help-need opinion on boat value

[kriss]

I am looking at a 1982 weekender;lake boat;seems clean-teak ok not prime; no mast support modification;original rudder; 150 genoa,whisker pole,jib,mainsail(was reduced to tighten it up-now has battens and reefing points in addition to original roller reefing);bottom painted 4 yrs ago;steel storage cradle; 4.5 johnson 4 stroke('82),f-n-r,external tank;affixed stainless swim ladder;danforth anchor/50'line;original interior cushions-vg;lines,boat hook,life jackets,float cushions,fenders,portapotti. I thought $5000 would be fair(the original ad was for $10k,which I thought from this website and nada values to be ridiculous.)owner willing to negotiate but not down to where I am. what would you bid?why?.thanks so much for your help.

[Gary M]

Like everything else the boat is worth what some one is willing to pay and that is that.

With out seeing the boat it would seem to me you are in the driver's seat.

Stay calm, cool, and keep in touch with the seller to remind him of your offer.

You can always offer more later, I think his only move is to bring the price down.

It would seem he is not very anxious to sell, but then again, I have not seen this incredible boat.

BTW, Bottom paint 4 years ago = desperately needs bottom paint!

Good luck

Gary

[Steve Laume]

I think his wife told him he had to sell the boat so he is trying his hardest to please her.....NOT, Steve.

[bill2]

Not being an expert this is worth approximately what it cost . . .

teak ok not prime = translation - needs work

mainsail(was reduced to tighten it up-now has battens and reefing points in addition to original roller reefing) = translation - 26 years old and smaller than original

;bottom painted 4 yrs ago = translation - missing last three annual coats

4.5 johnson 4 stroke('82) = translation - 26 years old

danforth anchor/50'line = translation - needs chain and 150'

;original interior cushions-vg = translation - 26 years old


' 26 years old ' means on the verge of needing replacement .

And further consideration would be fiberglass/gelcoat/crazing/cracks/moisture ? mast/boom/standing/running rigging ? cabin/bilge clean and dry ? thruhulls/seacocks ? electrical ?

Not seeing the boat makes a valuation problematic though a survey showing its value may help


Good Luck

[Oswego John]

- - - - and a Weekender at that?

Is this boat in super duper, extra mint condition? Your offer of $5,000.00 is a very generous offer.

This is my personal opinion, purely arbitrary. The main thing is that I didn't hear anything about a trailer for the boat. A cradle is okay if a person is willing to pay a boatyard winter storage. If a boatowner had the facilities and room, It might be a better deal all around to store and work on the boat in his back yard. For this to happen, a trailer fitted to the boat makes life easier.

Keep in mind, no matter how well it runs, that old wheezer of an outboard is 26 years old. Are the cushions and sails original equipment or are they updated?

Most any boat you might buy will have an assortment of equipment included to sweeten the deal. Anchors and line, fenders and pfds are fairly commonplace.

Condition is very important in determining what a boat will go for. This boat has to be a very special creampuff to command that kind of bucks.

What would I bid? Why?

I wouldn't bid on this at all. I buy them cheap, restore them and then sell them at fair market price.

If I was a person that was in the market for a nice, trouble free Ty, I would maybe look for a Ty W/E with a newer motor and a decent trailer (with the usual assortment of equipment). Condition determining the bottom line anywhere from $3,200.00 up to maybe $4,600.00. Add a little more for super cherry condition but nowhere near what this guy is asking.

This time of the year and on into the end of the season is when prices start to come down. For any number of reasons, this is when some people decide that they've had enough and decide to sell the boat. One of the biggest reasons, I find, is that they don't relish the thought of paying for fall hauling and winter storage again. Spring is when I can get top dollar (if the boat is sitting on a decent trailer.)

But remember, this is only one man's opinion.

Confucius say: "Don't fall in love with a boat until after you own it."

My $,02 USD
O J

[Sea Hunt]

I looked at a lot of Cape Dorys and particularly Typhoon Weekenders for more than two years before I found S/V Tadpole.

