how to price used boat

3

340master

New Member
Aug 2, 2016
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Boat Info
2004 340
Engines
8.1 Inboards
2004 Searay 340 sundancer, ~72 hours, 19 hr on generator, Bottom paint good condition, manifold riser 3 yr ago, well maintained, waxed detailed....
how do I figure out pricing ? how do i take into account a new vessel view 4, new battery charger, new batteries, new simrad electronics etc... any help appreciated
 
sfergson727 said:
You could start by supporting the site, which would allow you to place a free classified ad.
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Excellent point!

Very popular boat - maybe the most popular boat Sea Ray ever built. Low hours for the age - I would wonder a bit.

Your question is so lacking in details. This forum is a pretty technical, knowledgeable group. Without more details, pics, would tough to answer your question.
 
Those hours would almost scare me! That thing has barely been used.

The answer to your question is an easy one (in my opinion). Check other listings. There are hundreds of 340's for sale in this country at this very moment. Finding average list price based on options and year would take you an hour or two with a spreadsheet.
 
Go to NADA dot com. Select your boat, check off the items you have on your boat and the site calculates out the resale price for high end, low end and avgerage. This is just a guide. Once you have this information, you can do what the others have suggested and see what's already on the market in your area and price accordingly.

Remember, the boat is worth only what someone is willing to pay.
 
Its worth what the rest of them on yachtworld are SELLING for (note, not listed for)......the fact yours has low hours and some new stuff just makes it easier to sell....
 
My best guess is its worth about $100. what is your number? I will take it today:lol:

Seriously though, sounds nice. good luck with it
 
Boater420 said:
Go to NADA dot com. Select your boat, check off the items you have on your boat and the site calculates out the resale price for high end, low end and avgerage. This is just a guide. Once you have this information, you can do what the others have suggested and see what's already on the market in your area and price accordingly.

Remember, the boat is worth only what someone is willing to pay.
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Solid advice.
Price the boat realistically, and it will move quickly. My boat sold in June to the first guy to look at it less than 24 hours after I listed it. Once it was gone I had two other acquaintances who knew the boat tell me that had they known that I was really going to sell it they would have bought it, so don't forget to let friends know it's for sale. You'd be surprised how many people will take the plunge on a boat they know.
I'm shopping for a bigger boat now (bigger than what you are offering) and a common statement by sellers is "they're going for X on Yachtworld". What they don't mention is that most of the stuff on there has been on there for a really long time, a year or more in some cases, and probably isn't moving because it's priced too high.
Best tip I can give you as a seller is to make sure that everything on the boat works as it should, and take care of anything that needs to be done cosmetically including a good cleaning. That alone will set you apart from a majority of the other sellers out there. I think that a lot of sellers feel that they've lived with a boat's shortcomings, so the next owner will accept them, or they are dead set against putting money in to a boat they are selling.
As a buyer, I don't want to pay what to me is a lot of money for a boat knowing that I have to put more money or labor in to it as soon as I take possession.
As far as electronics are concerned, it looks like you've done some updating. That's a good thing. Technology changes rapidly and takes a beating in a marine environment. Everyone wants the newer stuff. Any electronics that are more than 5 or so years old, or more than a generation behind, usually have no value to a potential buyer.
You'd be surprised at what people are willing to show and ask big money for.
If there is something that needs attention and you aren't going to take care of for any reason, be upfront about it and factor it in to the price to make it more palatable to the potential buyer.
 
Awesome, thanks for the honesty and detailed answer, the boat was taken care of ... just not used as much as planned and better to sell than not use it as they say ..... I may be looking just at a newer boat with joystick easier docking and maybe an outboard less need for bilge access and motors easier to work on...

I did take a look but not really sure how to compare to those with so many more hours some have over 350 -650 hours.... It is true what you said a majority of boats that I saw for sale need a a DEEP cleaning esp in the bilge..
 
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I mean it was taken care of, annual maintenance etc, awesome condition just didnt get as much use as I thought ..... or wanted
 
Thanks ill take a look at that, had not really had a chance to explore the site in its entirety yet.
 
