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My boats value?

Old 06-01-2019, 05:32 AM
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Default My boats value?

Where is the best place to get an honest value on my boat? Yes I look for other boats like it but they are all different. Looking to upgrade in size and Trading it in doesn’t make sense beings you’re bound to get hosed
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Old 06-01-2019, 05:38 AM
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I don't think there is any magic to it. Look at ads in Boat Trader and other similar publications. You have to factor in the differences between the boats listed and yours, just like real estate appraisers adjust "comparable sales" to arrive at a valuation. Now you also have to factor in that what you're seeing is an asking price, not a sales price. If you can find actual sales prices on boats like or similar to your own, that is the best guide. Ebay auctions can be helpful.

Another way is to consult a boat dealer about possible consignment or trade in. They will do the research and give you a number. Use that as a starting point. Remember, there is no absolute number just a range of numbers. Value in the end always comes down to what a willing buyer will pay and what a willing seller will take.

Good luck.
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Last edited by Cat-a-holic; 06-01-2019 at 05:49 AM.
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Old 06-01-2019, 06:35 AM
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Put up some pics and specs and I'm sure you will get all kinds of prices...
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Old 06-02-2019, 10:25 AM
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I'm an appraiser by trade.... "Price" (either asking or sold) is a fact. "Value" is an opinion. And on this forum there is never any lack of folks who will express their opinion of value.... But what Cat-a-Holic recommended is what I would do if I were appraising your boat.
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Old 06-02-2019, 11:56 AM
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Only sold one boat in recent years. I’d already bought the new boat, so I was keen to get the old one out of the way. I looked at similar boats and the prices they were advertised for - not one was anywhere near as presentable as my boat, so I resolved to make it irresistible by asking just a bit lower than the lowest price I could find - best presented boat at the lowest price - they’d be lining up.

(As an aside from the above point - sure enough 4 people were chasing it just by word of mouth before it could even get it advertised and it went to the fist guy to ask at full asking prices).
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Old 06-02-2019, 12:12 PM
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Originally Posted by Clinker View Post
Only sold one boat in recent years. I’d already bought the new boat, so I was keen to get the old one out of the way. I looked at similar boats and the prices they were advertised for - not one was anywhere near as presentable as my boat, so I resolved to make it irresistible by asking just a bit lower than the lowest price I could find - best presented boat at the lowest price - they’d be lining up.

(As an aside from the above point - sure enough 4 people were chasing it just by word of mouth before it could even get it advertised and it went to the fist guy to ask at full asking prices).
That's the only way to sell a boat. Advertise it with lots of pictures. Be complete and honest about the condition. Tell the good and the bad. Price it fairly. Let the buyer who comes to look be pleasantly surprised that there are no surprises...

I've sold lots of boats and one airplane with that philosophy. Always works.
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Old 06-02-2019, 03:46 PM
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Last boat I sold was MINT (everyone says that but it really was). I looked up NADA and what about 8-10 models similar to mine were listed for. I listed in near the bottom of all the prices I could find. It wasn't that long before someone called. They came out and were interested. When asked I told them the price was NOT negotiable........after some discussion he agreed to buy it and later asked "why so cheap!". The boat was priced right for SELLING, not for what other people were asking for theirs (big difference in those 2 numbers).
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Old 06-02-2019, 05:02 PM
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Originally Posted by t500hps View Post
Last boat I sold was MINT (everyone says that but it really was). I looked up NADA and what about 8-10 models similar to mine were listed for. I listed in near the bottom of all the prices I could find. It wasn't that long before someone called. They came out and were interested. When asked I told them the price was NOT negotiable........after some discussion he agreed to buy it and later asked "why so cheap!". The boat was priced right for SELLING, not for what other people were asking for theirs (big difference in those 2 numbers).
I found out that is the quickest way to sell almost anything.
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Old 06-02-2019, 07:20 PM
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I think the prices on NADA are usually a little high but it is good place to start. I notice most sellers will reference the NADA value in their ads.
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Old 06-02-2019, 08:14 PM
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nada is junk

comps are best, do some leg work and try to obtain some
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Old 06-02-2019, 08:31 PM
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A boat is worth whatever someone is willing to pay for it. NADA is what most banks and credit unions use to determine how much they will loan on it. If you happen to be friends with a surveyor, most of them have access to sold boats and can see what boats have actually sold for in your area, or all over the country. Something to consider is how fast you want to sell it. The lower the price, the faster it will probably sell. Facebook Marketplace is a good place to list it.
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Old 06-02-2019, 09:52 PM
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Looked at all the local boats the same as mine, priced it at the bottom of the group and sold in a few days. Clean it up, have good photos and be honest about the boat and its pluses and minuses.
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Old 06-03-2019, 04:38 AM
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Old 06-03-2019, 04:51 AM
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2000 Cape Horn 24, turn key reliable clean boat
no bottom paint ever
complete repower in 2016 Yamaha 200’s with less than 40 hrs currently with warranty until 2021
new fuel tank 2018
lowrance depth sounder and new Garmin 9 inch chart plotter, vhf radio
custom made bow Bimini with zip curtains, custom pin on rear Sunpad over transom with back rests all used about twice. 98% of uhpholstry is snap in
New t-top canvas and vhf antenna
new led lighting
buff and polish a month ago

Has Loadmaster aluminum tandem torsion axle trailer.
all new lights and wiring
new tires
new EOH brake system with new stainless pads and
rotors
new bearings


Moving to larger boat will be only reason for sale

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Old 06-03-2019, 04:54 AM
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Originally Posted by Farmall1206 View Post

Moving to larger boat will be only reason for sale

Keep the Cape Horn, moving up is highly overrated.
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Old 06-03-2019, 05:14 AM
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Well, how much do you want for it?
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Old 06-03-2019, 05:22 AM
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What do you guys think? Considering the new power, $60K is a good asking? I think that set up will go somewhere in the 50s to be honest.
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Old 06-03-2019, 06:12 AM
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I bet it's going to be worth less than you expect
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Old 06-03-2019, 06:34 AM
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Originally Posted by CheddarMan View Post
What do you guys think? Considering the new power, $60K is a good asking? I think that set up will go somewhere in the 50s to be honest.
$60k for a 19 year old hull? I don't know. I believe that most people spending $60k on a boat are going to be financing, and I am not sure banks loan on a boat that old. That is one of the things that I have to be careful with on my 24 year old Intrepid. I need to be conscious of how much money I dump into her in case I want to sell at some point, trying to keep it in "cash buyers" price range.

Just my opinion of course.

Nice boat, by the way.

Last edited by BiloxiGuy; 06-03-2019 at 06:42 AM.
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Old 06-03-2019, 06:51 AM
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They offer now financing on hulls up to 20 years old. You also have to take into consideration that this almost 20 year old hull has 2 year old engines. It counts for something. It counts for alot actually. Same boat with original power is probably around the mid $20K. So it's a take your pick scenario. Buy the almost 20 year old boat with original power and spend 35k to repower, buy one repowered, or spend close to $100k on a completely new one.

That last one is what's really driving up the price of old boats.

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