T&T: Pricing myself out of the neighborhood?

[Jeff Barfett]

Let me tell you from real world experience, it is worth the wait and
emotional ups and downs and working through the buying process with a much
depressed seller to purchase the boat that had hundreds of thousands of
dollars spent on it.

There are more of them around than one might think - the difficult part is
to get the seller to acknowledge that the boat will only bring market value
and not the value of their refit. Believe me that this can have a toll on
the buyer as well, the buyer falls in love with the boat and gets depressed
with the ups and downs of the deal - meaning the seller agrees and then
backs out and you have to start again.....

-----Original Message-----
From: ron barr [mailto:rwhb at msn.com] 
SNIP: At that point if I try to sell this 30 year old boat how much of the
nearly $300K I'd have in would you think I might get back?  ....
I could go on and on, but it seems I already have.
Thanks,
Fuzzy, Fuzzy's Logic

I love it Uncle Fuzzy and I'd encourage anyone to spend the $300,000. You'll
enjoy the process. Most satisfying. And when you've finished it all please
call me -- I would be most interested in considering a purchase of your 1979
Albin 43! :-) Typically they sell for about $100,000 to $110,000, sometimes
less.

There are two approaches to buying a boat IMHO. Find a boat that has some
really serious (but fixable problems) and offer the seller (who should be
very worried about the results of the survey!) half the asking price - you
never know! Or secondly find someone who has spent the hundreds of thousands
aforementioned and offer something close to the market price for that kind
of boat. It is a tough game.  


Ron Barr