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What's it worth?

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lancej
1st Mate

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81 Posts

Initially Posted - 07/26/2004 : 08:16:29

Good news: my boat is FINALLY in the water!

More good news: It floats!

Now the bad news, it is not yet certain, but looks like occupational considerstions may force a move from the Western NY area. Which means, selling the boat.

The question of the day is, how much do you guys think it is worth, or more appropriatly, how much do you think I can get for it?

It is an 85 FK/SR, Really nice shape, shiny gel, no repairs, etc. Brand new 135 RF genoa on furlex furler, 1 year old main. Electric start 9.9 XL shaft mercury, great shape. All lines led aft. New halyards, all lines in good shape, spinlock clutches or powercleats. Traditional interior, brand new head, all cushions like new. Other than that nothing special, just a boat I love! No trailer, but have a steele cradle.

Looks like a move to the left coast or the New England may be in order, and I cannot justify moving it, say nothing of the real estate market in CA and MA. I will need all the liquid assets I can get my hands on.

Looking for some honest numbers, really appreciate the help!

Lance
85 FK/SR

Edited by - lancej on 07/26/2004 08:17:42

Dave Bristle
Master Marine Consultant

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Djibouti
10005 Posts

Response Posted - 07/26/2004 : 09:25:59

Lance: You're describing my boat--with a few things that are newer than mine. Yachworld.com and boattrader.com are good sources to see what you're up against and what other potential buyers will be seeing (on-line, if nothing else). Keep in mind that a lot of your nice upgrades and replacements won't pay for themselves--we do those things for ourselves. But a "nice" boat always has an advantage for a quicker sale than a boat that's showing its age. "Admirals" are especially appreciative, and that can mean a lot!

I paid $9100 almost four years ago, added new interior cushion$$, a newer Honda and bracket, some rigging improvements, and a bimini. I suspect I'd be looking to sell in the 9000-9500 range, but I haven't researched the market. I suspect that $10K is a threshhold I would have trouble going above, given newer WK models that are out there in the low teens. If I were in a trailering area (inland lakes), my fin keel would be a disadvantage, but in this coastal invironment, it's an advantage over the swinger.

Keep in mind some less-obvious selling features that attracted me:
- This organization. (Get the potential buyers onto this forum.)
- The best value for a family cruiser that can be pushed by an outboard--an advantage for newer sailors (or in my case, OLDER sailors) who aren't ready for or don't want an inboard diesel.

All the best...

Edited by - Dave Bristle on 07/26/2004 11:07:38

matsche
Captain

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USA
280 Posts

Response Posted - 07/26/2004 : 18:26:14

Lance:

Your boat sounds like it's in great shape with a lot of extras. Just perusing [url="http://www.yachtworld.com"]Yacht World[/url], I see boats of your vintage with an asking price ranging from $8,000 to $12,000. I would think you're asking price would be at the upper end. I'd agree with Dave that you realistically shouldn't expect to get more than $10K. [url="http://menu.buc.com"]BUC-Value[/url] values it at around $8,000 for an "average" boat but that does NOT include motor (or trailer). Your actual asking price will boil down to "how fast to you want to sell it?".

Edited by - matsche on 07/26/2004 18:28:00

dlucier
Master Marine Consultant

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Virgin Islands (United Kingdom)
7583 Posts

Response Posted - 07/26/2004 : 23:54:43

It would be somewhat difficult for people outside your area to put a value on your boat since a lot depends on the local market. Up here in southeastern Michigan, boats are all over the place which kind of depresses the market which results in lower prices.

Just remember one thing, a boat (or anything, really) is only worth what someone else is willing to pay for it.

Good luck.

Edited by - on

lancej
1st Mate

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81 Posts

Response Posted - 07/27/2004 : 09:25:02

That's the thing I guess, regional value, as sailboats are not all that portable. This is evidenced by the dollar cost of moving my boat - $6000 to San Diego, $3000 to Providence.

I really hate to sell it, but I may not have a choice, a real bummer, because I just got it back into the water last week. I will probably not move until this winter, but selling a sailboat in Buffalo during the winter is like selling hair spray to bald men.

The economic situation here in Buffalo is not all that grand either, which will force the price down as well. It is this same economic situation that is forcing me to move. That and the 4 month sailing season, followed by 8 months of winter (only joking a little here.)

Larger boats move quite fast here, 32+ feet boats don't last to long for sale, but there are alot of 22-28 foot boats for sale. I am confident mine will sell, as the condition is better than most, but I don't think I'll get what she's worth. I don't even want to think about what I have into her.

In any event, I will be quite sad to see her go.

Lance
85 FK/SR

Edited by - lancej on 07/27/2004 09:25:50

dlucier
Master Marine Consultant

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Virgin Islands (United Kingdom)
7583 Posts

Response Posted - 07/27/2004 : 14:28:35

<blockquote id="quote">quote:<hr height="1" noshade id="quote">Originally posted by lancej
 ...selling a sailboat in Buffalo during the winter is like selling hair spray to bald men...<hr height="1" noshade id="quote"></blockquote id="quote">

This is where deals are had...

I bought my C25 during the fall/winter buyers market and only paid a fraction of its actual worth. I did the same with the boat before North Star which I bought dirt cheap in the middle of winter, sailed it for 6 years, then sold it for what I paid for her.

