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Catalina/Capri 25/250 Sailor's Forums

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2004 C250 Water ballast

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Navy1
Navigator

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USA
126 Posts

Initially Posted - 04/19/2011 : 13:04:29

Due to my age (74) and health reasons, I am sadly putting my NAVY TOO on the market. It is in pristine condition, with almost every conceivable option and accessory included, too many to list, including the factory mast raising trailer. I probably spent over $6000 on extra equipment. Trouble is I don't know what the boat is worth and what I should ask for it. Could I get some feedback?
Thanks - Roger

Roger Richter

Edited by - on

Arlyn Stewart
Master Marine Consultant

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USA
2980 Posts

Response Posted - 04/20/2011 : 02:36:29

Roger, sorry that I don't have much insight to your question. I can however offer that I'm probably not too far behind you.

The upgrades were expensive and unfortunately they serve more as selling attractions than recoverable investments. Selling attractions however are a good thing and should help you sell for the higher end of pricing albeit that is probably only about one third of those those upgrades. I'm thinking, find the mean selling price for your model year and add two thousand.

I once purchased a very clean C22 that came commissioned ready to sail. I kept it three years and didn't put a dime into it and sold it for what was paid for it. That won't happen for you or me with our C250's.

On the other hand, the C250 was the platform I needed to fulfill one of my life's dreams and provided a season of life cruising the Great Lakes waters where I grew up watching sailboats make their way and dreaming of doing it someday myself.

The unreturned investments should be placed in context of fulfilling life's dreams and when doing so, no doubt they have yielded a very reasonable cost return.

Wishing you the best in this season of your life.

Edited by - on

Stinkpotter
Master Marine Consultant

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Djibouti
9082 Posts

Response Posted - 04/20/2011 : 06:50:36

Roger, there is life after rags...

...and you can get there faster.

I agree with Arlyn--a clean, nicely equipped boat will sell faster, but not for so much more. Buyers in this category generally aren't savvy to the value of various upgrades or their importance to enjoying the boat. A C-250 is a C-250, and is compared to other brands and sizes. Sites like Yachtworld.com will show you what your potential buyers are seeing.

Have you thought about using a broker, or talked to one? Yes, they'll extract 10% from the deal, but they will also (1) widen the audience substantially, through things like Yachtworld (brokers only) and the network of brokers. (2) They are a useful buffer between you and buyers, so that you're not having to deal with every tire-kicker that rolls down the pike. ("How about eight grand? I've got my checkbook right here!") And (3) they'll put the deal together professionally, with the proper terms and conditions (including survey contingency) and assure proper payment. It's entirely possible you'll come out ahead, and more than possible you'll sell faster. (I suspect buyers are less inclined to try "bottom fishing" with a broker.)

Just a thought... or you could put her on Craigslist and see what happens.

All the best!

Edited by - Stinkpotter on 04/20/2011 06:56:09

superbob
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USA
200 Posts

Response Posted - 04/20/2011 : 10:41:39

I appreciate Aryln's sentiment when it comes to placing a pricetag on a sailboat: "The unreturned investments should be placed in context of fulfilling life's dreams and when doing so, no doubt they have yielded a very reasonable cost return." It's in line with the argument my wife presents when I moan and groan on what we paid for our 250 and what it's likely worth today.

This said, another prospective would be when selling your boat to look at the year it was manufactured and compare its worth to that of a similar age upper end used car. FOr example, the average selling price of a 2004 Lincoln Towncar (sold for about what a new 250 goes for) is 13k, likewise an '04 Chevy Suburban now is worth 15k, the wife's BMW X-5 out the door for 60k would now sell for 12-15K.

Yes, a used car of the same year should yield less dollars than a like year watercraft that was sold new for the same amount... an argument that once held water but in today's world and to some degree no longer pertinent. Boats no longer hold their value as they once did . .. like a used car, they depreciate at a rate that's higher than you and I are used to seeing.

If we look at our wonderful, beautiful, still shiny boats as used cars it might make us feel better when it comes to put them on the auction block. Take my '99 C250. Most 1999 used cars go for more or less 9-15k. I could sell by boat in a heartbeat for 15. If I factor in all the fun we've had with Sparkle Plenty and also factor in the used car theory of mine, hells bells, I'm smiling when I sign over the pink slip to the new owner.

Edited by - on

Stinkpotter
Master Marine Consultant

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Djibouti
9082 Posts

Response Posted - 04/20/2011 : 11:08:54

<blockquote id="quote">quote:<hr height="1" noshade id="quote">Originally posted by superbob
 This said, another prospective would be when selling your boat to look at the year it was manufactured and compare its worth to that of a similar age upper end used car... I'm smiling when I sign over the pink slip to the new owner.<hr height="1" noshade id="quote"></blockquote id="quote">...or compare it to the resale now of a high-end personal computer purchased for $15,000 in 1990--you'll feel even better!

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mcomai
Deckhand

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1 Posts

Response Posted - 04/25/2011 : 04:45:30

Hi Roger - I sent you a email through here last week but I have heard the website email can be unreliable. I'm in the process of putting together a contract on a C250 right now, but I'm not sure if it is going to work out. If you think you are going to put her on the market this spring, I'd be interested in getting some more details on Navy Too. You can email me at austinmikec at gmail dot c o m

Edited by - on

GaryB
Master Marine Consultant

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USA
4306 Posts

Response Posted - 04/25/2011 : 22:00:02

<blockquote id="quote">quote:<hr height="1" noshade id="quote">Originally posted by Navy1
 Due to my age (74) and health reasons, I am sadly putting my NAVY TOO on the market. It is in pristine condition, with almost every conceivable option and accessory included, too many to list, including the factory mast raising trailer. I probably spent over $6000 on extra equipment. Trouble is I don't know what the boat is worth and what I should ask for it. Could I get some feedback?
Thanks - Roger
<hr height="1" noshade id="quote"></blockquote id="quote">

Roger,

List your boat on Sailing Texas (don't let the name turn you away). Boats from all over the country are listed on the site and approximately 20 - 30 a month are sold.

I think they will list it for a small donation. Check them out when you have a spare minute or two.

http://www.sailingtexas.com/

Edit: Just checked the sales figures again, April - 56 sold so far. The average for Jan, Feb, Mar was 45 sold each month.

Edited by - GaryB on 04/25/2011 22:08:13

Elandrigil
Deckhand

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1 Posts

Response Posted - 05/13/2011 : 20:18:18

Navy1, I am new to the forum. I was looking at this model boat and found your post. I am in the market for a family boat that is easily tailered and launched. I am in North Carolina what part of the country is your boat in if it is on the marker? Thanks, Greg

Edited by - on

dlucier
Master Marine Consultant

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Virgin Islands (United Kingdom)
7583 Posts

Response Posted - 05/13/2011 : 21:06:29

Bloomington, Wiscconsin

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Navy1
Navigator

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USA
126 Posts

Response Posted - 05/20/2011 : 14:21:44

Greg, Sorry, but I haven't been on the forum for quite a while. If you are still interested in my boat let me know and we can discuss it some more. It is a pristine boat and in some ways better than new in that it has so much extra equipment put on it. I regret having to sell it, as I dearly love to sail it, but it just got too much for me. Let me know. Roger

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