I was wondering if anyone that had a BUC book could look up my boat as I'm about to put it up for sale and want to know a fair price range. It is a 1988 28.5 yanmar 16hrs inb., roller furling, wheel, new bimini, new head(and plumbing),new charger and 2 batts, and, overall in great condition. Thanks alot.
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Pete
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Marc Honey
Forums
Go to "The Boats" forum/listing in the far right column on the home page and then click on your model...28.5..then click on boats for sale and you'll get a sampling of models like yours for sale around the country. That's a great guide for what other owners think their boats are worth. I think the $22-25,000 range is fairly accurate.
Go to "The Boats" forum/listing in the far right column on the home page and then click on your model...28.5..then click on boats for sale and you'll get a sampling of models like yours for sale around the country. That's a great guide for what other owners think their boats are worth. I think the $22-25,000 range is fairly accurate.
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Jim McCue
Geography sensitive?
Assuming the" same" boat,I suspect that the higher values are in southern areas where the sailing season is longer. Any ideas? Jim McCue
Assuming the" same" boat,I suspect that the higher values are in southern areas where the sailing season is longer. Any ideas? Jim McCue
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Peggie Hall/Head Mistress
Could be just the opposite, Jim
There are a lot of factors that go into the "fair market value" of any boat., and when it comes to salt water boats, the rule of thumb is: the further south you go, the lower the price. Prices are typically much lower in FL than anywhere else because the tropical sun takes a definite toll and an abundance of any make/model/year, power or sail, creates what amounts to a glut on the market. Otoh, boats that have never been in salt water, no matter where they are, typically command higher than "book value" prices. Some boats are "hot" in a particular area, for a variety of reasons: a very aggressive dealer, perceived value vs. price for the type of use--that MIGHT drive the price up, or it could drive the price down if that aggressive dealer has created his own glut on the market for a particular model. Then there are boats you can't give away in a particular area--'cuz they're "purpose built" and that area doesn't offer any way to take advantage of the purpose for which the boat was built (I don't think there's much of a market for a 50' performance sailboat on my waters--Lake Lanier north of Atlanta)....that definitely drives the price down unless the boat is big enough to attract long distance buyers and has something special to offer--like freshwater use only. Local economic conditions play a role...more people are selling than buying in an area where the biggest major employer just closed their plant and threw 2500 people out of work. There's only one way to determine the fair market price for any boat, where it sits: a survey. That doesn't mean the SELLER should commission a survey--no buyer in his right would accept a seller's survey anyway. But any offer a buyer makes should be conditional on a survey, cus only a survey can assess what a boat is worth based on condition and local market factors. Sellers can get a pretty good idea of what to ask by checking other local ads for comparable make/model/year boats. BUCNET and NADA provide a jumping off place, but they're not gonna tell you what the market will bear in your particular area, they only reflect the national average...your boat may fetch more...it may fetch less...it all depends on the condition of your boat, what it does or doesn't have to offer that the competition does or doesn't, and what the rest of the local market is doing. But reading the classifieds along with the price guides will give you a pretty good idea of what price RANGE is likely to attract buyers.
There are a lot of factors that go into the "fair market value" of any boat., and when it comes to salt water boats, the rule of thumb is: the further south you go, the lower the price. Prices are typically much lower in FL than anywhere else because the tropical sun takes a definite toll and an abundance of any make/model/year, power or sail, creates what amounts to a glut on the market. Otoh, boats that have never been in salt water, no matter where they are, typically command higher than "book value" prices. Some boats are "hot" in a particular area, for a variety of reasons: a very aggressive dealer, perceived value vs. price for the type of use--that MIGHT drive the price up, or it could drive the price down if that aggressive dealer has created his own glut on the market for a particular model. Then there are boats you can't give away in a particular area--'cuz they're "purpose built" and that area doesn't offer any way to take advantage of the purpose for which the boat was built (I don't think there's much of a market for a 50' performance sailboat on my waters--Lake Lanier north of Atlanta)....that definitely drives the price down unless the boat is big enough to attract long distance buyers and has something special to offer--like freshwater use only. Local economic conditions play a role...more people are selling than buying in an area where the biggest major employer just closed their plant and threw 2500 people out of work. There's only one way to determine the fair market price for any boat, where it sits: a survey. That doesn't mean the SELLER should commission a survey--no buyer in his right would accept a seller's survey anyway. But any offer a buyer makes should be conditional on a survey, cus only a survey can assess what a boat is worth based on condition and local market factors. Sellers can get a pretty good idea of what to ask by checking other local ads for comparable make/model/year boats. BUCNET and NADA provide a jumping off place, but they're not gonna tell you what the market will bear in your particular area, they only reflect the national average...your boat may fetch more...it may fetch less...it all depends on the condition of your boat, what it does or doesn't have to offer that the competition does or doesn't, and what the rest of the local market is doing. But reading the classifieds along with the price guides will give you a pretty good idea of what price RANGE is likely to attract buyers.
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Stephen Ostrander
agree with Peggie
Great Lakes and/or freshwater boats are supposedly worth more for the reasons that Peggie described, but in the end, a boat (or a car, or a house, or anything) is only worth what someone is willing to pay for it. $22,000 is a good asking price for a 28.5, but it depends on area, market, condition, extras, season, etc. I've seen these boats go for as little as $11,000 for a repo with no sails, to someone who was asking $28,500.
Great Lakes and/or freshwater boats are supposedly worth more for the reasons that Peggie described, but in the end, a boat (or a car, or a house, or anything) is only worth what someone is willing to pay for it. $22,000 is a good asking price for a 28.5, but it depends on area, market, condition, extras, season, etc. I've seen these boats go for as little as $11,000 for a repo with no sails, to someone who was asking $28,500.
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Jim
Recently sold
I recently sold a 1987 28.5 with roller furling, new head, new dual battery & charger, pretty good shape with good sails and bimini. Cabin sole will need replacing soon. $19,500 Panama City, Florida Jim
I recently sold a 1987 28.5 with roller furling, new head, new dual battery & charger, pretty good shape with good sails and bimini. Cabin sole will need replacing soon. $19,500 Panama City, Florida Jim
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