Guidelines for selling our H22

[Squadron]

Hey guys,

I'm looking for a little guidance on listing our H22 for sale. Unfortunately, my wife gets terribly seasick every time she looks at the boat and nothing we do can make it better. We've tried all sorts of drugs, home remedies, and even a minor sacrifice to Poseidon to keep it from happening and it just keeps happening.

Because of that, we're going to sell it. However, as I go through that process I'm genuinely curious as to how to go about determining how much to sell it for. We are currently using a "how much we bought it for" + "how much we have put into it" - "deterioration" value, and have arrived at a number we will call "X".

However, I've looked at all of the sold eBay listings for sailboats similar to ours (20-30') and the average is basically X / 2.

This seems to oversimplify the problem though, since these boats can be extremely varied in what their shape is.

How would you guys go about pricing the boat? Would you simply list it for a certain value and wait for counter offers?

If you can't tell, I really haven't done a whole lot of big ticket sales.

EDIT: It looks like I may have posted this in the wrong forum, considering that the H22 is a small boat. I can't figure out how to delete the post, if a mod sees this could they move it?

 

[Saillife]

Sorry to hear that about the wife. As to your question, I always check what everyone else is listing it at. Check what yacht world has them listed at. You'll never make money on a boat.

 

[Squadron]

Thanks, I'll check what Yacht World lists them at. I'm not expecting to make money on it, but since we ended up having to buy a new motor for it I'd at least like to recoup some of that money.

 

[Benny17441]

Must buyers will base the price on the boat (year, model and condition) and consider a new engine as gravy. If you sell them separately you may be able to get more money. You can list the engine and then keep the boat to showcase it for the sale. People would rather purchase an engine that they can see in operation as opposed to one on a stand in a garage. Once you sell the engine then you go out and purchase a less expensive,used, 4-6hp for a couple of hundred bucks and then list the boat. You will likely get a similar amount as you would have with the new engine. You could pocket the difference between what you sold the new engine for and what you paid for the used one. Now you would have to figure if that difference is worth your while in doing separate listings and finding a fair used engine. Our friends wife always gets seasick her first day out but after that her system adapts and she is good for a whole trip. We have not figured out any working remedies and have tried most from pills to patches to electronic wrist giztmos. Somehow the fact that she knows that by the 2nd day she will be fine helps her to get through that first day. She will stay up in the cockpit until its time to hit the berth and by the next day its gone.

 

[RMadewell]

I use the NADA guide, http://www.nadaguides.com/Boats to establish a somewhat reasonable expectation of value for the boat and motor, then use ebay, craigslist, etc. for the local area to see what comparitive boats are going for, adjusting asking price accordingly.
My wife has the same problem. Luckily, ginger keeps it in check for her on all but the most blustery days.
Good luck....