Boat Appraisals: Part I of II
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An opportunistic car "collector" used a test drive to make off with a Ferrari worth $2.2million.
Here's what a good appraisal provides: The condition of the boat and its equipment: A marine appraisal determines the condition of the boat's visible components and accessible structures at the time of the inspection. An appraisal provides a list of deficiencies as well as needed repairs and focuses on safety. Deficiencies in an appraisal can be used to renegotiate the sales price or scrap the deal altogether if needed repairs are too expensive or complicated.
No one wants to overpay for a boat, so how can you get a good idea of its worth? For popular production boats, there are a few places that can help. Nadaguides.com and www.bucvalu.com list values of hundreds of models. Keep in mind that estimates from any service presume clean boats typically and appropriately equipped, with everything in proper working order.
Not too many years ago, if a buyer was looking for a certain type of vehicle and found one advertised more than an hour's drive away, that person probably didn't buy it! Today, however, with the evolution of companies like eBay, BringATrailer, Facebook Market Place and other specialty sites, things have really changed!
A few years ago, Ron Gibson of Auto Appraisal Network (AAN) in Dallas, helped a car owner as she prepared for her divorce. She had six cars that needed to be fully appraised to determine their current values and chose our company for advice and support.