I'm not trying to buy your 340. But I'm in the market for one. I'm actually working with a broker. My experience as a I buyer might help you. I've been in the market for a 2003-2008 340 since May. I've looked about 12 boats. It has been really difficult and disapointing. 75% of the boats for sale are a waste of time. There are over priced or in terrible condition or both. You can't believe anything they say on the ad. After looking lots of boats I can tell the condition from the pics. For example if the pics show a worn out steering wheel or different than OEM, plus pink color on the stair steps and dirty engine room is a boat in bad shape for sure.
There were 3 boats that I really liked and they sold before I could made an offer. They all had bow thruster. Good boats sell fast. If you want to sell fast be very honest about the boat and price it right.
I'm looking for a nice almost perfect boat ( I'm willing to pay top dollar in this case ). Or a not so great boat that I can improve and add all the goodies that I like. The most that I would pay is $110K ( provably for a 2006 - 08 with BThruster) the lowest about $65K for a boat in need of TLC but clean. Lower than $65K is a project boat or a as is repo.
I'm passing on boats with: more than 600 Hrs or less the 250 Hrs, dark hull (blue or green), fisherman model or far away from home ( NC). Thing that must have: new or recent exhaust, vinyl and canvas in good condition, clean interior, oem steering wheel, clean engine room ( no rust on top of the Gen, rudders, etc) . I really want it to have a bow thruster, custom mattress, camper, SS windshield frame and a deck cover.
I haven't seen yours. I can't tell you how much I would price it or pay for it. But there you have a range ( $65K-$110K) depending on condition and equipment. Nice electronics is a plus but you won't get your money back.
If I get a cross your boat I won't like the extremelly low hours. I might think that it was re powered, sitting for a long time or the hours are not real. (Please don't take personal I'm just trying to tell you what potential buyers might think about your boat). If you have used it constantly and you have done maitanance just show proof of it. This would solve the low hours problem.It would make it a plus.
The best advice is to be very honest, for the pros and cons. Take nice honest pictures and a lot of pics. When I see an ad with no engine room pics I assume that is because it is in very bad shape. Don't be afraid of showing the ugly. Just price it right.
 
Stay under $100K and, after offer and counteroffer, expect to sell it at $90K (assuming is a V drive and fresh water cooled}.
 
You skipped right over the fact your boat doesn't have enough hours on it. Any body that knows boats will not take yours seriously. The hardest thing on mechanicals is not using them. I bet you havent changed the oil in the motors by the manafacturers guidelines. Has the maintenance been done?
Low hours are as bad as high....
 
yv1 said:
I haven't seen yours. I can't tell you how much I would price it or pay for it. But there you have a range ( $65K-$110K) depending on condition and equipment. Nice electronics is a plus but you won't get your money back.
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I'm not sure your budget is particularly well aligned with your year range and expected condition. In our area (freshwater) I've seen bristol 340's in the old body style sell for the upper limits of your price range. You could easily spend $65k for a moderate/well maintained '99-'01, not even close to bristol condition. If you're looking for the newer body style I'm going to wager that your upper limit is not going to get anywhere close to "nice almost perfect" with the typical options.

Salt water? I have no idea.
 
Get out and run it. I bought my 05 with 120 hours on it. Genny had 14 and 4 of them were from the shop to get it running. It was (is) in Excellent condition - definitely does not look like a 10+ year old boat. That's what I wanted. What I learned is... a lot of things degrade when not used. The hoses, impellers, tubes, drain lines, etc atrofy when not used. They "look" good, but don't necessarily work good. I had a lot of things break down on me in the first month. Just had to exercise all those dusty deamons out. Searching for an upgrade right now, and I'm looking for something with reasonable hours on it with good records and a good owner. I'd rather buy a live-aboard boat where the owner has caught little things and cared for it like it should be...not stored, neglected and wasted.
 
Yes oil change every year even though the hour requirement wasn't met and the annual service component inc trans when necessary, spark plugs etc, transmission by a certified Mercruiser Dealer/ Searay Dealer, diver cleaned and zincs etc. It has been well maintained.... all documented so yes a buyer that is really interested will take it seriously. I have pics when she was pulled for bottom same time risers and manifold replaced etc. Shes in good condition just not used as much as I wanted. and I would agree with the other statement 65K is a very low price for this model year I've seen most priced 89K-150K in the southeast and the stairs turning pink is just a normal component of the vinyl stairs.
But i do appreciate all the help and feedback/comments
 
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Stee6043 said:
I'm not sure your budget is particularly well aligned with your year range and expected condition. In our area (freshwater) I've seen bristol 340's in the old body style sell for the upper limits of your price range. You could easily spend $65k for a moderate/well maintained '99-'01, not even close to bristol condition. If you're looking for the newer body style I'm going to wager that your upper limit is not going to get anywhere close to "nice almost perfect" with the typical options.

Salt water? I have no idea.
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I've looked at 4 boat that have sold recently. One 2004 top condition fresh water went for $105. Another 2004 top condition plus BT $105K ( Chesapeake). Two salt water, one in CT (2003) and one SC (2006). One sold for $89K the other $101K. Its possible that a 2008 might go for $120k or more.
 
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