I've been on the hunt for a CD 28 for quite awhile. I've looked at '76 model a couple of times and I know the boat's been available for a long time (about 2 years). Looks to be in very good condition due to a caring owner. Owner is asking 13,500. If we eliminate the obvious problems (engines seems ok for a 30 year old RWC diesel, decks look good, she's clean), what, other than a stubborn seller, might make a boat sit for so long?
I've got it in my head that people just don't like the older 28s with plastic ports. I'd prefer bronze myself but i prefer the galley layout on the older models. My concern concern is getting a boat that, if need be, I'd have a hard time selling in the future. My bigger concern is taking a real hit in I repowered and then tired to unload her a few years out.
So, am I overloooking the obvious? Do older 28s just not move? Any insight is appreciated.
Jim
Value of an older CD 28
Moderator: Jim Walsh
-
Paul Grecay
- Posts: 105
- Joined: Oct 13th, '05, 06:57
- Location: CD 28 1976 "Peapod"
Lewes, Delaware
Jim...I bought a 1976 CD 28 about 9 years ago and I have never regretted it. Over the past few years I have slowly upgraded her and I like the boat more and more. I replaced the plastic ports with bronze ports from Newfound Metals and they have been great...never a drop of water. I repowered last year because my crankcase twice filled with seawater and I was unwilling to rebuild it. I pulled the old md2b volvo out and with only minor remodification to the bed, I installed a Beta Marine....it is great...it also gave me the chance to replace the shaft and cutless bearing and then install a pss dripless seal. Since buying the boat, I have also replaced the standing rigging and sails and a number of misc. items. I paid 10K for the boat because the owner and I both assumed that the engine was shot at the time. So 13K does not sound out of line to me. You should have a good survey done and use the results when negotiating the price. DO NOT buy any boat without a professional survey.
Why has the boat been sitting there for two years? That can depend on many things...the economy, location etc. It doesn't mean that the boat is bad. You also have to determine whether you would like to keep the boat for awhile. I am one who is comfortable in long-term commitments ... the boat fits me and since I do alot of singlehanding, it is perfect....I don't see myself changing. Hope this helps.
Why has the boat been sitting there for two years? That can depend on many things...the economy, location etc. It doesn't mean that the boat is bad. You also have to determine whether you would like to keep the boat for awhile. I am one who is comfortable in long-term commitments ... the boat fits me and since I do alot of singlehanding, it is perfect....I don't see myself changing. Hope this helps.
-
Clay Stalker
- Posts: 390
- Joined: Feb 5th, '05, 12:07
- Location: 17' Town Class Sloop
Deck's Maybe?
Jim:
Paul has hit most of the issues. Other than plastic ports, which are okay and also replaceable, and a bad engine (maybe a deal breaker, but not for the right price), the only other real problem might be soggy decks and/or cabin top. Unless you are real handy yourself, this would be a deal-breaker on this boat at this price. As was said, a survey on an older boat (any boat, for that matter) is an absolute must. Good luck.
Clay Stalker
Paul has hit most of the issues. Other than plastic ports, which are okay and also replaceable, and a bad engine (maybe a deal breaker, but not for the right price), the only other real problem might be soggy decks and/or cabin top. Unless you are real handy yourself, this would be a deal-breaker on this boat at this price. As was said, a survey on an older boat (any boat, for that matter) is an absolute must. Good luck.
Clay Stalker
Clay Stalker
Westmoreland, NH and Spofford Lake, NH
Westmoreland, NH and Spofford Lake, NH
Boat Pricing
Jim,
Every boat I have ever sold took about two years to sell it and I wanted to sell it.
My problem is I don't ever buy the most popular boat in the marina so when I sell, I have to wait for some one with my taste in boats!
If you want to be sure you'll be able to sell a boat quickly look around to find out what is the most popular boat in the marina that has an active fleet.
A lot of people shopping for a boat may not have ever heard of a CD28 and a lot of people are going to want a newer boat, the question is what do you want? And at what price.
