Dollar Amounts - High vs Low

[shadowtiger111]

Kinda odd question, but I'd thought I'd ask.


I've seen and read some low dollar sales of Yachts, where there are read flags when a boat is listed for sale, at lower price points.



Obviously buyer beware. And to be clear, this isn't a solicitation of buying advice per-se, just a general question.


Question is, if there are red flags for low dollar sales, can the reverse also be true? If there is a yacht for sale that seems very high, is that also a red flag?


For example I found a Yacht, that I HAD been seeing in the 100k-200k range on average. However, this one, same year range, same model, everything... But was listed for seven figures. I looked at it, and was generally confused.

 

[O C Diver]

Some people have unrealistic expectations on what they've invested in their boat between repowering, a paint job, and new electronics.

That said, it only takes one buyer to think it's worth the money.

If it's not in your price range, just move on.

Ted

 

[Lou_tribal]

Why not to put something for sale 5x the real value if there is any pidgin to buy it? Nothing different then real estate.

L

 

[Moonfish]

There's the old story about the guy who's wife insisted they sell the boat. So he dutifully listed it. At 10x its value...

 

[Delta Riverat]

I sold a boat for 2 grand after I paid 6. Really good deal for the buyer and it worked for me too. Boat ran great, no problems.

Down market, middle of fall, and the slip was $200/mo.

If I waited until spring I could have got more I imagine.

But I would also be down another grand in fees for sure.

A low price does not always mean a bad boat