Cruisers Forum
 


Join CruisersForum Today

Reply
 
Thread Tools Rate Thread Display Modes
Old 12-02-2016, 14:48   #1
Registered User
 
scgilligan's Avatar

Join Date: Jun 2007
Location: Upstate SC, USA
Posts: 148
What percentage of asking price would you offer?

No one offers asking price for anything anymore..especially boats and Craigslist items in general..sellers know this and they inflate their asking price accordingly..At least I would.
So, that being said- what would your initial offer be on a sailboat? As a percentage of asking price..also, would that change for cheaper boats? Example: if you are looking at a 500K boat you might only offer 75%, whereas if you are looking at a 4K boat, would you really offer 3? Less? Start ridiculously low and let them tell you the bottom price? With a boat that cheap are they really just looking for someone to take it rather than having to find a way to junk it..? If a broker is handling a boat under 5K, what would they be expecting?
Just curious...
__________________

__________________
scgilligan is offline   Reply With Quote
Old 12-02-2016, 15:31   #2
Registered User

Join Date: May 2015
Location: Florida
Boat: Jeanneau 44i SO
Posts: 139
Re: what percentage of asking price would you offer ??

Offer what the boat is worth to you. I have seen a few hat were steals at the listed price and others that were so over priced any offer would be ridiculous. So determine what the boat is worth and make the offer accordingly. Most fairly priced boats end up selling for around 90% to 93% of asking price. The operative words being "fairly priced"
__________________

__________________
l2ridehd is offline   Reply With Quote
Old 12-02-2016, 18:46   #3
Registered User

Join Date: Sep 2013
Location: Hollywood, FL
Boat: Island Packet 29
Posts: 2
Re: what percentage of asking price would you offer ??

We offered 31,300 on a boat listed for 37,500. Seller accepted and after the survey we ended up getting it for 28,600. Nothing too bad in the survey. One cap shroud needed to be replaced, the stainless fitting holding the headsail to the bowsprit was a little rusty, lifelines had a plastic covering so the surveyor said that usually causes rust so he said they were 'likely' bad, he said the aluminum holding tank needed replacing. (We planned on a composting head anyway)
__________________
MattJessPA is offline   Reply With Quote
Old 12-02-2016, 19:03   #4
Registered User
 
Lizzy Belle's Avatar

Join Date: Nov 2015
Location: Netherlands
Boat: Ohlson 29
Posts: 1,522
Re: what percentage of asking price would you offer ??

Quote:
Originally Posted by scgilligan View Post
what would your initial offer be on a sailboat? As a percentage of asking price...?
87,95% on what I consider cheaper boats
59,37% on more expensive boats

Or, see my more serious reply on the topics asking this exact same question over the last couple of weeks
__________________
"Il faut Ítre toujours ivre." - Charles Baudelaire
Dutch ♀ Liveaboard, sharing an Ohlson 29 with a feline.
Lizzy Belle is offline   Reply With Quote
Old 12-02-2016, 19:18   #5
Senior Cruiser
 
StuM's Avatar

Cruisers Forum Supporter

Join Date: Nov 2013
Location: Port Moresby,Papua New Guinea
Boat: FP Belize Maestro 43
Posts: 6,713
Re: what percentage of asking price would you offer ??

50% on a monohull.
100% on a multihull. They are always much better value and well priced initially.

__________________
StuM is offline   Reply With Quote
Old 12-02-2016, 19:43   #6
Marine Service Provider

Join Date: Aug 2010
Location: north carolina
Boat: command yachtsdouglas32
Posts: 3,113
Re: what percentage of asking price would you offer ??

I always thought of it as a way to get only "serious inquries" to call but if what you think is true I would start at one dollar if they have no price in mind..
__________________
tropicalescape is offline   Reply With Quote
Old 13-02-2016, 08:54   #7
Registered User
 
OS2Dude's Avatar

Join Date: Nov 2014
Location: Atlanta, GA
Boat: Catalina 30
Posts: 144
Images: 5
Re: what percentage of asking price would you offer ??

