We often see boats that have been on the market for far too long. There could be multiple reasons for this—the owner may be asking too much, the boat has problems, the boat has no exposure or maybe the owner has chosen the wrong brokerage company to represent him. Our job is to sell your [...]
With the current boat sales market being in a slump, some sellers are all too eager to offer deep discounts. For years, most brokers had access to the N.A.D.A. Appraisal Guide which sets parameters for the valuation of used boats. Although these guides did not take into consideration the real value of boats at any [...]
The current economy has deterred people from even looking at boats. But, as is proven by history (remember the 70’s ?), this will all turn around – some predict after the upcoming election and others predict after fuel prices have plateaued once again. But nonetheless, it will turn around, albeit not as strong as it [...]
If you are planning on selling your boat, it is advantageous to know what the potential buyer’s surveyor will find when he inspects your boat. A short list is what you are looking for. If he finds too much wrong, the buyer’s initial reaction is to just walk away. We know what surveyors look for [...]
Downeast Boats originated in Maine and derive their name from the geographical orientation of the Maine coastline. The original Downeast boats themselves are the backbone of the Maine lobster industry. In some cases the commercial boats have been trimmed out and are called “lobster yachts” by some.
Some people have inflated expectations of their boats worth, some are impatient and some just don’t understand the principals of supply and demand or how the used boat market place works. Here are our basic rules for getting your boat sold.
Once you’ve inspected and chosen a boat, decide on what you’re willing to offer based on what you have seen, and whatever adjustments are justified based on condition, equipment, etc. This may be a decision based on several factors including current market value, suggestions from your broker, the length of time the boat has been [...]
