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 NEW, NEW, News on the Catalina...

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Mark Catalina 27 AZ
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Posts : 165
Sailboat : Catalina 27
Male Join date : 2012-01-09
Job/hobbies : Rock Quarry President, Sailing, Family

PostSubject: NEW, NEW, News on the Catalina...   Thu Apr 05, 2012 7:15 pm

The sailboat shop guy I know, Tom, called and said the buyer's wife was giving him static on the boat purchase (sounds familiar x 2 of us).

Was asking $15,500
Buyer offered and was accepted at an offer of $15,000.

I reminded Tom that he told me it would need a bottom job sooner than later. He backed off of that, saying it had one a year or two ago and would eventually need another. I reminded him that he told me it would cost $2k. I added that I was not going to pay full price for a boat he told me would need a bottom job. I told him about my extensive research into average boat ASKING prices around the US, that the asking prices and NADA valuations were as follows:
Avg retail" $14,650
Avg SailboatListings price: $13,273
NADA: $14,080
Yachtworld: $13,750

I told him that the average of all of these ASKING prices and valuations was: $13,938, less HIS cost of the bottom job ($2k) would be $11,938, that I would offer between $12k and $13k--and I haven't even seen the inside yet!
He said he doesn't put much stock in NADA because the banks were the cause of our recent financial fall...
What? Er...WTF?
Anyway, I am lowering my boat price from $4,950 to $4,250, and now to $3999 firm, in order to get quick cash for a down.

And, the credit union hasn't even said yes, yet. They wanted inside and outside pics and a VIN.

They have no reason to say no except that they might not lend on older sailboats as a risk. I'll remind them that its a signature loan anyway. Idiots!

Now, to lower the price on my boat and figure out how to get my wife to agree to a second sailboat...sound familiar? Thought so!

Mine should sell at $4k.

I'm sure there will be more drams to follow, kiddies; so, stay tuned.!

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Mark Cat27 AZ Cool

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Everett CM32
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PostSubject: Re: NEW, NEW, News on the Catalina...   Thu Apr 05, 2012 7:41 pm

So your still in the running? That's great news!!

Wishing you the best Mark.

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1977 CM32 Sloop "J.F. Gone" Currently in re-fit, splashing 2013
1972 South Coast Seacraft 26 S/V "Seaweed" on the hook in Key Largo pirat
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Mark Catalina 27 AZ
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Posts : 165
Sailboat : Catalina 27
Male Join date : 2012-01-09
Job/hobbies : Rock Quarry President, Sailing, Family

PostSubject: Re: NEW, NEW, News on the Catalina...   Thu Apr 05, 2012 7:45 pm

Oh, yeah!

Just lowered the price on my CL add to $3,999 and emailed a couple of earlier inquiries to alert them to the price drop re: need to sell because a new boat is moving into the slip.

tHere's a really good video on youtube of a boat called Elizabeth Ann. If you search youtube for "becoming Elizabth Ann" its a restoration of a Catalina 27, similar to the one I'm after. Also, that family and the boat was featured fairly recently in Good Old Boat magazine.

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Mark Cat27 AZ Cool

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Gary
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Sailboat : Pair CM 32's Aft Cabin Ketch & Aft Cockpit
Male Birthday : 1956-10-17
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Age : 61
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PostSubject: Re: NEW, NEW, News on the Catalina...   Thu Apr 05, 2012 9:38 pm


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Gary

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Gary
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Posts : 1310
Sailboat : Pair CM 32's Aft Cabin Ketch & Aft Cockpit
Male Birthday : 1956-10-17
Join date : 2011-12-28
Age : 61
Job/hobbies : Artist

PostSubject: Re: NEW, NEW, News on the Catalina...   Thu Apr 05, 2012 9:49 pm

That is some moving trailer!

Very proud video!

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Gary

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