| I had typed in the complete chart of relative boat prices in the US
from the BUC book when I noticed the following statement posted on the
back cover:
"Reward to anyone identifying persons, firms or agencies who have in the
past or are currently excerpting, and incorporating any parts of this
copyrighted work into any electronic retrieval or computer system
without written permission from BUC Research."
I suspect that they are really trying to prevent someone from building
(and selling) a database service, and not our friendly noting
conversations. However, just to be on the safe side, I'll simply answer
the question.
Boat prices in the Great Lakes region (all categories and lengths) tend
to be about %5 higher than New England.
Contact me for details.
JR
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| I've been contacted by a broker friend of mine who is interested in
having me put my boat on the market. He said that soooo many boats were
wiped out in the Hurricanes this year that the used boat market has
really picked up and I should be able to sell my boat for a tidy
profit.
Has the used boat market increased dramatically lately? Any idea what a
1981 Alden 36 would list for in todays climate? I must admit, with the
way things are right now, getting out of debt has a certain allure, but
it would have to be a big allure, a.k.a. real nice profit, to convince
me to part with my "baby". Anyone have any thoughts on this or know
what my boat would would list for?
Regards,
Robert
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| re .2:
Hmmmmm. I read somewhere (Practical Sailor, perhaps) that someone in the
marine business estimates that very few boats (on the order of 10%
maybe) severely damaged in the recent hurricanes will be repaired. If
so, this might contribute to localized improvements in the used boat
market in the areas most affected by the hurricanes. I find it a little
hard to believe that enough boats have been destroyed to significantly
improve the general, overall brokerage market.
As to making a profit ...... Is your broker friend will to accept no
commission? After subtracting the usual 10% commission from the sale
price and taking into account the survey you paid for when you bought
the boat, loan interest, dockage/moorage, taxes, repairs, improvements,
winter storage, etc, I'd be surprised if you can make a real profit. True,
boats are selling. A friend of mine recently sold a Bristol 35.5 he'd
owned for two years and had had on the market only a short time.
Unfortunately, the sale price (before commission) was $1000 less than
he'd paid for the boat. Not even close to a profit here. Probably the
only way to make a profit is to invest the sale proceeds in a good
mutual fund (or some such) and wait. This ain't as much fun as sailing,
however. As the joke goes, the fastest way to make a million dollars in
boats is to start with two million.
Alan
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