What's the definition of INSANITY???
01-02-2008 | 01:49 PM
#12
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Joined: Dec 2001
Posts: 1,637
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From: Ocean City, MD
45' Apache
I have had three deposits over the last year and all three deals fell through. Everybody that actually came to see the boat left a deposit to hold it. People are having a hard time with financing for some reason. I had a new survey done on 12/28/07 and the market value the surveyor gave was $215K with a replacement value at $500K. This is a perfect example of how bad the market is right now!
Someone's going to snap it up at some point. With the engine's it has and the #6 drives, the boat is just about priced at the drivetrain cost.
Barry
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Thanks, Barry
Driver - High's Fuel Your Journey Cigarette Racing Team #598
Thanks, Barry
Driver - High's Fuel Your Journey Cigarette Racing Team #598
01-02-2008 | 06:10 PM
#13
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Joined: Aug 2006
Posts: 620
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From: Austin, TX
I have had three deposits over the last year and all three deals fell through. Everybody that actually came to see the boat left a deposit to hold it. People are having a hard time with financing for some reason. I had a new survey done on 12/28/07 and the market value the surveyor gave was $215K with a replacement value at $500K. This is a perfect example of how bad the market is right now!
Hopefully you meet up with someone soon that can write you a check. Good luck with the sale, great looking boat!
01-02-2008 | 06:46 PM
#14
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Joined: Feb 2003
Posts: 6,192
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From: Lafayette,La
thought you had er sold...that really sucks..that is so much "real boat" for the money..
what about the miami show , should sell there considering people will drop 500k on a potato chip or is it going to ed's?
what about the miami show , should sell there considering people will drop 500k on a potato chip or is it going to ed's?
01-02-2008 | 10:17 PM
#15
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Joined: Oct 2000
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From: SoCal
I have had three deposits over the last year and all three deals fell through. Everybody that actually came to see the boat left a deposit to hold it. People are having a hard time with financing for some reason. I had a new survey done on 12/28/07 and the market value the surveyor gave was $215K with a replacement value at $500K. This is a perfect example of how bad the market is right now!
See if you can "squeeze" in some builders dockspace and have it in the water. (I realize I use the word "squeeze" very lightly since it is a Huge machine
)
01-03-2008 | 11:02 AM
#17
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Joined: May 2000
Posts: 6,551
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From: E Dock
The market on that boat is pretty much irrelevant, as with most redone older boats. The people that are spending $150k are buying new Baja's or similar with 525's, full factory warranty's, and financing them for 20 years in many cases. If some of these folks so much as dinged a #6 prop, much less had a major failure on your boat, the boat would likely sit. The remaining people with real cash can afford a newer boat of similar size.
The boat is hot! Someone wants it and will buy it.
01-05-2008 | 08:13 AM
#20
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You probably can't since there are manufacturers that have trouble getting space in that show. You could have a chance with a broker who has in water space reserved already.
Being how rare that boat is I would think anyone in the market would know the market and realize that it is a turn key package for 150K whereas some people think a 47 hull is worth 125K. I also think the towability might be an issue for most.
Being how rare that boat is I would think anyone in the market would know the market and realize that it is a turn key package for 150K whereas some people think a 47 hull is worth 125K. I also think the towability might be an issue for most.
