Now that right there sums it all up.

Carry on with the lowballs and they will end up with one that cost MORE later!
The ones that Have to sell probably have not kept up on all the little stuff.
In the mean time some of us are out there Rockin !!
While others are pizzin and moanin on a web site cause some sellers wont come down 10K.

Maybe so for your garden-variety used up boat. But, it would be very hard to replace a boat of this caliber for the same kind of money. And, I do think that if this boat was in Phil's showroom, it would be gone by now. Like most of these boats, they must be seen in person to be truly appreciated.

Totally agree with the replacement statement, but sometimes people aren't replacing with anything so just getting rid of the thing comes into play when you start adding up the cost of just keeping it around with marina, storage, insurance, DEPRECIATION, etc....I know plenty of people that got offers a year or two ago for more than theirr current asking price, and now they're kicking themselves. General rule of thumb in the aircraft industry if you really want to get something gone is list it with a strong asking price and every month cut the price 10% until it sells

[General rule of thumb in the aircraft industry if you really want to get something gone is list it with a strong asking price and every month cut the price 10% until it sells[/QUOTE]

That's how we moved two homes in 2008.

Smart man ^^^^

I know we all want to think our boats are worth $XXXXXX dollars...but this is a different world now. It's hard enough to find a buyer that actually has the cash to buy a Toy like these boats we all love...even harder to find one that will let go of that amount of cash for a boat that isn't EXACTLY what they would have had built or bought new. Add to that that those that do have the cash (and will spend it on a boat) will most likely spend a little more and buy something new or newer instead of a 9 year old boat.

To add insult to injury, time is the enemy on any boat, the value is reduced each and every day, (tick tock, tick, tock)...not to mention the real costs of keeping it as mentioned above...AND heaven forbid the next time you fire it up one of the engines blows up....or on the next splash a drive breaks.

IMHO, even more of an issue is any boat that sits for sale for almost a year (even worse if longer) puts a doubt in buyers minds...."Why hasn't this sold?, Am I the only one that thinks this boat is worth it?..This looks like a great deal to me, is something wrong with it and this is why it hasn't sold yet? "..... and on and on.

Bottom line, if you need or want to sell, then sell it...if you don't then use it and enjoy it....but if it has been for sale for many months, or even a year or more....it's obvious WHY it hasn't sold....it is worth less to others than you think it is.

Funny about the earlier comment:

"You can pay now or you can pay later, but you will pay".....

Let me fix that for you... "You can pay now or you can pay later, but you will pay LESS if you wait... and I will have spent all that money keeping it maintained, insured, stored and paying those dang property taxes as it slowly deteriorates and becomes less valuable each day".

Wish I had learned that lesson when I sold my last house. Had a fair offer I turned down before I even moved, but I thought it was worth more. 8 months AFTER I moved and had to spend $20K on it painting it, putting in new carpet, landscaping, etc... PLUS all the double monthly payments (already bought another house)....it finally sold...for $25K LESS than that first fair offer...dumb, da, dumb, dumb!!!

Some times the truth feels good, sometimes it hurts.., sorry and welcome to the new world economy...grrrrrrr!!!

OH, of course there is always the "wife" factor...I have many friends that list their toys for a price that they know no one will pay, just so they can say to the wife "See honey, I have it listed for sale"....sometimes just this alone makes for a happier household :-)

At the end of the day, no mater how special anyone thinks this, or any boat is, it is only worth what someone else WILL actually pay for it (not just say they will).....and this boat is still for sale....hmmm.

Disclaimer, I am not "picking" on this particular boat/owner, just making comments in general about boat selling prices and the perceived value of used boats in this day and time.

Dave

Just my take but...I think there are a bunch of factors. Not knowing either boat or wanting to get into a Lipship-non Lipship debate. Take a look at this boat
http://www.offshoreonly.com/classifi...o42101-en.html
Before it went to MO it was a freshwater boat in NY and pretty sure it has been mostly FW since. Has larger cabin (could be pro or con) has better hatch and color in my opinion but not all the Lipship appointments and doesn't have the Windscreen. 575's vs 525--again pros and cons depends what you want to do. I am not sure on cleanliness which could be a big factor but to counter you are starting 10k lower and it is with a dealer that might be more willing to take a trade. Not saying one boat is better than the other because it depends but both seem like GREAT examples (both show as 2002's on financing with similar hours) I would be curious to see which goes first but that 10k difference is something that just kinda sticks out. Make it a no bariner comparison with like (or as close to like as possible) boats on the market and it should sell

78CIG24... you nailed it!!!

Or, like alot of low ball strokers , you can and usually do end up without a boat.

Bottom line? You can't steal everything.

I always liked the term "Bottomfeeders"......:lolhit:

Ok we can fight all we want but the simple answer to the original post is that the boat has not sold because the guy does not really want or need to sell that bad and the market won't provide a buyer at that price. If he wanted to sell that bad the price would be getting dropped until it sold. That's the simple reason it hasn't sold.

Yes, that is a much better description of the homeless, I mean boatless low baller crowd.

Sure you can get what you call "steals"(legally) on anything.....IF you take the rushed Emotion out of the equation... I never NEED to buy any boat...lots of people NEED to sell them, especially right now.

Of course, a Lucky few don't need to sell them, but if they do WANT to sell them, their pricing has to get in line with the market full of those that do need to sell.

Don't think for a second I like the ways things are in the boat industry ( and most others), but it is reality.

