Just wondering by how the yatch price differs from advertised price to the actual sold price.
I was having this discussion with a colleague and we were both curious to know the approximate percentage difference.
I know that it is a very broad question, with many variables, but I am very curious to see your thoughts out there.
This question doesn't have an answer. Some sell for half the asking price, some for the asking price. It depends on supply and demand at that particular time for that particular boat.
I sold Morning Bird for its exact asking price, $42,500.
Like Morningbird said, the answer ranges from nil to 90%. I watched a 40 ft yacht come on the market two years ago for $180k. A year later it was being advertised for less than $100k. If the same yacht was advertised today it would probably sell for close to the $180k.
Ilenart
How long is a piece of string?
I paid the full asking price on my "The Girl" a couple months ago being fully aware I needed to spend a extra couple of thousand on her!
Indeed the old owner was only convinced to part with his old girl ( my sailor is 57 years young!) after a charm offensive led by myself and suitably assisted by my wife and daughter.
He had already knocked back other full paying purchases due to his doubts of their character and intentions and would
simply scoff at anyone's attempt to bargain down the price!
IMO you will always get what you pay for and in the case of our older sailboat fleet you are only truly buying a moment in time as a custodian entrusted to care for and ensure the boats future survival.
Value will always be in the eye of the beholder!
Selling price is what the boat is worth, asking price is what the owner thinks his boat is worth. A buyer needs to know what a boat is worth and if the owner is asking what the boat is worth, the buyer will need the act quick as there will be other buyers out there ready to pounce. I've seen plenty of people mis out on good buys because they have procrastinated or tried to screw the owner for an extra cent.
Select to expand quoteJode5 said..
Selling price is what the boat is worth, asking price is what the owner thinks his boat is worth. A buyer needs to know what a boat is worth and if the owner is asking what the boat is worth, the buyer will need the act quick as there will be other buyers out there ready to pounce. I've seen plenty of people mis out on good buys because they have procrastinated or tried to screw the owner for an extra cent.
Great answer there!!
Unless it's brand new, most boats will need some work done to them. You need to know what your able to work on and what your not. For example doing some fibreglass work might be out of the question for some buyers but not for others.
As said above you need to find out what is a good buy, I've paid full asking price on the last 3 yachts I've bought, the works needed on them was within my capabilities to do myself, so I considered them good buys at the asking price.
Normally I would say that many sellers have unreasonably high estimations of what their boat is worth. However, right now the market is unpredictable, and volatile. Old advertised prices do not tell you what they sold for. In my case at the start of the pandemic, I bought a boat for half the asking price. Now the story is that there is a big demand, so you might pay top price.
When all else fails, post a link to the ad here, and you will get a lot of armchair opinions. In the end you have to decide the equation of value to you, and remember a boat is not an investment in an asset, but in your pleasure.
Select to expand quoteYara said..
Normally I would say that many sellers have unreasonably high estimations of what their boat is worth. However, right now the market is unpredictable, and volatile. Old advertised prices do not tell you what they sold for. In my case at the start of the pandemic, I bought a boat for half the asking price. Now the story is that there is a big demand, so you might pay top price.
When all else fails, post a link to the ad here, and you will get a lot of armchair opinions. In the end you have to decide the equation of value to you, and remember a boat is not an investment in an asset, but in your pleasure.
I have never bought with the idea of making money, but as with houses, boats that look appealing are more likely to sell quicker and closer to their asking price. Lots of good gear on a boat is a bit like water views for a potential tenant. It will help you put the deal together but generally there are more serious issues.
I do consider the resale appeal when buying. a boat.
Select to expand quoteEcho said..
Just wondering by how the yatch price differs from advertised price to the actual sold price.
I was having this discussion with a colleague and we were both curious to know the approximate percentage difference.
I know that it is a very broad question, with many variables, but I am very curious to see your thoughts out there.
I can tell you in about a week, survey is on Friday 
.
It all depends on what the advertised price is. I sold my Bounty for the asking price.
Mind you I had it for sale $15,000 under others on the market for a quick sale and she was Ocean race ready.
BUT I sold it for asking price.
