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Need Advice - Any reason why?

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Old 08-17-2010, 04:51 PM
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Geronimo36
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Ok Cig lovers. Anyone have any ideas why this boat hasn't sold?

It was previously overpriced by other brokers and my friend owns it now....long story... Anyway, he's a multi-boat owner and is looking to sell the boat for market value, it's located here in NJ.

Anyone have any ideas why it's not selling? The brand-new equipment alone is worth the price of the boat.

Just FYI, the brokers listing the boat don't have contracts per-se and the listing price is not what it is being offered for.....If anyone has any questions please contact me directly.
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Old 08-17-2010, 05:32 PM
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How much is the selling price? Year, etc?
The used boat market is brutal right now. I recently bought a 1997 50' Hatteras for just under $200k. Trying to sell my 50' Bertram is tough. I can't sell it for $160K, I'd hate to be selling a performance boat right now!
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Old 08-17-2010, 06:49 PM
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Buyers dictate price in this market so the request of the owner is to bring all reasonable offers to the table.
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Old 08-17-2010, 06:54 PM
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Also, whatever the price gets set at right now I think won't make a difference. There is a similar year 42 with similar Sterling power with 120+ hrs on power for 259k. Factor in rebuilds on those hours I assume?
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Old 08-17-2010, 07:01 PM
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Ok Cig lovers. Anyone have any ideas why this boat hasn't sold?
Money is still tight, might get better after the November elections.
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Old 08-18-2010, 11:35 AM
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No advice?
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Old 08-18-2010, 12:54 PM
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The Sister 38 was parked right next to me last weekend at a poker run. It get's TONS of attention. Nevertheless, I still think the color scheme will take a certain buyer. It's a shame because the details and work in the paint is awesome....

P.S. - what's market value on a T/S 42 Cig these days??
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Old 08-18-2010, 01:31 PM
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The Sister 38 was parked right next to me last weekend at a poker run. It get's TONS of attention. Nevertheless, I still think the color scheme will take a certain buyer. It's a shame because the details and work in the paint is awesome....
I agree... I had only seen this boat in person when we first sold it. When I saw the boat I fell in love with it and so did everyone else that we showed it to and subsequently put in $$ offers. Pictures don't do the boat any any justice IMHO.

If I had the cash to splash I'd be boating in it today!
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Old 08-18-2010, 03:53 PM
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Bad Ass boat for sure but here are a few things I see....

Carb setup/old blower vs. EFI and Whipple-EVERYTHING is going EFI these days!!!!
5th wheel trailer - not sure its too desirable
Its been for sale forever!!! Public might think there is a underlying reason its sitting for the past two years in the classifieds.
PRICE listed!!! I know all the other 42 T/S are slight differences in boat or power but the price listed is about 100k more than a few others. Yes this has bigger power but its not "Mercury". Cobra has a good reputation but so many people I know don't want to steer away from Mercury due to public perception...i.e. resale value. On the West Coast, Cobra is almost a unknown...harder to sell it here unlike a Mercury or Teague boat. The same rules probably apply on the east coast but reversed.

Put up new pictures and offer it a real price, something the owner can live with...

Chris
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Old 08-18-2010, 05:47 PM
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Quote:
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Buyers dictate price in this market so the request of the owner is to bring all reasonable offers to the table.

30k and my Formula 292.
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