money.

 

[JDCAVE]

If you’re inclined, ask to look at the boat, then go ahead and look at it. If you want to commit to it, ask yourself “What is this boat worth to me, based on the information at hand?” Then offer that amount. They will either refuse, counter, or accept. Make sure you are well informed first. Due diligence.

I think in this situation, as a buyer, you are in the driver’s seat.

Jim

 

[CharlieO.]

Sometimes changing the price will move a stale listing to the top of the search because it can show up as a new and or updated listing depending on your search engine.

 

[Don L]

I looked at the price increased boat last week, I also looked at another of the same model, The other I felt was in better condition, was $10k less, but without electronics and AP.

In the end it doesn't matter so much what it is listed for. Only what I am willing to pay and I know the story

 

[bumpkin]

When I was looking at boats, I would get notices when a the price changed. Changing price is a way for the Boat Trader et. al to have a reason for contacting prospective buyers without being totally lame. Boats are worth what they are worth but how do sellers keep their goods in front of you.