Making an offer on a boat

[Skymichelle]

Hi,
I'm looking at a $70k boat that i feel is appropriated listed by market value. I know up front that the SP275s are no longer made and some parts are not obtainable but can be fabricated. I don't feel this is a deal breaker but i do feel it affects the negotiating price. That is my dilemma, knowing the difficulty to obtain parts and high financial cost for them will make maintaining the boat more challenging. not imposable but certainly an inconvenience. How do you equate that to a monetary value? I feel asking 15-20% off upfront is not unreasonable combined with results of surveys, sea trail, and oil samples etc. The contract open to repairs, renegotiation or even walk away. Most likely a broker will be involved representing buyer and seller (i know strike 1). Any who - do you think that is fair or am I being unreasonable?

Thanks Y'all!

 

[Delta Riverat]

Make the offer. If it's rejected and re-offered at same you will know.

 

[Delta Riverat]

Hehe, thanks!

Just telling you what I did - Obviously it didn't work either. So, if you like the boat and at that price range you are going to see a lot you don't like, make an offer. Brokers are not your enemy. They would like you to buy the boat and mine was most helpful. The broker is also going to be the best resource for a feeling of how receptive the seller is to your offer. Yeah, he (or she) makes more dough if the price is high, but no dough at all if no sell.

So if you like the boat (after looking at a lot of boats) then make the offer and start the process. My boat to the left is 45 years old with Volvo engines that everyone says to avoid, but hey, they run and we like the boat.

 

[SteveK]

If the boat is listed for "market value" which I take as what similar sells for then why does it make sense to offer less because parts are $$$. I mean the other boats have the same issue, but if you take 15-20% off all of them then they were not priced at "market value" to begin with.

I guess market value to me is what a buyer is willing to pay and seller is willing to accept.

Reality, all boats have expense parts that will need replacing.
Offer what you are willing to pay and have 50% of that ready to spend in the first 3 years to make it yours after fixing things.