Actually, if you read the details the STB enigne has 900 hrs SMOH...
"The Starboard engine was rebuilt and the Port engine gone over by Covington Detroit Diesel prior to embarking on the Great Loop trip last year and have received constant care and maintenance by her watchful owner. Full records available. Approximately 900 hours SMOH on Starboard and 2075 Total Hours on this vessel."
Having done the "Great Loop" I wouldn't consider her a "dock queen". She has a lot of miles under her keel. 900 hrs in a year not 13 years. She was only averaging less than 100 hours a year prior to her Great Loop cruise. That's not an unreasonable amount of hours. She was obviously used quite a bit.
I think her price is a good starting point but the survey will surely give you some bargaining points and the fact that the PT engine hasn't been rebuilt and will probably need it in the near future. I would make a lower offer subject to survey and specifiy a DD Mechanical Survey. With 2000+ hours on the PT engine there is high probablity that it needs majored.
The other factors to consider is how long the boat has been on the market? Boats of that size and price range are sitting on the market for quite some time. If you have a smaller boat to trade you might throw that into the mix as well. Some owners are desperate to get out and will consider a smaller boat as it will typically sell easier. The broker is advertising a $70K reduction in price. The seller could be getting pinched financially and needs to get out.
AHHHH! lol Good points. But she "was" or "now is" a dock queen. Don't get me wrong this is a very nice yacht and with money being no object i would buy it. But I happen to think she's pricey, maybe they will knock the price down and just hoping someone will come and get it.
But a few things come to mind. 13 year old diesels shouldn't need a "rebuild". He spent LARGE amounts of money on this and looks (in price) he's passing it on. (Didn't we just have someone repower and value didn't go up?) A Diesel engine's worst nightmare is to sit without running. That makes me think dock queen at some point. One engine gone over, one engine rebuilt? That sat at one point for a long time without use or care. Someone couldn't run the engines twice a month? So somewhere some care for the engines went missing. I have a DD that's 30ish years old and runs like the day she was built. I know many people with 30ish year old DDs and run like new. But 1 or 2 years of abuse can change that!
Plus, if you rebuild an engine in a car or "repower" a car you do not get the money back. Boats are the same thing. YOU do NOT get your money back on engine repair! I'm Sorry guys it just isn't right to ask for rebuit money back in the purchase price. You can get "some" of the money but only about a third. This is one of the reasons a lot of these boats are way over priced. If it was the case why not pass along the price of oil changes, wax jobs, bottom jobs, paint jobs, etc. Well paint can sometimes help but you get my point. If you replace the generator you can't ask but for a third of it from the buyer and sometimes you have to take the loss in fair market value.
I would bet money that a fair market value of this boat would not equal the selling price. Fair market means with what the boat has it's services, etc. Not what the owner paid to fix everything up. That's just silly. That's why you should not look to sell a restored boat until you'd owned it for a while. (5 years at least!)
The current owners might of went on the loop, but it sounds like afterwards she's sitting and before the 2005 owners she sat a lot. She was at some point a Dock queen...
Maybe the seller didn't think about how much it cost to slip a 60 footer with an 18 foot beam. I'd say they bought more boat than they could 1) afford 2) needed. Why would you sell such a nice yacht if it was so perfect. Has to be money issues i believe. Anyways she is a very beautiful yacht! I just don't think it's worth $795,000