Everything is only worth what you are will to spend on it.

What we did when we found a boat we liked was to check places like YACHT WORLD and such for selling price of similar boats in our region for an average cost. The broker that handled the sale supplied 'comps' as well. Our broker charged 10% of the sale price (Seller paid this.) Make any offer contingent on the results of a Survey and Sea Trial. Buyer pays for the Survey. If issues are found that are not necessary a deal breaker the agreed price may be able to be reduced. Get a list of issues, research repair costs and use that in your negotiation. Concessions are not guaranteed, but it is worth a shot. Be prepared to walk away if it is not worth it in the end.

I would not rely too much on NADA or KELLY type sites, as they where all WAY out of sync with recent sale data for our area.

Good Luck!
__________________
OS2Dude is offline   Reply With Quote
Old 13-02-2016, 10:18   #8
Registered User

Join Date: Jun 2015
Posts: 1,172
Re: what percentage of asking price would you offer ??

Totally depends of the absolute amount of dollars your intend to play with.

If you are buying a seagoing home for a coupla hundred grand, then bidding 60% of asking price (subject to survey and all the other stuff you need to put in the offer to furnish an escape route) seems reasonable. Seller can always counter-offer so common ground may be found.

If you are buying a toy like a forty year old Catalina 27, for instance, then whatever you wind up paying for it is "sunk cost" [not just in the accounting sense :-)] so who cares? If you get worried about the difference twixt fifteenhunnertbux and four grand, or having to walk away from five grand, then maybe sailing isn't for you :-)

TrentePieds
__________________
TrentePieds is offline   Reply With Quote
Old 13-02-2016, 11:31   #9
Registered User

Join Date: Jun 2015
Boat: Creekmore 34
Posts: 65
Re: what percentage of asking price would you offer ??

We have been both successful and happy with both extremes. When we found our "forever" boat 16 years ago, we were thrilled with the asking price and would have paid more. Not because her book value dictated she was worth it, but because she was worth it TO US. We paid full asking price.

Conversely, a few years ago, we saw a boat we want to play around with. She wasn't worth the asking price to US (though we later sold her for that exact amount). But we had to make an offer because she was unique and we thought we might like to give her a try. We offer 50% of asking price and the seller took it. So, like many people have already pointed out, a boat is only worth what YOU are willing to pay for it. There are few absolutes when it comes to boats. Best of luck.
__________________
Simply Sailing is offline   Reply With Quote
Old 13-02-2016, 11:33   #10
Registered User
 
hamburking's Avatar

Join Date: Feb 2013
Location: Kingston Ont Canada
Boat: Looking for my next boat!
Posts: 2,149
Re: what percentage of asking price would you offer ??

With "cheap" boats (under $5k), the annual cost of ownership can easily exceed the asking price of the boat. So there is an incentive to sell for any price, rather than keep the boat longer...especially if the boat is no longer being sailed/enjoyed (like an estate sale, or if the owner bought a new boat).

I say this from personal experience.

Paceship 29, purchased for $100 (one hundred, that is not a typo). Sailed it home.
Cal 25, asking price $12k, purchased for $1k.
Tanzer 22, asking $6500, purchased for $1800.

I could go on, but you get the idea.

This is my personal experience, not heresay or anecdotal evidence.
In these situations, being polite and respectful is really important.
Just because the price is low does not mean its a cheap boat.

If you want to try it out for yourself, here you go:

Kingston Yachts for Sale, New & Used Boat Sales, Powerboats & Sailboats - Kingston Yacht Sales
__________________
hamburking is offline   Reply With Quote
Old 13-02-2016, 13:23   #11
Registered User
 
Svanen's Avatar

Join Date: Nov 2009
Posts: 160
Re: what percentage of asking price would you offer ??

Quote:
Originally Posted by l2ridehd View Post
Offer what the boat is worth to you. I have seen a few that were steals at the listed price and others that were so over priced any offer would be ridiculous. So determine what the boat is worth and make the offer accordingly. Most fairly priced boats end up selling for around 90% to 93% of asking price. The operative words being "fairly priced"
Agreed. The purchaser's objective should not be to get the 'best deal' or to out-think the seller, but to pay a price he or she considers reasonable (no more, no less).

