LISTEN TO THESE GUYS!!! They have all made the mistakes and have a grate knowledge of these old boats. ALL THAT GLITTERS ANIT GOLD just painted white..... Take the NADA book to the out house and use it for paper. Good luck
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Re: How accurate is NADA boat value on a 1970 53' Motor Yacht
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Re: How accurate is NADA boat value on a 1970 53' Motor Yacht
Mike,
"SeaWhisperer"
1969 Hatteras 53' MY
Morehead City, NC.
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03-03-2015 04:54 PM #23Senior Member
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- Mar 2015
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- 66
Re: How accurate is NADA boat value on a 1970 53' Motor Yacht
Wow. I did not expect so much information and assistance from you guys. You all really have gone "overboard", pun intended, in helping me out.
I will make another call to the broker and see where we go from there.
Please don't stop giving more advice. This would be the first yacht I've owned. Largest before this was a 38'.
Regards,
Douglas
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03-03-2015 08:37 PM #24Senior Member
- Join Date
- Aug 2012
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- 681
Re: How accurate is NADA boat value on a 1970 53' Motor Yacht
Hi douglasl
Lets see...Exhaust Manifolds, Mold, Water Damage, Core Delamination, Leaky Corroded Window Frames, AND it needs paint??? $175,000??? Are you kidding???
For the sake of argument, this sounds like an "average" 1971 53. NADA might be closer than you think. $47,950 in actual "trade value" dollars? Sadly, It sounds about right in this case. 5 years from now, the current owner will probably take that offer!
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Re: How accurate is NADA boat value on a 1970 53' Motor Yacht
At this price range there are, I believe, far better boats available. Don't step up to the bigger boat without stepping in the right direction. Double the repair and refit budget you think you'll need. Then double it again.
Be willing to spend a few more dollars to get to a better starting place. It will pay for itself, and you'll enjoy it more.
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03-03-2015 10:14 PM #26Senior Member
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- Sep 2012
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- 108
Re: How accurate is NADA boat value on a 1970 53' Motor Yacht
Listed for 179,900 and owner turned down an offer of 175000? Not likely.
Lots of serious structural work needs to be done according to the survey. And paint, on top of those costs. Run, Forrest, run.
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Re: How accurate is NADA boat value on a 1970 53' Motor Yacht
They are ALL entirely correct. This is a hole in the water which will suck in your bank account and leave you nada. Speaking of Nada.
Keep looking. There's a nice Hatteras out there with your name on it. You cannot put lipstick on a pig- well, you can, but you will still have a pig and a foolish-looking one in the bargain. Wait for a good boat with solid systems and structures, not something that is waiting to ambush your bank roll.
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Re: How accurate is NADA boat value on a 1970 53' Motor Yacht
An excellent point. Someone isn't telling you the truth.
This sounds like a boat that would not even be worth the price in the forties- at least in the sense that you would have to spend far more than that to get it into decent usable shape.
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03-05-2015 12:47 AM #30Senior Member
- Join Date
- Jan 2006
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- 822
Re: How accurate is NADA boat value on a 1970 53' Motor Yacht
Have any of you guys looked at the pictures of the engine room?
It appears to have new ac units, the exhaust insulation isn't 40 years old.
The engines have 350 hours. Unless they were rebuilt by a dealer and come
with some type of warranty,that may or may not be worth anything.
Get somebody that knows something about the systems involved and find out what you have.
Not trying to be a smart ass but you're going to have to do a little more homework than asking
"what's this boat worth". The price sounds high for today's market but condition is critical.