Cruisers Forum

Join CruisersForum Today

Thread Tools Rate Thread Display Modes
Old 26-05-2015, 08:53   #1
Registered User

Join Date: Oct 2012
Posts: 60
What is the state of the market?

I'm looking at a boat that has been assessed for insurance purposes at $65k. Given the current state of the market what is a reasonable offer on such a boat? Does the assessment value actually represent the market price?
Thanks for the advice!

tmoandj is offline   Reply With Quote
Old 26-05-2015, 09:09   #2
Senior Cruiser
skipmac's Avatar

Cruisers Forum Supporter

Join Date: Oct 2007
Location: 29 49.16 N 82 25.82 W
Boat: Pearson 422
Posts: 11,239
Re: What is the state of the market?

Basing a value on insurance appraisal is difficult. More realistic to look at what the same boat is advertised for on

Would also depend on the condition of the boat. Might be assessed at $65K for insurance but if the boat needs major repairs that would cost you $30K then I would offer $30K or less for the boat. Selling price will also depend very much on where the boat is located and the market in that area.

Bottom line, just not enough information to give a completely accurate reply.

The water is always bluer on the other side of the ocean.
skipmac is offline   Reply With Quote
Old 26-05-2015, 09:43   #3
Registered User
Sonosailor's Avatar

Join Date: Mar 2003
Location: Fredericton, NB, Canada in the summer and fall; Caribbean in winter and spring aboard Cat Tales.
Boat: FP Tobago 35 (and a H-21 SE)
Posts: 533
Images: 8
Re: What is the state of the market?

Part of the insurance surveyor's job is to estimate the value of the boat. The value given by a surveyor is expected to include his/her consideration of the market. The good ones have access to sites that provide the selling price, not just the asking price. I guess not all surveyors do their job.

On my last survey, 2 weeks ago, my particular value went down 19% from 5 years ago, for a properly maintained boat, suggesting either one or the other surveyor made errors or the market for small catamarans is down 19%, or the increasing age makes a difference, or all of the above.
Sonosailor is offline   Reply With Quote
Old 29-05-2015, 19:38   #4
Registered User

Join Date: May 2015
Posts: 2
Re: What is the state of the market?

If the assessment was done right, that's its "value" to insure. Mine was "19k" and we paid 16k. 20% in late season! par for beginning of season... Just an average.

Sent from my iPad using Cruisers Sailing Forum
sailingexodus is offline   Reply With Quote
Old 31-05-2015, 20:29   #5
Registered User

Join Date: Nov 2008
Location: Sonora - Cape Cod - Denver
Boat: Lancer 28 - Semper Libra
Posts: 9
Re: What is the state of the market?

The market today for used sailboats is VERY soft..The younger generations are just not into it...Boatyards are full of neglected sailboats you can get for little of nothing..So do your homework before you start counting out your cash...
Fair-Wind is offline   Reply With Quote

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
What Do You Think Is the Current State of the Sailboat Market ? lake norman 285 Monohull Sailboats 96 11-11-2011 02:53
Washington State purchase with out-of-state residence cyclepro Dollars & Cents 7 06-06-2011 08:55
Buyer's Market or Seller's Market ? rourkeh Dollars & Cents 31 11-10-2010 10:52
State by State Nonresdient Regs Stoney Rules of the Road, Regulations & Red Tape 2 10-06-2008 08:52
in market for multimeter jimbim Electrical: Batteries, Generators & Solar 23 06-01-2007 09:11

Our Communities

Our communities encompass many different hobbies and interests, but each one is built on friendly, intelligent membership.

» More about our Communities

Automotive Communities

Our Automotive communities encompass many different makes and models. From U.S. domestics to European Saloons.

» More about our Automotive Communities

Marine Communities

Our Marine websites focus on Cruising and Sailing Vessels, including forums and the largest cruising Wiki project on the web today.

» More about our Marine Communities

Copyright 2002-2015 Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 12:57.

Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.