Boat Appraisals: Part II of II
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Buying or selling a boat in South Florida? Whether you are thinking of buying or selling a boat in South Florida, it makes good sense to have it inspected and appraised to determine its current Fair Market Value before you proceed. For information, call/text 786-853-0711
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.
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.