Man are boat prices going up

Phil S said:
I just got an email from BoatTest, announcing the new Formula 500 crossover with quad V12s. Just for laughs I did a "build" and it's 2.5 mil right out of the gate!
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My covid checks will pay for that.
 
El Capitan said:
Everyone who purchased at these Covid prices are going to regret it. Every bubble bursts.
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Agree or at least put down a nice down payment like 20% to 30%. If you can't do that, you will when you sell after the bubble. And that sucks when upside down. Been there - done that - back in 2008 with a boat. Never doing it again. On the flip side, my 2007 44 has gone up in value $30k in one year and bought her one month before covid shutdown. Who knew... so I guess between 2008 and today I am now even.
 
As my old man used to say..."I'd like to sell this house and move into a tent". The problem is when prices go up, in order to capitalize, you have to "be out" for a bit. Are you willing to take that risk?

Jaybeaux, channeling Fred.
 
Jaybeaux said:
As my old man used to say..."I'd like to sell this house and move into a tent". The problem is when prices go up, in order to capitalize, you have to "be out" for a bit. Are you willing to take that risk?

Jaybeaux, channeling Fred.
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So I guess we need to have 2 boats? 1 to keep and 1 to sell. I wished I had a second piece of property cuz I would sell my house right now for a $h!tload and live in a tent (well maybe a really nice 5th wheel) lol
 
I have a 1990 39 Express that I am selling. Asking prices on Boat trader for the clean boats such as the one I am selling are in the upper forty thousand range. A potential buyer toured the boat and then offered thirty two thousand. After getting a good chuckle out of the offer. I told him low balling in todays market will not buy a clean boat.
 
I seriously thought about selling this year and going a year without a boat. My wife quickly shut that down... We bought our 420 sedan bridge in 2019, paid 189k and we bartered the guy a bit. The boat is immaculate with all kinds of upgrades from 2017/18. I'm thinking i could have offloaded it this season for 240-250k. It made me think hard...
 
Golfman25 said:
Things are nuts. Called on a boat yesturday, a few hours after it was listed. Wanted to see it tomorrow. Ready to do a full ask price deal. Guy won't show it. Has another "potential buyer." I'm done with this chit. Ready to spend my money on hookers.
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Another day, another disappointment. Guy tells me his “buyer” is having trouble getting financing. I make appointment to see the next day. Go to do a deal and the balks at a survey and says the other guy got his financing and doesn’t need a survey. WTF. So done.
 
Golfman25 said:
Another day, another disappointment. Guy tells me his “buyer” is having trouble getting financing. I make appointment to see the next day. Go to do a deal and the balks at a survey and says the other guy got his financing and doesn’t need a survey. WTF. So done.
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Were I super committed to selling this year I think I'd just join one of those "freedom boat clubs" or the like for this summer. I generally love the process of searching, seeing, wheeling and dealing. But I think the current market has taken all the fun out of it.
 
Stee6043 said:
Were I super committed to selling this year I think I'd just join one of those "freedom boat clubs" or the like for this summer. I generally love the process of searching, seeing, wheeling and dealing. But I think the current market has taken all the fun out of it.
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That it has. Everyone is busy. No call backs. Tough to get techs to do compression checks, etc.

In my case the boat was sold to a newbie buyer without a survey. I know there are issues with it that need attention that he has no clue about -- like the high mosture in the bow that needs addressed before it become rot and delamination and leaking shaf seals. Oh well.
 
craigswardmtb said:
I seriously thought about selling this year and going a year without a boat. My wife quickly shut that down... We bought our 420 sedan bridge in 2019, paid 189k and we bartered the guy a bit. The boat is immaculate with all kinds of upgrades from 2017/18. I'm thinking i could have offloaded it this season for 240-250k. It made me think hard...
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I think you’re low. My boat is selling higher then $250k.... I had a $280k offer the other day....a couple fresh water 2005’s sold over $300k
 
If I was younger and healthy i would have sold without replacing until market correction. But when your 64 and just had a heart attack its not time to quit, we enjoy it to much not to have a boat. We purchased a 44DB and sold a 390My and enjoying making the 44DB ours. Life is to short not to have fun and have something to tinker with.
 
A marina neighbor Bob, just sold a rat of an 88 37 foot Avanti for $25,000 no survey, He was looking to move to Sea Ray 390 Sundancer in the 100K range but a clean 1998 330 Sundancer got listed by the broker at the marina. Bob let one of the sales guys know what he was looking for so the sales guy called Bob before he placed ads or event put a sign on the the boat. The boat is very clean with 500 hrs and Bob picked it up for $37,000. I checked out the boat today and could not believe how clean it was for that money. There are some good deals out there but they are few and far between.
 
My wife and I looked for a boat for 2 years. Could never find a clean boat that looked like the pics posted. We finally found one and couldnt find a slip to put it in at the lake we want to be at. We finally found a slip and looked for a boat to fit the slip. Smaller boat then we initially wanted but a boat just the same. Having it shipped there in 3 weeks.
Boaters finally again after a hiatis with children for a 13 yr stint. Excited to actually be boating again.
2005 Sea Ray 300
Smith Mountain Lake VA
SmartSelect_20210416-075141_Facebook.jpg
 
My friend just sold his very near to seven figure boat in one day for full ask. The boat never made it to Yachtworld. The kicker is he gets to keep the boat to the end of August 2021 and run it. Buyer knows he is out cruising the boat and will put an easy 300 hours on it be the end of August. The funds to complete the sale are in escrow waiting for the boat to be delivered with no contingencies.
 
I'm not even looking but came across an ad online for a 1999 SeaRay 370.... Last year asking prices for 98-99s were 60k-70k all day long. Asking price now was 110k!! I thought it had diesels but nope!
 
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