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Thread: How to value a homebuilt boat for sale?

  1. #1
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    Default How to value a homebuilt boat for sale?

    Any advice on how to value a home made boat for sale? I'm going to be putting one of my boats up for sale soon and want to be sure I'm not under (or over) valuing her. I know what the build cost was and what my minimum is, but not sure that adds up to her real value.

    Any advice is appreciated.

    Cheers,
    David

  2. #2
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    Default Re: How to value a homebuilt boat for sale?

    IMHO, not much different than real estate with the exception of location probably not as big a factor for boats. After selling several small boats on Craig's list, curb appeal seems to sell them fairly quickly and at the best price. A good color, brightwork, overall quality, and " how pretty" the boat looks seems to be a marketing key. As far as asking price, a little homework looking at what's out there and pricing is a good starting point. If you built it, forget about your labor costs, that goes under the fun of building a boat.

  3. #3
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    Default Re: How to value a homebuilt boat for sale?

    Social media marketing is key as well. Create a flattering video of it both still and in use. You are selling a fantasy rather than a need. People often will rise to the market you create.
    A large nose is the mark of a witty, courteous, affable, generous and liberal man. My feature suggests an excellent side kick of good index.

  4. #4
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    Default Re: How to value a homebuilt boat for sale?

    I feel that most boats are worth less than their materials.

  5. #5
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    Default Re: How to value a homebuilt boat for sale?

    I sell small boats donated to our Sea Scout program. I list them on Craigslist for what I think is a reasonable amount. I then keep lowering the price until I get the boat sold. Not very scientific, but it works. The boats often sell for much less than I originally thought---the market is not great for any boats
    Elect a clown expect a circus

  6. #6
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    Take the material cost and halve it. If you bought a new trailer take 75% off that. Allow for the buyer to knock you down 25% from whatever that number is. And be patient.

    Sent from my CPH1851 using Tapatalk

  7. #7
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    Default Re: How to value a homebuilt boat for sale?

    Not sure about cutting my materials cost in half, but the trailer is free! ; )

    No, I'll be over my materials cost for sure, but not valuing my time of course. Materials might have been $1 - $2k at the most (need to check receipts). No one is getting Olallie for anything near that, I'll turn her into a planter first!

  8. #8
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    Default Re: How to value a homebuilt boat for sale?

    Bobcat has it right. If you want to sell it the buyer(s) will set the price. I have several in the barn that won't bring what I want so I continue to store them.
    If you don't know where you're going, you might not end up there.-Yogi Berra

  9. #9
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    Default Re: How to value a homebuilt boat for sale?

    The current price is good, particularly if the outboard is included.
    "The enemies of reason have a certain blind look."
    Doctor Jacquin to Lieutenant D'Hubert, in Ridley Scott's first major film _The Duellists_.

  10. #10
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    Default Re: How to value a homebuilt boat for sale?

    Outboard is included and in good shape. Thanks! CL ad went up today, I think it will take a while but still feels weird putting that boat up for sale.

  11. #11
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    Default Re: How to value a homebuilt boat for sale?


  12. #12
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    Default Re: How to value a homebuilt boat for sale?

    Quote Originally Posted by Chris Woodward View Post
    yes

  13. #13
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    Good luck

    Sent from my CPH1851 using Tapatalk

  14. #14
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    Default Re: How to value a homebuilt boat for sale?

    Nice boat. Worth every penny.

  15. #15
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    Default Re: How to value a homebuilt boat for sale?

    Quote Originally Posted by Chris Woodward View Post
    Nice boat. Worth every penny.
    Thanks. I love Olallie, she was "born" the same years as my first son and at a time things were pretty up in the air for me with work and housing. If I didn't feel like it would ultimately kill her, I'd just store her forever!

  16. #16
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    Default Re: How to value a homebuilt boat for sale?

    Quote Originally Posted by Phil Y View Post
    Take the material cost and halve it. If you bought a new trailer take 75% off that. Allow for the buyer to knock you down 25% from whatever that number is. And be patient.

    Sent from my CPH1851 using Tapatalk
    ^^^^This^^^^^^ (unless you find a buyer who was planning to build one himself and who wants to get it quicker because he's more of a boater than a builder)

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