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used yacht prices

Discussion in 'General Yachting Discussion' started by Ladies choice, Jan 12, 2006.

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  1. Ladies choice, Jan 12, 2006
    #1
    Ladies choice

    Ladies choice New Member

    Joined:
    Jul 25, 2005
    Messages:
    71
    Location:
    Florida
    Cars have the kelly blue book, and Car fax when selling or buying.

    Selling a home you can look up for what the home previously sold for in public record and compare it to what it is being asked for the current listing price. Inflation adjusted of course

    Is there anything like this for larger yachts? Though rare it would go up in any value how much would a yacht lose in value say each year from new and being kept up to date in maintenace/repairs.

    How much is a Retrofit consider to it's added value? Does the full amount that is put into the retrofit reflect on the current price or is it a set value of appreciation from it's prior condition?

    Is there a way to find out what a yacht originally sold for, what it has sold for in any subsequent transactions to new buyers and what it would be consider a reasonable asking price compared to what it is listed for?

    Lastly, If I was interested in a particular yacht, and it isn't listed for sale, would it be a rude thing to do to contact the builder to find out who the owner is and to go thru the builder to make a reasonable offer to buy thier yacht?

    Thanks!
  2. calicaptain, Jan 12, 2006
    #2
    calicaptain

    calicaptain New Member

    Joined:
    Oct 28, 2005
    Messages:
    16
    Location:
    Newport Beach
    Every boat is for sale, the question is how much.
    Yachting is a pretty small community, your broker should be able to find out past sales on most yachts. However, remember that a house is an investment and a yacht is a luxury item, it is best to just find what you want then try your best to get a good price. With that said, there will always be other boats out there to buy, don't get too attached to just one. Happy hunting.
  3. AMG, Jan 12, 2006
    #3
    AMG

    AMG YF Moderator

    Joined:
    Jul 26, 2004
    Messages:
    5,380
    Location:
    Sweden
    Hi LC,

    What you are asking, your broker should have told you long ago...
    But in general, I know yachts where the prices has gone in all directions depending on how the deal started. Sometimes the buyer has decided on a yacht and is paying what it takes to get it. Sometimes the seller accepts almost any price to get out of the yacht. And those yachts can be both good and less good, a bargain or a rip-off.

    If you have found a yacht and ask the shipyard, they are normally familiar with the owners situation and can be of assistance to get a fair deal done. They quite often also try to sell you a new construction for less money, telling you this and that was too costly depending on that owner.

    I think that even if I don´t trust many brokers, if you are not building a new yacht you should use one as a buyers broker. They will have a commission that may seem high, but if they get you a better deal, and above all, a better yacht, it is worth it.