Pricing a boat to sell!!

[Graceolivia]

Hey all

 

How do I decide on an asking price?

 

Live aboard family here moved off our boat due to personal reasons (no need to bore you all) after 2 years of loving boat life.

 

We were still doing the internals to our liking so she is I guess a project boat internally although we lived aboard as she is now. 

The interior  now needs the new owners to complete it their way.
It has 12v to lights and water pumps but the plugs need to be fitted as we used 240v as we were in a marina and have since took out sockets.
New calorifier 2022
Blacked Oct 2022 with 6 new  anodes
BSC 2025 (although gas and electrics are now uninstalled)
Gas thetford cooker 2 years old.
Gas rings

Belfast sink

solid wood worktops
New Bath and new whale gulper pump
New fresh water pump
Half the flooring (grade 4 osb sealed) is New after we treated internal steel from boatmans through to bathroom with red oxide, aquasteel and steel paint.
Just repainted the roof.
6kw multi fuel stove
Erberspatcher needs servicing and is disconnected.

We ripped the fixed seats out and used sofas.

No dinnete 

Cassette toilet

 

Biggest outlay will be re installing bulkheads, sockets and adding better heating system for radiators. Then decorating as you please.

I'd advise blacking soon too.

3 large solar panels feeding batteries. 

 

70' GT Boat builders 1998 semi trad

Lister petter 4 cylinder water cooled

Bus windows with top hoppers 4 side hatches

[LadyG]

Should this be posted in the For Sale section?

Dont you have a gut feeling for the price you want?

You know how much you paid for the boat, and how much you have spent on new facilities.

Edited August 2 by LadyG

[Tony Brooks]

Look on Apollo Duck to see what similar boats in similar condition are priced at and then be prepared to drop because owners often seem to overvalue their boats.

[Graceolivia]

3 minutes ago, Tony Brooks said:

Look on Apollo Duck to see what similar boats in similar condition are priced at and then be prepared to drop because owners often seem to overvalue their boats.

Thanks.

Yeah, I certainly don't want to be an over pricer. I need her sold. 

[MtB]

£40k, or £35k for a quick sale.

[Graceolivia]

12 minutes ago, LadyG said:

Should this be posted in the For Sale section?

Dont you have a gut feeling for the price you want?

You know how much you paid for the boat, and how much you have spent on new facilities.

It's been 2.5 years since I bought her.

I have no idea what the market is like for a 70' 

I don't want to put people off, I'm looking for a swift sale.

 

 

1 minute ago, MtB said:

£40k, or £35k for a quick sale.

Very helpful. Thankyou.

[MtB]

7 minutes ago, Graceolivia said:

I have no idea what the market is like for a 70' 

 

10ft shorter and I'd have put the value £10k higher. On the other hand 70ft makes a great liveaboard size for two plus dog so will seem attractive to people who have some liveaboard experience.

[Graceolivia]

2 minutes ago, MtB said:

 

10ft shorter and I'd have put the value £10k higher. On the other hand 70ft makes a great liveaboard size for two plus dog so will seem attractive to people who have some liveaboard experience.

I wouldn't have thought that. No good pricing by the ft is it as some do that! Its how many folk are now looking for a liveaboard.

The engine is offset too so the space is immense with great light and head height. It's what attracted us. 

My biggest issue is we need money ASAP so a lower price is where I need to go to release funds. We were q family of 4 plus 2 dogs 

[MrsM]

Only you know how much you need for your future plans. As a long (ie not the most popular 57/8') project boat I fear your price might be somewhat  capped. Why not stick it on the Duck for £48k (or the low end of what you think it is worth)? If that doesn't attract a buyer you can always drop - much easier to go down than up in price. Have you considered getting a hull survey? That might de-risk it a bit for someone wanting a quick purchase. 

