Time to sell?

[BoardNBama]

Sounds like I need to call the dealer back and schedule an appointment.

Thanks again.

[Nordicron]

Sounds like I need to call the dealer back and schedule an appointment.

Thanks again.

Yep get NSS and work out a consignment sale with them. They will have that boat sold in less than a month likely for $80k. Prob cost u 10% though but u not having a tow vehicle is only gonna make selling it private even more difficult for u.

[BoardNBama]

I sent the dealer an email last night for them to contact me hopefully tomorrow. I will borrow or rent a truck to get the boat there. Another thing people are asking about are tower speakers. I have everything for the system except tower speakers. Both amps, tower is already wired, and whatever else I'm not sure. For the factory amp, what speakers should I look for considering it's not for me, but just more money put into the boat to sell.

[cedarcreek216]

Throw some Wetsound Icon 8's on there. Actually not terribly priced people will like the Wetsound name.


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[flounder]

I could be wrong but depending on your situation with $ I don't think you necessarily need to do the tower speakers. It might help it sell but you definitely want get your money back. Focus on the NSS and I think you will be OK. The stereo can be a winter project for the new buyer. Make sure you delete all history of your previous adds. Take new pictures that are sharp and clear. Give one price don't show markdowns. Markdowns only show your boat has been listed for awhile and no one wants it which raises flags. Nobody wants what others don't. Good luck.

[Dandy21]

I could be wrong but depending on your situation with $ I don't think you necessarily need to do the tower speakers. It might help it sell but you definitely want get your money back. Focus on the NSS and I think you will be OK. The stereo can be a winter project for the new buyer. Make sure you delete all history of your previous adds. Take new pictures that are sharp and clear. Give one price don't show markdowns. Markdowns only show your boat has been listed for awhile and no one wants it which raises flags. Nobody wants what others don't. Good luck.

I agree with this. Truth be told, our last 3 boats have all had tower speakers. If I ever look for or order a new boat it will be less tower speakers. I have recently spoken with a couple other owners that feel the same. That and sound is somewhat personal preference. The fact that it is pre wired is a plus as they can then install what THEY like. This can easily be swing as a positive. GLWS.

[TRBenj]

I never got the seasonally adjusted price thing for private sellers.

I feel there is a loss of market for summer toys that starts mid July and is in full swing by Labor day/back to school.

You said it yourself, loss of market = lower demand. Value is a function of supply and demand. Couple a lower demand in the late summer/fall with a seller facing winterizing, storage, insurance, depreciation... They are even further motivated to reduce the price to generate a fall sale.

[hondaprlud]

You said it yourself, loss of market = lower demand. Value is a function of supply and demand. Couple a lower demand in the late summer/fall with a seller facing winterizing, storage, insurance, depreciation... They are even further motivated to reduce the price to generate a fall sale.

Lowering the price as you enter the off season isn't the part I don't get. Raising the price in the spring doesn't make sense to me. When I have my "“buyer hat"” on, once I've seen the lower advertised price I'm negotiating down from there. Having a higher (although more current) only serves to create another obstacle to navigate through for the sale. The market for a private sale for a boat at this price point has got to be tiny, so I'’d work really hard to make sure the obstacles were minimal when I did find someone interested. So if I have my “"seller hat"” on, I'’d either decide to lower the price in the fall for the reasons you mentioned and I'’d leave it lower in the spring OR I’'d leave the price the same in the fall and just accept that the market is soft. Of course I own an old boat compared to this so YMMV.

[BoardNBama]

My plans now are to have NSS installed next week. So before it goes on consignment, I will take $71500 or $75k with NSS.

[Tallredrider]

Lowering the price as you enter the off season isn't the part I don't get. Raising the price in the spring doesn't make sense to me. When I have my "“buyer hat"” on, once I've seen the lower advertised price I'm negotiating down from there. Having a higher (although more current) only serves to create another obstacle to navigate through for the sale. The market for a private sale for a boat at this price point has got to be tiny, so I'’d work really hard to make sure the obstacles were minimal when I did find someone interested. So if I have my “"seller hat"” on, I'’d either decide to lower the price in the fall for the reasons you mentioned and I'’d leave it lower in the spring OR I’'d leave the price the same in the fall and just accept that the market is soft. Of course I own an old boat compared to this so YMMV.

There will be some buyers out there that search boats for months and months and will identify when the price goes up. But those are the minority. And frankly, those are the same guys that will offer you 10 grand less than your asking price no matter how low you post it. They are a PIA to sell to. They are spending months and months obsessing over every ad they can find so that they can get the 'best' deal possible. They are never happy unless they think that they have totally gotten a steal.

In the winter, the majority of the buyers are trolls looking for a steal, not looking for market value. And I would be too, given that I make a gigantic purchase and then have to let it sit in the garage for months before I can use it. Next time I sell a boat, I dread posting it in the winter and wading through the trolls to find someone who is actually going to get anywhere close to market value.

My last boat was for sale all winter, and nobody even came to test drive it. I do live in a smaller town sort of remote from any metropolitan area, so that plays a factor. In March, I upped the price and legitimate calls started to come in. First guy to test drive the boat, bought it. It had everything to do with the time of year, not the price increase. I would have sold it for a few grand less in the winter.

[enzo thecat]

Im talking to a dealer now about trading in our 220 and ordering a G21. He gave me a price on my boat but he wants my boat this fall so he can have it in stock. This, even though he wait until winter to order the new one. Around these parts, the used boat market is crazy strong. Hope this helps.

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[xrichard]

In my experience, it's worth advertising through the fall / winter especially if your boat is in above average condition--it's cheap and takes almost no effort. Chances are you'll sell it in the spring or summer, but you might have a buyer like me: when I've bought used, I look forever to find the right boat in excellent condition. This is surprisingly difficult...most boats are beat up to one degree or another and most boats are misrepresented by the seller as "perfect" when they have misc vinyl tears, misc scratches in the gel coat, etc. Even though I take my time, I'm willing to pay a premium rather than look for a discount when I finally find the right boat that is in excellent condition.

That's exactly how I've sold my last two boats: excellent condition sold to a buyer in the off season who'd been looking multiple months and wanted a used-boat price for a like-new item. They both sold at the upper end of the range I'd seen for similar boats.

One other thing: I'd suggest not varying your price by season. Those who know the price changed or can find your old ads will anchor on your lowest previous price. They might be serious buyers, but they'll get stuck at the lower price even if the market is back to the higher price. We all do this and it's a well researched quirk. You're much better off setting a realistic price and then adjusting it only downward as necessary to reflect further depreciation of your boat. In the off season, you can simply be more willing to negotiate and communicate this with anyone who contacts you.