No Hatt for You...

[spartonboat1]

Well, its nearing Spring again, which in Mich could be from April to June (lol?). The Xmas trees are floating free in the Straits of Mackinaw, which used to mark the trail across the ice for snowmobiles to the Isle from St. Ignace; can't go across now, don't you know.

Well I got a flyer in the mail from a broker trolling for boats to broker and he enclosed a list of all the boats that are supposed to have sold in Michigan, in the past 6-10 mos or so. Read all the listings of about 40-50, which included:
'95 63' Sea Ray ($375 ask in 11-2003, $350 sold Oct-2010 @ 83mos on mkt, longest in the list)
'96 50' Sea Ray Sund ($99k ask Jun'10, $95k sold Nov'10),
'06 '52DA Sea Ray ($598 ask Aug'10, $565 Oct'10 in St. Clair Shs, highest sale price on list,

Sprinkling of Silverton, Tiara's Mainship, Carver's, many SR's. One Tiara was $99 ask, $99 sell, from Dec'09 to Oct'10.

But, NOT a Hatt. So once again, you Hatt owners are hoarding your boats! Either that or no one wants to buy one. But I have looked at YWrld and their really aren't any Midwest Hatt's to speak of.

My sales report about Hatt's in the Spring, once again...

P.s., in my recent issue of PMY some new battle wagons reviewed, you know: 40knots, with 1,600hp a side power, oh and 1,500-2,000 gal tanks. What's that- about $5,000- $8,000 per 'filler-up'?

 

[SKYCHENEY]

Those sale prices cannot be the real sales prices. That guy is inflating them to make prospective sellers want to use him. No way he got 95% of ask on those boats in this market.

 

[spartonboat1]

Those sale prices cannot be the real sales prices. That guy is inflating them to make prospective sellers want to use him. No way he got 95% of ask on those boats in this market.

Others on this site have also reported that sometimes the brokers do not submit the 'real' sales price. Apparently, there is no way to validate selling prices. So your remarks are probably more valid, than the sold prices on his list, a broke from Ft. Lauderdale, BTW!

 

[hatteras 1985]

I don't know why anyone would buy a Sleaze Ray. Especially a newer one that will lose half its value in a year or two...

 

[Angela]

Others on this site have also reported that sometimes the brokers do not submit the 'real' sales price. Apparently, there is no way to validate selling prices. So your remarks are probably more valid, than the sold prices on his list, a broke from Ft. Lauderdale, BTW!

I concur...there is no way to validate a "sold" price unless you personally know the seller. My boat got reported on "Sold Boat" (which, correct me if I'm wrong, is a part of Yacht World) for WAY more than I paid. And I know...because I wrote the damn check, and then through a friend with Sold Boat access, showed me my boat's supposed selling price! "Sold Boat" prices are BS serving brokers to show their prospective buyers and are of little use to anyone else.

 

[nor'easter]

I concur...there is no way to validate a "sold" price unless you personally know the seller. My boat got reported on "Sold Boat" (which, correct me if I'm wrong, is a part of Yacht World) for WAY more than I paid. And I know...because I wrote the damn check, and then through a friend with Sold Boat access, showed me my boat's supposed selling price! "Sold Boat" prices are BS serving brokers to show their prospective buyers and are of little use to anyone else.

Same with my 39 SX. I bought it for 25% off ask price, but found out later (when I put it up for sale) that it was listed as sold for the ask price.

I also get unsolicited letters from brokers with this kind of "info" asking for my listing. Goofy, but it must work sometimes as I don't think they would spend the energy to do it otherwise.

 

[Passages]

So Eric, you are agreeing with us that Sold boats is meaningless?

FWIW, In 2003 Passages was listed for $189k. I bought it for $142K on paper. After survey adjustments I actually shelled out $137k. When I later checked sold boats through a broker, I found my boat allegedly sold for $155k.

 

[Genesis]

So misrepresenting something is acceptable in a professional context?

There's a difference between not filing the sold price and lying about it. I'm rather surprised that there's a defense mounted here for intentionally misrepresenting the actual sales price - irrespective of motive.

 

[saltshaker]

Most of the sold boat data I've seen lately has been accurate, at lease for the boats I had sales info on. I have seen some that list the selling price as the listing price which most likely is false. I think it would not benefit the broker to inflate a sold price. It only makes it harder when you have to convince your clients that their boat isn't worth what they think it is. When things were hot I could see the benefit to it but not right now. I guess it all depends on who the listing broker is and how ethical he/she is.

 

[krush]

So misrepresenting something is acceptable in a professional context?

There's a difference between not filing the sold price and lying about it. I'm rather surprised that there's a defense mounted here for intentionally misrepresenting the actual sales price - irrespective of motive.

Please quote show where "defense mounted here" is located.

 

[saltshaker]

Please quote show where "defense mounted here" is located.

Looks like it was deleted.