Edited by - on

cvwall
1st Mate

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USA
56 Posts

Response Posted - 07/28/2004 : 08:16:30

If Providence is your destination, why not lash the mast on deck and take a run down the Erie canal to Troy? You could then re-step the mast, sail down the Hudson, through the East river, and out LI sound to the entrance to Narraganset Bay, then up to Providence. Make the run in the fall, before they close the canal. It'd cost you a few bucks for fuel, but even if you don't have the time to do it all in one run, you could leave her in a boatyard along the way for a week or so, then make another leg, etc. I have met people who have made the circle route the other way, returning by way of the St. Lawrence, the Richelieu River, Lake Champlain and the Champlain canal. Best wishes for resolving your dilemma.

Edited by - on

osmepneo
Past Commodore

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USA
1420 Posts

Response Posted - 07/28/2004 : 08:36:57

Lance, why sell?

Both the left and right coast have water, and likely better markets than Buffalo. So I ask:

Lance, why sell?

Why not move yopur boat with you?

I moved osmepneo from the lower Hudson valley to the Great Sacandaga Lake, and am very glad I did. Perhaps if you know where you might be, our folks in those areas can talk to you about marinas and sailing venues.

Edited by - on

lancej
1st Mate

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81 Posts

Response Posted - 07/28/2004 : 09:57:28

I have been thinking about moving it, and New England (read: Providence, I can't afford Boston) seems more probable than San Diego at this point (occupationaly speaking.)

Definatly a possibility to go the Canal, that's something I have dreamed of for a while now, and much shorter than the other option of the Welland to Ontario.... The Canal is beautiful thru central NY.

But getting it to California, is a different story: $6000 to ship (I have no trailer), the Panama Canal is a little pricey

, and Cape Horn in a C25

But if it is Providence, I may not sell. Sailing is good there, and dockage is suprisingy inexpensive. I think a C25 would be well suited to that area.

Thanks for all the opinions/support, much appreciated!

Lance
85 SR/FK

Edited by - on

Dave Bristle
Master Marine Consultant

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Djibouti
10005 Posts

Response Posted - 07/28/2004 : 21:51:23

The Narragansett, Newport, Block Island, Watch Hill, Stonington, Mystic, Fisher's Island, Buzzard's Bay, Martha's Vinyard, Shelter Island,..... Fantastic! Passage and I will be there soon!

Edited by - Dave Bristle on 07/28/2004 21:52:17

lcharlot
Master Marine Consultant

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Antigua and Barbuda
1301 Posts

Response Posted - 07/29/2004 : 08:29:12

<blockquote id="quote">quote:<hr height="1" noshade id="quote">Originally posted by Dave Bristle
 Mystic, Fisher's Island, Buzzard's Bay, Martha's Vinyard, Shelter Island,..... Fantastic! Passage and I will be there soon!
<hr height="1" noshade id="quote"></blockquote id="quote">

What kind of place is Buzzard's Bay? I had never heard of it until I bought a Jimmy Buffett album with "Volcano" on it, which contains the line "don't wanna go to no Buzzard's Bay". Why is it famous enough to be enshrined in a Buffett tune?

Edited by - on

RichardG
Admiral

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USA
990 Posts

Response Posted - 07/29/2004 : 11:29:53

In southeastern Mass., Buzzards Bay covers roughly the inner waters area (inside the Elizabeth Islands) from the southern exit of the Cape Cod Canal to the RI border. [url="http://www.maineharbors.com/ma/tidemabb.htm"]map[/url]

While I never sailed there, when I was younger I used to do quite a bit of fishing & lobstering there (plus Vinyard Sound) out of Padaneram Harbor in South Dartmouth. Real beautiful area!

Edited by - on

jwilliams
Captain

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USA
357 Posts

Response Posted - 07/29/2004 : 12:39:28

Larry,

A lot of us are familiar with Buzzard's Bay from taking the Coast Guard Coastal Navigation classes that uses this chart as the case example. All the exercises and tests are plotted using it.

I can only imagine, living near SF, but it looks like a dream area to sail in.

Jim Williams
Hey Jude C25fk 2958
SF Bay

Edited by - on

JimB517
Past Commodore

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USA
3285 Posts

Response Posted - 07/29/2004 : 19:24:46

If you do come to San Diego, buy another C25 here and join Fleet 7! Or just come sailing with us anytime.

Edited by - on

pwhallon
Admiral

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USA
694 Posts

Response Posted - 07/31/2004 : 10:03:11

Hi Lance,

Think hard before you sell her. I have been kicking myself in the butt for three years after selling "ESSAYONS."

Ironically, I could have afforded to keep her but can't afford to buy another one just yet. Long story.

There is a fin keel trailer for sale on the swap meet. Maybe you could move her with the trailer and then sell the trailer. They're hard to find.

Is your boat named "SERENITY?"

Good luck. I know it' a hard decision.

Paul

Edited by - on

ronrryan
Admiral

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USA
561 Posts

Response Posted - 08/02/2004 : 21:15:24

(1) DONT sell unless absolutely critical to survival. You will regret it and will be saying: "here were five handy solutions for storage/use/dockage IF ONLY I had waited" .(2) Buzzards bay is notorious for a tough short chop that comes up in the afternoons,wind blowing against the current. Locals get used to it. Great cruising waters, filled with fun and history. IMHO, ron srsk Orion sw fl

Edited by - on

lancej
1st Mate

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81 Posts

Response Posted - 08/03/2004 : 16:35:27

Thanks for all the advice and encouragment guys!! I will avoid selling at all costs. Rhode Island seems an ideal place - decent economy, semi-affordable real estate outside of Newport, affordable dockage, liberal thinking. Last time I visited, I had quotes in the $1500 range for a 25' slip. Providence is real nice, kind of like Buffalo, but a little nicer.
It really helps to hear from all you guys, thanks!!

Lance
85 FK/SR

Edited by - on

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