Establishing the monetary value for a boat is one of the most important and sometimes the most difficult aspects of dealing with pleasure boats, from the perspective of the seller but of course also for other parties such as buyers, brokers, insurers and marine surveyors
For the seller, pricing the boat well will make the difference between walking away with the right amount of funds to but an even bigger and more performing watercraft, or finding himself undersold and unable to retrieve its investment in full.
Even if you are buying, or trading in used boat for a new one, you should not let anyone fool you into believing that you should get anything but the best from the arrangement, and for this it is crucial that you manage appraise your boat correctly as a precursor to getting the best value out of it. .
For both boat buyers and sellers, it is a hard evaluation to make, especially because boat prices fluctuate a lot due to circumstances that are hard to understand, not only due to perceived value but also due to factors such as seasonality and location. It is easy to enter what looks like a great deal, only to later discover that you have been had.
To do the evaluation right, there are two principal routes: One is to employ a professional appraiser, the other one is to do it yourself. Hiring a broker is the easier and quicker solution, but it is not automatically the best option.
But then again, doing your own evaluation is a perfectly legitimate tactic, as long as you are willing to put in some work to educate yourself. And believe it or not, many people manage to do their evaluation better than the professionals.
To become your own appraiser for boat values, you need to look at as many resources as possible - and there are plenty of books and websites on the subject. Your aim should be to come up with realistic minimum and maximum process for the kind of boat you want or are about to sell.
For this, trade magazine classifieds (whether online or offline) are a fantastic place to start. Systematically collecting and comparing ads for similar boat classes over time will give you a very good idea of offer and demand, and therefore of current price levels.
Marine get-togethers such as boating festivals are also a great source. At your local marina, you could just meet the right experienced seaman who is willing to chat about boat values with you, giving you the insights you may have missed.
New boat exhibitions are good to gauge current fashions. Fashionable items demand a better price, and you can increase the value of your marine transaction by finding out what features and accessories are currently over- or undervalued. - 31512
For the seller, pricing the boat well will make the difference between walking away with the right amount of funds to but an even bigger and more performing watercraft, or finding himself undersold and unable to retrieve its investment in full.
Even if you are buying, or trading in used boat for a new one, you should not let anyone fool you into believing that you should get anything but the best from the arrangement, and for this it is crucial that you manage appraise your boat correctly as a precursor to getting the best value out of it. .
For both boat buyers and sellers, it is a hard evaluation to make, especially because boat prices fluctuate a lot due to circumstances that are hard to understand, not only due to perceived value but also due to factors such as seasonality and location. It is easy to enter what looks like a great deal, only to later discover that you have been had.
To do the evaluation right, there are two principal routes: One is to employ a professional appraiser, the other one is to do it yourself. Hiring a broker is the easier and quicker solution, but it is not automatically the best option.
But then again, doing your own evaluation is a perfectly legitimate tactic, as long as you are willing to put in some work to educate yourself. And believe it or not, many people manage to do their evaluation better than the professionals.
To become your own appraiser for boat values, you need to look at as many resources as possible - and there are plenty of books and websites on the subject. Your aim should be to come up with realistic minimum and maximum process for the kind of boat you want or are about to sell.
For this, trade magazine classifieds (whether online or offline) are a fantastic place to start. Systematically collecting and comparing ads for similar boat classes over time will give you a very good idea of offer and demand, and therefore of current price levels.
Marine get-togethers such as boating festivals are also a great source. At your local marina, you could just meet the right experienced seaman who is willing to chat about boat values with you, giving you the insights you may have missed.
New boat exhibitions are good to gauge current fashions. Fashionable items demand a better price, and you can increase the value of your marine transaction by finding out what features and accessories are currently over- or undervalued. - 31512
About the Author:
BoatValueWorld.com is the premier resource for boat prices on the Net, with updates on topics such as yacht prices, as well as on boat sale negotiation, value-for-money refurbishments, handling transactions - and much more!