Second, if you buy this boat your going to spend money on it and chances are it will be as hard to sell at your price as it is now. What you'll need is a buyer just like you
So if this is the boat you want you have two choices. Pay the money before some one else gets it or start negotiating.
If you can get the sellers mailing address or e mail make him an offer, and explain your offer, then remind him every so often that you still want to buy the boat.
Don't forget to mention that if he keeps it for another year it will cost him another X amount of dollars.
There may be a broker in the area that would help you for a small fee. He could approach the seller with his own ideas saying he has a qualified buyer with cash.
My best advise is to be persistent. And know your price so your ready when its reached.
The seller just might not be reasonable. Here in my marina a boat owner wanted to sell a Cal 25 for $5000.00. (Way too high) He was offered $3000 and turned it down. He finally sold it years later for $1800 after all the slip fees and so on he realized he had made a big mistake. Your seller could be making the same mistake.
Good Luck
Gary
Every boat I have ever sold took about two years to sell it and I wanted to sell it.
My problem is I don't ever buy the most popular boat in the marina so when I sell, I have to wait for some one with my taste in boats!
If you want to be sure you'll be able to sell a boat quickly look around to find out what is the most popular boat in the marina that has an active fleet.
A lot of people shopping for a boat may not have ever heard of a CD28 and a lot of people are going to want a newer boat, the question is what do you want? And at what price.
Second, if you buy this boat your going to spend money on it and chances are it will be as hard to sell at your price as it is now. What you'll need is a buyer just like you
So if this is the boat you want you have two choices. Pay the money before some one else gets it or start negotiating.
If you can get the sellers mailing address or e mail make him an offer, and explain your offer, then remind him every so often that you still want to buy the boat.
Don't forget to mention that if he keeps it for another year it will cost him another X amount of dollars.
There may be a broker in the area that would help you for a small fee. He could approach the seller with his own ideas saying he has a qualified buyer with cash.
My best advise is to be persistent. And know your price so your ready when its reached.
The seller just might not be reasonable. Here in my marina a boat owner wanted to sell a Cal 25 for $5000.00. (Way too high) He was offered $3000 and turned it down. He finally sold it years later for $1800 after all the slip fees and so on he realized he had made a big mistake. Your seller could be making the same mistake.
Good Luck
Gary
Re: Boat Pricing
Gary M wrote:Jim,
Every boat I have ever sold took about two years to sell it and I wanted to sell it.
My problem is I don't ever buy the most popular boat in the marina so when I sell, I have to wait for some one with my taste in boats!
If you want to be sure you'll be able to sell a boat quickly look around to find out what is the most popular boat in the marina that has an active fleet.
A lot of people shopping for a boat may not have ever heard of a CD28 and a lot of people are going to want a newer boat, the question is what do you want? And at what price.
Second, if you buy this boat your going to spend money on it and chances are it will be as hard to sell at your price as it is now. What you'll need is a buyer just like you
So if this is the boat you want you have two choices. Pay the money before some one else gets it or start negotiating.
If you can get the sellers mailing address or e mail make him an offer, and explain your offer, then remind him every so often that you still want to buy the boat.
Don't forget to mention that if he keeps it for another year it will cost him another X amount of dollars.
There may be a broker in the area that would help you for a small fee. He could approach the seller with his own ideas saying he has a qualified buyer with cash.
My best advise is to be persistent. And know your price so your ready when its reached.
The seller just might not be reasonable. Here in my marina a boat owner wanted to sell a Cal 25 for $5000.00. (Way too high) He was offered $3000 and turned it down. He finally sold it years later for $1800 after all the slip fees and so on he realized he had made a big mistake. Your seller could be making the same mistake.
Good Luck
Gary
All excellent points. Even though the boat is being sold through a broker, I've talked to the owner at length and he's mentioned that he's dismayed that people see the boat and say "oh, that's it?", expecting her to be a modern, roomy cruiser. Classic boats like the CDs take a certain type of buyer (like me). Thanks for the insight.
Jim