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Old 01-10-2014, 01:50   #16
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Re: Really cheap boat on Craigslist

has the link been removed? whenever I click on it, it takes me to CL but it says nothing is there?
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Old 01-10-2014, 04:42   #17
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Re: Really cheap boat on Craigslist

The listing is no longer active, or has been re-listed, in which case there would be a new ad, try searching on that city page to see if there is a new advert.
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Old 01-10-2014, 05:52   #18
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Re: Really cheap boat on Craigslist

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Originally Posted by Terra Nova View Post
Pretty much what he said. It is almost impossible to rationalize the cost of a thorough refit on something like this, no matter how skilled one is. So they wind up becoming cheap live-aboards, where allowed. Boats like this are regularly abandoned by their down on their luck owners, and auctioned by the dock master, with the provision that it be immediately removed.
Not necessarily.

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Originally Posted by skipmac View Post
I think this is focusing exclusively on the negatives and downsides to a project boat. Certainly there are plenty of dreamers that abandon project boats but there are many that do not. Those are the ones you don't hear about because they fix up the boat and go sailing. I personally know of more successful projects than failures and I've been in boating for a while.

The point of a boat like this is for someone with little money but time and skills to get a decent boat. Doesn't mean they should jump in without first checking, very carefully, what the boat will need and making an informed decision on the condition of the boat and whether or not it is fixable.

And to condemn all potential boaters that might buy a fixer-upper as cheap liveaboards that regularly abandon the boats to be auctioned? I am not advocating for allowing derelicts to fill up the harbors. I've seen the downside to this, but in the real world lots of boaters cannot afford to buy a nice new or newer boat and keep it at an expensive marina in an upscale neighborhood. Should cruising be reserved just for the well to do?
I agree.

We are currently doing a complete refit (and I mean COMPLETE) on a 1982 Cape Dory 33 that we got for a very low price but had been sitting basically abandoned for the past 6 years. Some folks might think we're crazy. This is not the first time either, so we obviously have learned nothing from the previous refits we have done of derelict boats. And one of them even had a rotted deck!! We must be candidates for the insane asylum for sure.

I will admit that we didn't know the full extent of the work needed by this boat, but now that we have had it for a couple of months and have been through everything, and even though we know the time/money will be a bit more than first estimated, we are still happy we bought it.

When buying older boats, even if you buy one in "sailaway condition" (a subjective term if ever I've heard one) you can be assured you will still have things to replace, repair and upgrade. Unless the previous owner just finished a complete refit yesterday (for which he will want top dollar) you are still buying an old boat. Yes, it gives you time to do it in a more leisurely fashion, but you will still be spending $$$ additional to the initial higher price you paid for the boat because the previous owner considered it ready to go, by his standards.

We have also found that what some people consider good boat work and what we consider good boat work is two different things. So, unless that previous owner had his repairs and upgrades done professionally you are trusting that he actually knew what he was doing and did quality work. Not that I am saying there aren't plenty of skilled, knowledgable people out there doing great boat work. Certainly, there are. But we have found from experience that this is not an assumption you can safely make if you aren't familiar with the skills and work habits of all previous owners. We have found some really jury-rigged repairs done on boats by owners who thought they were really "fixing things up."

We spent $15K for our Cape Dory. Our best estimate right now is that all said and done we will probably put about 2 years of work (during at least part of that time she will be sailable) and $40K to get her done. The 40K is still in the ballpark, even on the low side, of what you would pay for a Cape Dory 33 in good condition, except that everything will be new for us from day one. And, although I know there are many boats that we could have been happy cruising on, this particular one wasn't just "a boat," it was "THE boat."

We do nearly all our own work. This is key. The other key is that we actually enjoy doing the work. For us that has always been a huge component of our boating experience. Most of our boats have required some level of refit, several of them complete. We consider this added value in several ways. First of all, when our boats are done we know them intimately, inside and out. Knowing them intimately inside and out leads us to trust them. We sail with confidence knowing that the boat is as good as we were able to make her. We know it's no guarantee against failure, but we know we've done our best and that everything we've done has been with the safety of the boat, ourselves, and our guests in mind.

