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Old 10-27-2016 | 12:03 PM
  #21  
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Originally Posted by Splitdecision271
No doubt there is someone out there that will take it off our hands. It just may not go as fast as you'd want or like even though its been fully repaired and done over. Its so far from looking like a Formula that it might scare some buyers off.
Originally Posted by Mentalpause
+1, exactly what I was thinking. I can just hear someone saying stock power, no, deduct value. Formula paint job, no, deduct value. It's too bad, but it happens all the time.
Originally Posted by Knot 4 Me
There's an azz for every seat. I actually like the fact it doesn't look like the handful of schemes Formula offered.
Ditto. My old 382 had a Formula paint job but in a rarely used pattern I that I have yet to see in the same colors......EVER! I also had built 500's into high compression 540's. It sold to the first person that came to see it (although I had it priced "right")


So Badmonkey. Any idea what you'd sell it for? I get the impression right now it's for sale only if someone throws enough money at you.
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Old 10-27-2016 | 12:42 PM
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Originally Posted by Mentalpause
+1, exactly what I was thinking. I can just hear someone saying stock power, no, deduct value. Formula paint job, no, deduct value. It's too bad, but it happens all the time.
True it's not a formula paint job but at the same time it's a pretty classic timeless paint job. It's not spectral vomit, the colors aren't trendy it's not a design that is going to look dated next month....
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Old 10-27-2016 | 01:02 PM
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Originally Posted by t500hps
Ditto. My old 382 had a Formula paint job but in a rarely used pattern I that I have yet to see in the same colors......EVER! I also had built 500's into high compression 540's. It sold to the first person that came to see it (although I had it priced "right")


So Badmonkey. Any idea what you'd sell it for? I get the impression right now it's for sale only if someone throws enough money at you.
Let's just say I'm not giving it away. It's very difficult to price a boat such as this. It's not typical. It needs a buyer that wants this boat. I'm aware of the market and will certainly sell it accordingly....of course the upgrades, updates will effect it's price. My motivation to sell it will certainly be enhanced once I found the next boat I want or a motivated buyer for mine. As Phragle mentioned it's now a timeless Fastech. I know there's nothing else like it out there. It will need a special buyer for sure.
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Old 10-27-2016 | 01:21 PM
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I buy boats that I love and will hold on for ever and always up date them and take no short cuts, but a couple of years down the road I am ready for the next one,,
all you can do is price it accordingly and wait for a educated buyer to come around and buy it,,

A couple of things I have learned over the years,
1st, options and add ons do not really add much value but help you sell it faster that one that does not have all those options,
2nd , work as much as possible with the first serious buyer because you never know when another buyer may come around.

personally I would erase the structural repair thread,,I know a quality guy with a good reputation did the repairs on the boat, I certainly would not lie or hide the fact the boat had repairs done and would discuss it with the buyer if asked,but it might scare a lot of buyers off,

just my 2 cents,(I know you did not ask for them,,lol)
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Old 10-27-2016 | 02:28 PM
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Originally Posted by boatnt
I buy boats that I love and will hold on for ever and always up date them and take no short cuts, but a couple of years down the road I am ready for the next one,,
all you can do is price it accordingly and wait for a educated buyer to come around and buy it,,

A couple of things I have learned over the years,
1st, options and add ons do not really add much value but help you sell it faster that one that does not have all those options,
2nd , work as much as possible with the first serious buyer because you never know when another buyer may come around.

personally I would erase the structural repair thread,,I know a quality guy with a good reputation did the repairs on the boat, I certainly would not lie or hide the fact the boat had repairs done and would discuss it with the buyer if asked,but it might scare a lot of buyers off,

just my 2 cents,(I know you did not ask for them,,lol)

15 years ago I would buy express cruisers purely to use while trying to re-sell. My experience is that his 1st, and 2nd points are spot on.
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Old 10-27-2016 | 07:49 PM
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This is madness.....
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Old 11-05-2016 | 07:43 AM
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We both talked about our threads effecting the value of our boats due to the threads. IMO it should make the new buyer more at ease that they will NOT have to go through what we went through. These were not cheap half assed repairs. We spent in excess of 10 grand doing these repairs to make sure they were done correctly. That does not include the costs to remove motors, replace motors, rewire, make other "may as well" repairs and so on. In my case it was new transom assemblies, new engine bay lighting going in, new vent hoses, new bilge pumps, new many other things. The way we did our repairs should put out boats at the top of anyones want lists because of the repairs. For me it is a plus plus plus.


Originally Posted by boatnt
I buy boats that I love and will hold on for ever and always up date them and take no short cuts, but a couple of years down the road I am ready for the next one,,
all you can do is price it accordingly and wait for a educated buyer to come around and buy it,,

A couple of things I have learned over the years,
1st, options and add ons do not really add much value but help you sell it faster that one that does not have all those options,
2nd , work as much as possible with the first serious buyer because you never know when another buyer may come around.

personally I would erase the structural repair thread,,I know a quality guy with a good reputation did the repairs on the boat, I certainly would not lie or hide the fact the boat had repairs done and would discuss it with the buyer if asked,but it might scare a lot of buyers off,

just my 2 cents,(I know you did not ask for them,,lol)
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Old 11-05-2016 | 08:32 AM
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Originally Posted by Audiofn
We both talked about our threads effecting the value of our boats due to the threads. IMO it should make the new buyer more at ease that they will NOT have to go through what we went through. These were not cheap half assed repairs. We spent in excess of 10 grand doing these repairs to make sure they were done correctly. That does not include the costs to remove motors, replace motors, rewire, make other "may as well" repairs and so on. In my case it was new transom assemblies, new engine bay lighting going in, new vent hoses, new bilge pumps, new many other things. The way we did our repairs should put out boats at the top of anyones want lists because of the repairs. For me it is a plus plus plus.
I never said anyone took any short cuts or the repairs were cheap half assed repairs, been there done that so I know how expensive it gets.

My point is this, when people buy a boat made by a manufacture like Formula they expect a quality build boat from the factory ,but some buyers may walk away from a boat once they find out the boat needed to be cut apart to get these major structural repairs done, because in their mind they might question the integrity of the rest of the boat ,

again this is just my opinion,not saying anything bad about the boat or the repairs that were performed on the boat,
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Old 11-05-2016 | 08:56 AM
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Originally Posted by Audiofn
We both talked about our threads effecting the value of our boats due to the threads. IMO it should make the new buyer more at ease that they will NOT have to go through what we went through. These were not cheap half assed repairs. We spent in excess of 10 grand doing these repairs to make sure they were done correctly. That does not include the costs to remove motors, replace motors, rewire, make other "may as well" repairs and so on. In my case it was new transom assemblies, new engine bay lighting going in, new vent hoses, new bilge pumps, new many other things. The way we did our repairs should put out boats at the top of anyones want lists because of the repairs. For me it is a plus plus plus.
I guess a example would be ,I work in the automobile business and at times we get a car in that needs a frame replaced so while we are replacing the frame we find other items that need attention that we repair as well because were already there,shocks,brakes,etc,,but when the car is done ( we believe its now better than when the factory put it together )if that car goes up for sale it sells for less than one that did not need all those repairs, because most buyers would rather buy one that did not need a frame replacement,,,so once they have a copy of a Carfax which we provide for them than the price/value drops
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Old 11-05-2016 | 04:41 PM
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Agree in part but since this is becoming a known issue with these boats potential buyers will see its been repaired and done right. I would take that over one that hasn't been. I look at it much like if you were buying any boat and the seller showed documentation of a recent transom and everything else. That would put your mind at ease much more than a 25-30 year old boat that has never been done. I would think.
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