It is a BUYER'S market, face the facts, or not. Take a quick look just this forum's Classifieds...how many Top Guns are for sale???? Obviously more than there are buyers wanting them (or that can buy them), again just reality.

As with anything in life, take your time, find the right deal on the right boat for your needs and budget. ...the water isn't going anywhere...well except in TX, that sux!

Is my reason for it not selling correct??? If its not, please explain why it hasn't sold. A lot of us low ballers have boats that were not buried in because we low balled and didnt go pay retail for.

You are absolutely correct... Don't worry, it is a natural human defensive reaction to try and boost the perceived value of anything we own, to ourselves and others.....and more so for the "toys" and or purchases we loose multiple 6 figures on..I got plenty of those T-shirts...dang it!!

When you get older, you learn that wisdom really does comes with age...if only I could turn back time and apply what I have learned ...I could then buy all the Top Guns in the classified today...and sit on ALL of them and make everyone pay my price, that is what you call a SELLER's Market... HA HA!!!

Sadly, I fear I probably won't be around when we see those days again :-(

As I said before, the Cig discussed here it is a darn nice boat and have no doubt it is worth it to some buyer out there (that hasn't seen it yet)...but, personally I want the 03 Lip-Ship Glad in the Classifieds...if I had an extra $100K cash I WOULD buy that one today(even if I could only sell it for $50K 5 years from now). To me it is worth it as those are rarer and therefore aren't blanketing the market!!

http://www.offshoreonly.com/classifi...o41684-en.html

It's all about putting the right buyer with the right boat....AT the right time.

It probably has nothing to do with the price of the boat or the colors. With no trade or creative financing options to offer, the seller needs to find a pretty unique (no boat, excellent credit, wants a boat) buyer. Look at the length of time BraceYourself had his boat for sale by owner and then Shogren bought and it was gone in about a week. I don't think the price or the colors were holding up a sale on that boat for over a year.

I believe that if this boat was in the Lip-Ship showroom, it would be history.

So buy it for $125k, bring to the lip-ship showroom and make a couple bucks :drink:

That's a steal :lolhit:

After Philly's commission, it wouldn't be worth it. Why don't you upgrade?

I crawled around that boat back in Aug and it's very clean.

If I could find a new owner for my boat, I'd be on it.

What does LipShip charge to broker a boat ?

It depends on the value and what he does to the boat.
The beauty of getting a boat thru him is that it will be ready to go.

Heck when i had my last cig sent out for the key west poker run, he went thru it and fixed couple of things that i was going to do someday, he just wanted it ready to go and it was, also gassed and washed.

Truly great to deal with.

Well coming from someone that has their Top Gun for sale and being a straight bottom, I thought buying a boat that needed just a little work to make it the way I wanted it would be the thing to do! I have learned two things hear-- i did make it the way I wanted it, the second is that is took way MORE money than I thought it would take!

Good news about all this is now I have a peace of mind that I know everything is good on my boat. Bad news is that I will never see that money again!

There are many lessons to learn on how to buy a boat, it all depends on how much money you want to pay upfront or how much money your going to put in it to make it right! It's only money, right!!!:coolcowboy:

I feel like this is exactly why the boat hasn't sold. People into performance boating, at least majority, already own a boat & can't hold two at once. Boat demand is down from prior years as we all know. Guy A can't move his so he can't buy guy B's boat, so on & so forth. I think guy A is not too scared of the price, unless it appears way out there. Financing isn't readily available, either.

I really like that boat....Great paint, great condition, great power on a Myco at a decent price. No, it's not a fire sale, but it is a pretty good price for the package.

I'd have to agree with Pm as well. If Phil had this boat, it'd be gone. Phil has a batch of buyers and contacts that trust him to ensure the boat is right when they get it. There's no, "it looks good, but is it really good?" feeling. The boat will be right or he'll stand by it to make it right.

With that said, yea, of course he's going to make a commision on the boat as he should. He puts a lot of time and effort into his sales. It'd be worth it to just send it to him and not have to deal with selling it!:drink:

The real reason the boat has not sold is because of Obama...it sold twice when Bush was in office.....:)

It's been stated previously the owner would only reduce his price a few grand. I'm guessing LIPSHIP would charge more then a few grand to broker this boat.
ed

You never know until you ask
He may sell it for more than he is asking now
Buying from phil is an added value
It might not work out but I would check

This 2004 Top Gun just sold yesterday for ALOT less than the asking price of the 02.

http://www.offshoreonly.com/classifi...o41493-en.html

That appears to be a good deal.

Sold for what its worth. :evilb:

:coolcowboy:

ALOT = $10,000 ????

It is all about what the boat is worth to you...and the guy with the 02 feels his boat is worth the extra $10,000. I am sick and tried of everyone racing to the bottom on pricing...we need to stay STRONG you SELLERS and let these low baller bottom buyers come your price of what you want and what your boat is woth!!

Todd

and that's the truth...TRUTH!..the only reason is the economy.

You know exactly what the boat sold for and it wasn't any where close to just $10,000 less than the asking price.

Hmmm. Coming to Michigan?

You could put that boat and your's in a time machine and go forward or back in time and the paint would look great compared to whatever the trend is.
ed

Just got back from Texas, this boat was on our list to see but there was not much room on his price. Banks are not wanting to loan on a boat that old, sad but true so we ended up not looking at it and boat a 04 Top Gun in Houston.

That was a deal.

Real nice boat and a good buy. Congrats