Edited August 2 by MrsM

[MtB]

8 minutes ago, Graceolivia said:

My biggest issue is we need money ASAP so a lower price is where I need to go to release funds. We were q family of 4 plus 2 dogs 

 

Well put it on Apolloduck for £30k and I think you'll get some offers pretty quickly. Beware the fender-kickers who are busy offering sums they don't actually have. When I sold my 68ft boat a couple of years ago I have multiple offers from people who, on pressing them, said stuff like "Well no we don't actually have the cash right now, we just need to get the house sold if you'll hold the boat for us". Jeez!

 

 

 

[Alan de Enfield]

An important question that will affect the price is do you have the RCD documentation ?

Refitting electrics and gas may require a Post Construction Assessment  for the buyer - this will cost between £4500 & £6000.

 

What date in 1998 was it manufactured / launched ?

Edited August 2 by Alan de Enfield

[MtB]

3 minutes ago, Alan de Enfield said:

An important question that will affect the price is do you have the RCD documentation ?

Refitting electrics and gas may require a Post Construction Assessment  for the buyer - this will cost between £4500 & £6000.

 

What date in 1998 was it manufactured / launched ?

 

All very true. 

 

I assumed no RCD documentation with my suggestion of listing it at £30k for a rapid sale. 

 

With RCD documentation, I'd suggest £30,001, such is the degree to which people looking for a bargain doer-upper care about reams of box-ticking RCD paperwork.

 

 

[DD.]

I think it can depend where you live as well. In my area a 70' won't go through a lot of the locks, and also limits mooring. So personally I think larger size can affect the price.

 

I will be living aboard. But as much as I would like as much space as possible. 57' is the biggest I would go.

 

Where I am these are more expensive.

[booke23]

I agree with @MtB.......£30k-£35k assuming the hull is ok. 

 

The upper figure would probably only be achieved if you sold through a broker. 

[MtB]

3 hours ago, Alan de Enfield said:

An important question that will affect the price is do you have the RCD documentation ?

Refitting electrics and gas may require a Post Construction Assessment  for the buyer - this will cost between £4500 & £6000.

 

What date in 1998 was it manufactured / launched ?

 

Whereas not having the PCA will cost nothing, and the chances of being caught and prosecuted for it are vanishingly small. Or less. 

 

And even if prosecuted, £100 fine (estimated) means one is still massively up on the deal. 

 

 

[frahkn]

7 hours ago, Graceolivia said:

Hey all

 

How do I decide on an asking price?

 

Live aboard family here moved off our boat due to personal reasons (no need to bore you all) after 2 years of loving boat life.

 

We were still doing the internals to our liking so she is I guess a project boat internally although we lived aboard as she is now. 

The interior  now needs the new owners to complete it their way.
It has 12v to lights and water pumps but the plugs need to be fitted as we used 240v as we were in a marina and have since took out sockets.
New calorifier 2022
Blacked Oct 2022 with 6 new  anodes
BSC 2025 (although gas and electrics are now uninstalled)
Gas thetford cooker 2 years old.
Gas rings

Belfast sink

solid wood worktops
New Bath and new whale gulper pump
New fresh water pump
Half the flooring (grade 4 osb sealed) is New after we treated internal steel from boatmans through to bathroom with red oxide, aquasteel and steel paint.
Just repainted the roof.
6kw multi fuel stove
Erberspatcher needs servicing and is disconnected.

We ripped the fixed seats out and used sofas.

No dinnete 

Cassette toilet

 

Biggest outlay will be re installing bulkheads, sockets and adding better heating system for radiators. Then decorating as you please.

I'd advise blacking soon too.

3 large solar panels feeding batteries. 

 

70' GT Boat builders 1998 semi trad

Lister petter 4 cylinder water cooled

Bus windows with top hoppers 4 side hatches

I would take it to a reliable broker (I would choose Rugby boat sales - but there are others) and have them advise on a sale price. They have no reason to under price it (they would be reducing their commission) or over price it (it might be hanging around for months).

[Mike Todd]

15 hours ago, LadyG said:

Should this be posted in the For Sale section?

Dont you have a gut feeling for the price you want?

You know how much you paid for the boat, and how much you have spent on new facilities.

In many cases. money spent on 'improvements' does not lead to a corresponding hike in market value. Only time they are worth doing for that purpose is when a swift sale is important.