Not suprisingly, I agree completely with Gary, Steve, Bill and OJ. OJ is right on the money (no pun intended ) with his pricing. $10,000 is truly out of line, even with a steel cradle. I would completely discount the 26 year old O/B.

During my search, I found that some owners who offered their CDs for sale, were really not interested in selling. They had an obvious attachment to their Cape Dory and set unreasonable prices to sort of insure they would not sell her. If someone offered me $10,000 for S/V Tadpole, I guess I would have to seriously consider selling.

As suggested, any sale should be conditioned upon a full marine survey, the results to be to your sole satisfaction.

OJ is also spot on about the timing of sales. This is the time of year when boat owners want to sell before Fall lay up, etc. (assuming you are up north). However, your guy may want to hold out for a while hoping for a better price.

Make an offer in the low range. If he counters, increase your offer a little. If he is serious about selling now, he will come down to a realistic price. If not, wait a few weeks and get back in touch with him. I am not sure where the boat is located but assuming he will have to haul her, as the sailing season comes to an end up north (if your Ty is up north), the seller should become more motivated.

Good luck

[shavdog]

I bought my 79 weekender last october...paid 4500 and that included a very nice trailer...i've spent 1500 on cosmetics and it looks very nice..theres a picture over in the sandbox area...whatever boat you buy you need to figure in money you are going to spend on it to make it yours....it happens..i wouldnt wanna pay more than 5k for a ty unless it was pretty mint..not knowing much of what you are looking at its probably more of a 3-4k boat...theres plenty around so dont just jump...i'll take 10k...lol...also keep in mind you are coming to the end of the sailing season so a discount is warranted for that alone..

[Gary M]

I was searching for a CD22 and had found one in Houston. (my current boat)

And that was the problem, the boat is in Houston and I am in Los Angeles, and another problem, back then all the boat movers were moving boats damaged by Katrina and so hauling prices were through the roof. I didn't know how long I could wait until some one in Houston would buy the boat out from under me, but I had to wait for a realistic shipping bid.

Then I saw an add from a near by harbor for a Sea Sprite 23, asking price was $13,000!!

I called.

Who else in Southern California knows what a Sea Sprite is and at $13,000 its got to be immaculate.

I talked for a few minutes to the owner and found that the boat had been "sitting for a few years."

I Asked, "What condition is she currently in?"

He said, "Hey, its a 30 year old boat, what do you expect?"

He later called me back and said he would reduce the price to $9,000 and any one would understand what a great reduction that is.

I passed.

Finally I found a trucking company on this board (thanks to "The old rag baggers") and bought the boat in Houston.

I wouldn't sell it for $13,000 today, but tomorrow is a whole new story and a whole new price!

I love OJ's quote, "Don't fall in love with a boat until you own it!

In my case I didn't fall in love, but I knew what I wanted. (I am in love now though!)

Cheers
Gary

[Troy Scott]

kriss,

It sounds to me like you should be talking to the WIFE about your offer. I agree with all the other warnings. $5K is top dollar and probably too much.

And about that main: It may be that the recut was done as an intelligent solution to weather help. It could also be that the PO had it recut simply because it was old and baggy. A good sailmaker probably wouldn't risk his reputation by recutting an old, baggy, worn-out sail, so maybe the dacron is still good.... but it is 26 years old.....

No matter how nice it seems, you will almost certainly be spending a substantial amount on the boat after you buy it, quite possibly more than the initial purchase price. Save some money for that. There are several nice Typhoons out there, so don't rush into this. Later in the season there will be more for sale at one time. Be ready then to pay cash for the right one. Have fun.

[Joe Montana]

theres plenty around so dont just jump

I think this is the key point. There ARE a lot of Ty weekenders around, and this will always keep the prices below what we all know they're really worth: There's always someone out there "unloading" one for some reason or another.

I have a Ty daysailer. It might be worth a little more because there are fewer of them -- maybe not. Either way, I would have a hard time parting with First Light -- even for $10,000. Is it rational? No.

When the time comes, I would rather put her in a shed and wait to see which one of my grandchildren climbs into the cockpit and gets that far-away look in his eyes (note: I'm not being unfair to the girls -- mine all just happen to be boys -- all seven of them!).