hatteras45
Active member
- Joined
- Apr 12, 2005
- Messages
- 83
- Hatteras Model
- 45' CONVERTIBLE-Series I (1968 - 1975)
Eric, Have you been aboard "SABRINA"
So true and in this market no one really can say what that price is until a viable deal comes along. A buyer would be foolish not to try and get a deal. Low ball offers are only a starting point. If the buyer and seller are serious, they will negotiate up and down until they reach a deal or each has reached their limit. If you outright refuse to negotiate, you might miss the right deal.A boat is worth what someone will pay for it, period.
Captned
MBMM
I understand were your coming from and listing at a fair price is a smart move. However, most buyers in this market are looking for bargains and will start with a lower offer. If I am willing to spend $200K for a particular model and find a good one for $180K asking, I'm still going to offer low and see where I end up. Even if I'm willing to pay the $180K asking price. Smart buyers understand there are more boats available than there are qualified and willing buyers. Only a fool wouldn't try to use this to their advantage. If the boat is truly priced right, it should sell. Unfortunately for sellers with so few willing and able buyers compared to sellers, the 2 don't always meet.Jim not always true.
I know a vessel listed at 159 that the 125 offer was turned down but they will take about 140-150. They are listed closer to reality to get attention. If you search for boats near your price range they want to be included. having a 25% buffer is not a luxury for many. If I want people to see a boat I list I need to get the price low enough to be considered.
There are a lot of homes in pre-foreclosure. Banks are letting things go a lot longer because they don't want to take possession of the properties. NJ prices started coming down late last year and are now really coming down. Prices down the shore started coming down sooner and are falling faster. Makes sense since they went up higher and faster during the boom. Still hard to find a good home for under $1mil but they are out there now. There are about 170 properties listed for sale in Rumson. at least 100 of them are over 1.2mil but only 4 are over 5mil. 2 years ago there would have been at least 15 priced between 5-10mil. Way too rich for my blood.Yea Jack, I lived in Rumson which is close to where you live. Prices were off the wall when I left for N.C. Offers on houses were above listings and not in the real world. You had to offer above listed just to get noticed. How are things up there now? I heard there were 200 plus houses in Rumson in forclosure however source not really a good one. Is that true?
Skip
Jim not always true.
I know a vessel listed at 159 that the 125 offer was turned down but they will take about 140-150. They are listed closer to reality to get attention. If you search for boats near your price range they want to be included. having a 25% buffer is not a luxury for many. If I want people to see a boat I list I need to get the price low enough to be considered.
OK Scott - I'll give you that. In my case, I knew the boat was worth 145-150. Had the ask price been a more reasonable 159, I still would have made an opening bid of 130 and bought at 142. That would have put me at the 15% under ask you referenced.
I have to wonder how many potential buyes before me never made the call because the broker set the initial ask so high.
My definition of a real offer is one that the buyer will make good on, period. As for a lowball offer being some magic perentage figure of a vessel's "value", it's not that simple, especially in this market. A boat's value is based on similar boats which have sold over x amount of time and/or similar boats currently on the market. But with the market in freefall, how can you even come up with a true value? These numbers are, or at least have been, changing on a monthly if not weekly basis.My definition of a real offer is a fair offer on the lower side of the vessels value. A low ball offer is way below value. Offering 125 on a 200 K boat is a low ball offer.
Eric, Have you been aboard "SABRINA"
My definition of a real offer is a fair offer on the lower side of the vessels value. A low ball offer is way below value. Offering 125 on a 200 K boat is a low ball offer. Offering 160 is a negotiating point.
EXACTLY! Same thing happened to me when we were house hunting about 4 years ago. We found a nice home, made an extremely reasonable offer, but the seller wouldn't budge off their asking price despite the fact the house was empty and they had relocated.I have a neighbor who priced her house a bit high. She was insulted by a low ball offer another neighbor made her last spring. The house is still on the market and the asking price is now 110K less than the low ball offer she refused. Like was said earlier it's only worth what someone is willing to pay.