In my opinion the vessel is a project boat
It needs to be repowered and has not been maintained. Yes boats do have many purposes; but, the value of the boat
is determined by its condition and functionality as a vessel. Often asking prices are way out of proportion to the true value of the boat. A non-functioning gas propulsion
system substantially reduces the value of a vessel regardless of the usage. And its a 1963 model. How many comparatives are available and how does their condition compare to this particular vessel? I personally would walk away or renegotiate this deal. For example, I recently purchased a vessel with an NADA range of 28K to 39K. Similar models are for sale
in ranges of 22K to 60K depending on condition. I ended up purchasing
the vessel for 10.5K. That said, some value can be implied if the vessel is in a liveaboard slip
that can be transferred to the new owner. In my opinion, the boat is overvalued by at least 20K. Is the slip included and is it worth the 20K premium?