Had our survey
done on the Gemini
and just received our surveyor's report. I had a question that you might be able to help us with.
The valuation listed on the survey
by the surveyor
was $9,000 more than what is listed on BUC for the same boat in average condition. We thought the boat was slightly below average, lots of maintenance
items not taken care of, a dinghy
with a seized motor
, a bulkhead saturated with water
from the chain plates, etc.
I then checked NADA (not the best source I know) and the survey is $17,000 more. Then just for laughs I checked ABOS, but could not get the same year. I did get a year earlier, and that was $37,300 different, granted you have to make adjustments for the difference in years.
I then called the surveyor
to see what he used for his valuation and was told he didn't just use BUC or ABOS but figured market conditions as well. Is this accurate?
Based on the condition of the vessel and the items that have to be addressed we were planning on lowering our asking price
to take care of them and bring us more in line with BUC guidelines of a vessel in BUC condition or slightly below. Now I'm not sure that we can...