There is also that little added value of pride from knowing that the beauty, safety, and comfort of the vessel is due to your own hard work. And we are happy to prolong the life of a classic vessel. When these fine old boats are gone...they are gone. I know some people who aren't fans of these old designs don't see the downside of that, but we do. I love all kinds of boats but the ones that cause my head to turn are the classic traditional designs. Knowing that they are older, have a history, and are being lovingly maintained as opposed to just rolling off the assembly line causes me to appreciate them even more.

It's a very personal thing and obviously not every one has the time or desire to undertake a project like this, but to just discount it as a project unworthy of doing isn't fair either. This might be "THE boat" for someone who has all the skills, time, money, and desire to make her beautiful and functional again.
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Old 01-10-2014, 07:02   #19
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Re: Really cheap boat on Craigslist

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I just checked out the Craigslist post and it says the boat is sold. Too bad. It was located not far from me. I would have liked to look at it.

And just a little off topic, has anyone noticed how tough it is to buy a boat recently? I have had three boats in the last 30 days sold before I could drive to their locations to see them. The last was a really nicely equipped Endeavour 37 for $30,000. I'm thinking the buyers market everyone talks about doesn't exist for a well kept, well equipped and presentable boat.
I listed my very clean 1988 Pearson 27 in July; the broker only advertised it on CL and an internal list of clients. He showed it to two people the Sunday after I signed the broker agreement, and one of those two made an offer a couple of days later and bought it. The other person bought another, larger boat shortly after (he has 4 kids and the 27 would have been a bit too small).

Last year I had it listed all summer with a different broker and only two people even expressed any interest.
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Old 01-10-2014, 17:08   #20
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Re: Really cheap boat on Craigslist

I think the boat you refer to is a 30" not 39".
NTL it is a nice boat for the money
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Old 01-10-2014, 17:28   #21
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Re: Really cheap boat on Craigslist

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I think the boat you refer to is a 30" not 39".
NTL it is a nice boat for the money
If you are referring to the original boat ad I linked on this thread it was most definitely a Pearson 39'. That's why I thought it was potentially such a good deal.
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Old 04-10-2014, 12:44   #22
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Re: Really cheap boat on Craigslist

Quote:
Originally Posted by CaptTL View Post
I just checked out the Craigslist post and it says the boat is sold. Too bad. It was located not far from me. I would have liked to look at it.

And just a little off topic, has anyone noticed how tough it is to buy a boat recently? I have had three boats in the last 30 days sold before I could drive to their locations to see them. The last was a really nicely equipped Endeavour 37 for $30,000. I'm thinking the buyers market everyone talks about doesn't exist for a well kept, well equipped and presentable boat.
I was offered $16,500 for my Douglas 32 after it was practically given to me by the original owner (it was and is still not in the best of condition)..I belive we will see a rise in "motor boat sales" if the price of oil continues to go down(eventually close to $2.00per gallon!) ..Sail boats have been growing in numbers on Lake Norman NC. in the last few years and prices are holding strong if not rising!
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Old 04-10-2014, 14:15   #23
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Re: Really cheap boat on Craigslist

I don't get all the hoolabaloo about dirt cheap old boat vs. not dirt cheap old boat. No matter how you look at it most old boats require either $$$, time, DIY elbow grease or all three to make them sailable. Even when the owner considers it to be "in Bristol condition" there are a number of things and systems which can be and should be improved. I once came across a restored late 70s Sabre 34 for sale which looked very nice but the owner neglected to update electronics probably thinking that looks alone will get him his asking price. But he quickly found out that a 30+ year old is a 30+ year old boat and went from $50K asking price to $20K selling price over the course of the summer. Poor guy put about 3 years of weekends worth of work into it and was not happy. If he only slapped some paint and varnish (few weekends worth of work) he could have sold it for $15K 3 years prior (to me for example) and would have made much more working elsewhere those weekends all those years. BTW he picked up that boat for under $10K and was dreaming to make a decent profit, her being a Sabre and all that.
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