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-   -   Apparently the resale market is H-O-T !! (https://www.offshoreonly.com/forums/general-boating-discussion/280011-apparently-resale-market-h-o-t.html)

n20michael 07-05-2012 02:22 PM


Originally Posted by Twin O/B Sonic (Post 3723662)
I have several saved boat searches on e-bay and am shocked, almost daily at what people think these things are worth.
Course most of them are re-listed after their ghost bid's win their first auction and the 2nd one doesn't get half way to their minimum bid.
Craigslist is the same. Best ones are the "completely restored" boats that were pcs of crap when new. Now they're worth double market value cuz you fixed all the crap that was wrong w/it??

Agreed, my personal pet peeve are the guys who list there boats on Ebay for "NO Reserve!!" and make it a point to blather on about how the boat will sell "No matter what", "Absolutely NO reserve" blah, blah, blah, blah

10 minutes before the listing ends [even with 2 dozen bids on it] the seller pulls the listing, then the next day its back on Ebay, once again, being advertised as a "NO reserve" autcion.

Why not just put a reserve on the damn thing instead of playing games?

Marginmn 07-05-2012 02:27 PM


Originally Posted by dreamer (Post 3723886)
NOPE

red 700 sold at 150k
blue sold for 125k

both new
cash deals

The red 700 boat at Pier 57 was on a descending price drop over the period of a few years from $350k to $225k. It didnt sell at the $225 advertised price so they finally lowered it to $195Kish in one swoop. I called on it and was told that they would not take a penny less than advertised as they were getting offers at that price. I loved the zrc's but hated the tan interior in the red boat and wasn't crazy about the solid red paint so I hesitated at $195k. The guy who ultimately bought the Blue 525 boat called on it and thought that he had a deal to buy it for $195k-ish only to be contacted the next day by Pier 57 and told that someone else was willing to pay more for it and that their deal was off. The boat was listed as "sold" a couple of days later in the Pier 57 ads.

Backing out on their deal left a very bad taste for Pier 57 in the mouth of the guy who wound up buying the Blue boat and he was still bitter about it when I spoke with him about it at the Lake Cumberland poker run last year.

I think you are very wrong in your claim that the red 700 boat sold for $150k. If it did sell for that price it was because something very underhanded was going on at Pier 57 because they refused much higher offers at the time it sold and never advertised it anywhere near that $150K price.

What is your source for the $150K price? I think you are wrong. Very wrong.

Panther 07-05-2012 06:20 PM

Here's a concept.. Make an offer if you're serious about buying. You can't change what people think. If it sticks great. If not, move on.

Another problem in this market is a lot of people who are kicking tires think that people should give their stuff away at fire sale prices.

dreamer 07-05-2012 06:36 PM

[QUOTE=CAFE(not a dreamer, tire kicker). Make an offer in person with cash in hand. If they reject , move on. Quit getting on here and telling everyone what their $$hit$ worth. It's OLD[/QUOTE]

From 2001-2011

Fully restored 28ss cigarette
2001 T/S Cigarette playboy edition 1 of 3
1997 33 scaccenti built apache CC with T-300 eggbeaters
Bought the 28ss back for a second go
2006 Donzi 38ZR stagger 525s

Yup tire kicker

dreamer 07-06-2012 06:33 AM

Oops

Forgot to throw in the 1/2 share 28 searay sundancer that was then traded in on a 2004 formula 330ss

Tire kicking

machloosy 07-06-2012 07:10 AM

I think there are 2 sides to the coin for sure. There are a lot of people who come along and offer something insane like 40% of the price, I want to have them come by just so I can knock them out, but on the flip side, there are tons of boats (cars, trucks, and bikes too) that people put a little chrome on or paint and somehow think they are worth ABOVE book. Can't speak for all the big $$$ boats, but I know it happens at all the price points. I'm a big fan of making a cash offer of what the boat is worth to you, if they say no, move on without losing a moment. I've yet to not find what I want and the price I think it's worth, it just takes longer than I want :angry-smiley-038:

GoFastScott 07-06-2012 08:09 AM

Have to disagree with some- value/pricing is determined by what the market will bear, not based on what you paid for it a year ago. Couple of examples, in 2009 I was buying used 2008 Audi R8's for $83,000 - $87,000, turning around and selling them for around $95,000. In 2011 the same year cars with similar miles were worth $85000 and selling for $99000. Same time frame, 2008 Navigators were worth $25k, then went up to almost $34k in 2010. The market supply drove pricing up, the cars certainly didn't appreciate. As supply of boats dwindle due to manufacturing cutbacks, pricing WILL rise, especially if banks loosen up a little with their lending. In general terms, the used car market has risen by around 25% since their lows, boats will do the same as the economy improves. Whether that is happening now, a year from now, or 3 yrs from now we will have to wait and see, but as supply shrinks and demand starts going up, so will prices.

Cash Bar 07-06-2012 11:20 AM


Originally Posted by VetteLT193 (Post 3723920)
That's perfectly fine... but starting a thread like this about the price going up on a used boat makes one sound like a whiny ***** because they didn't get the original deal. If you don't want to pay the price... don't buy it.

I'll buy the beer anytime you want to discuss "whiny *****es" with me. :whistle:

isellpower 07-06-2012 02:36 PM

Most probably owe too much and have to ask the prices they are just to get out of it, can't blame em for trying. I looked at Dreamer's Donzi before he bought it and almost again when he was selling it. I am one of the tire-kickers that misses all of the great deals.

Panther 07-06-2012 05:20 PM


Originally Posted by machloosy (Post 3724354)
I think there are 2 sides to the coin for sure. There are a lot of people who come along and offer something insane like 40% of the price, I want to have them come by just so I can knock them out, but on the flip side, there are tons of boats (cars, trucks, and bikes too) that people put a little chrome on or paint and somehow think they are worth ABOVE book. Can't speak for all the big $$$ boats, but I know it happens at all the price points. I'm a big fan of making a cash offer of what the boat is worth to you, if they say no, move on without losing a moment. I've yet to not find what I want and the price I think it's worth, it just takes longer than I want :angry-smiley-038:

I'm with you. One of the most level-headed posts I've read on here in a while! :)

I helped sell a few higher end boats this year for a friend. It's a tough market but things do sell eventually.


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