One variable that I don't believe has yet been mentioned is the length of time the boat has been on the market. Assuming that an owner is serious about selling, they should be willing to discount the asking price substantially if the boat remains unsold after several months. Not that this always happens, but then, some putative sellers either don't really want to sell, or have unrealistic expectations (not a problem: there are plenty of fish in the sea and 'cash is king' in the secondhand market).
__________________
Svanen is offline   Reply With Quote
Old 13-02-2016, 13:26   #12
Senior Cruiser

Cruisers Forum Supporter

Join Date: Dec 2010
Location: Cruising Indian Ocean / Red Sea - home is Zimbabwe
Boat: V45
Posts: 1,282
Re: what percentage of asking price would you offer ??

Yup ...... If its the right boat then 50-60% would also be my starting point. I think most of us know what price we are prepared to pay for a specific boat. Right now, and for a few years, it is a buyers market for the majority of boats. Just pay what you believe the value is to you. Trying to use percentages is rather hard as the asking price is dependent upon how the seller values his boat. The exact same boat could be $350k or $450k - so the percentage is not particularly relevant.



Quote:
Originally Posted by TrentePieds View Post
Totally depends of the absolute amount of dollars your intend to play with.

If you are buying a seagoing home for a coupla hundred grand, then bidding 60% of asking price (subject to survey and all the other stuff you need to put in the offer to furnish an escape route) seems reasonable. Seller can always counter-offer so common ground may be found.

If you are buying a toy like a forty year old Catalina 27, for instance, then whatever you wind up paying for it is "sunk cost" [not just in the accounting sense :-)] so who cares? If you get worried about the difference twixt fifteenhunnertbux and four grand, or having to walk away from five grand, then maybe sailing isn't for you :-)

TrentePieds
__________________
Bulawayo is offline   Reply With Quote
Old 13-02-2016, 13:39   #13
Registered User
 
Mike OReilly's Avatar

Join Date: Sep 2011
Location: Good question
Boat: Rafiki 37
Posts: 4,034
Re: what percentage of asking price would you offer ??

Agree with l2ridehd; offer what the boat is worth to you. Offer a bit less if you want to play the back-and-forth, but in general I dislike playing games, and as a seller, I disliked dealing with game-players.
__________________
Why go fast, when you can go slow.
BLOG: www.helplink.com/CLAFC
Mike OReilly is offline   Reply With Quote
Old 13-02-2016, 15:23   #14
Don't ask if you can't handle it
 
sailorboy1's Avatar

Cruisers Forum Supporter

Join Date: Jul 2007
Location: On the boat somewhere
Boat: Hunter 410
Posts: 12,317
Re: what percentage of asking price would you offer ??

Isn't it interesting that in these type of threads the viewpoint is that the sellers are crooks and the buyers are honest?
__________________
jobless, houseless, clueless, living on a boat and cruising around somewhere
sailorboy1 is offline   Reply With Quote
Old 13-02-2016, 15:33   #15
Senior Cruiser
 
StuM's Avatar

Cruisers Forum Supporter

Join Date: Nov 2013
Location: Port Moresby,Papua New Guinea
Boat: FP Belize Maestro 43
Posts: 6,713
Re: what percentage of asking price would you offer ??

I'm still waiting for someone to post "I want to sell my boat. What price should I ask"
__________________

__________________
StuM is offline   Reply With Quote
Reply

Tags
offer, price

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
Opening Cash Offer . Minus 30 Percent of Asking Price ? Multihull Multihull Sailboats 58 24-08-2012 14:12
Value Price So Much Lower than Asking Price rkrafter Dollars & Cents 21 05-03-2011 21:47
Asking Price vs Selling Price - Caribbean Cats? TCoach Multihull Sailboats 177 18-10-2009 07:36
Typical offering price vs. asking price? elf Monohull Sailboats 11 08-08-2007 04:51



Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 02:18.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.