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    The Million Dollar question?-gctid390940

    What is my boat REALLY worth.

    We found a replacement for itsabowtime2.

    So, what is a 1993 3055 worth? On boattrader prices are from sub 10k to 30K plus. Feel free to fire away. I'm thick skinned so don't worry about hurt feelings. Here is a list of what has been done to the old girl:

    Improvements / Maintenance

    Impellers, 2012 (fresh gear lube as well) (Professionally done)

    Bellows, Gimble, 2009 )Professionally done)

    Bottom paint, fall 2008 (Professionally done)

    L seat rebuild, new wood, vinyl, 2009

    New Bimini, 2010

    New Windlass (Anchorlift low profile), 2011 w/ foot switches and helm control, 140' chain rode, dedicated AGM battery and charger.

    AC w/ Heat, 2010. Digital controls

    New shower sump. 2010

    Flat panel TV w/DVD, 2010

    New Microwave, 2012

    New Coffee maker, 2012

    New depth sounder w/ thru hull, 2011

    Sony stereo w/ remote at the swim platform, 2010

    New speakers 2011

    New VHF w/DDS, 2012

    I-Pod interface docking station for stereo, 2011

    12" sub woofer with Amp, 2011

    Wood floor, 2009

    New, 1200 GPH bilge pump, 2009

    Lite Flush electric head, 2012

    Holding tank in-line filter.

    New sanitation lines, head to tank, tank to macerator

    JVC stereo in cabin with remoteneeds speakers installed (have them)

    New cabin windows, 2012

    Hull wheeled (buffed), 2012

    4 step boarding ladder, 2009

    New blower motor, 2008

    Halon system in bilge

    New starting battery, 2011

    2 Interstate deep cycle batteries for house bank

    Oil change, fuel/water seperators fall 2011

    Spare 3 blade props, currently running 4 blade.

    One lower unit new in 2009, the other 2010.

    ALL original manuals from 1993 in a binder

    Manuals for all the new items as well

    Unknowns:

    Never have used the hot water tank

    Has Bennett auto trim tab system. Have never used.

    Never used the countertop stove.

    Needs:

    V birth fabric is beginning to pull apart at the seems.

    Have a quote of $100 plus material to re-do.

    Cover is beginning to show its age. It has a few more years left in it, but it is not new.

    2 bow rail base fittings are cracked. I have replacements, need to install.

    Items not installed yet:

    Have a new replacement holding tank.

    Have 25' of new, low odor (Trident) sanitation line.

    Specs:

    Twin 5.0 LX Merc w/ Alpha drives. Remote oil filters.

    8000 lbs dry weight

    30' 9" length

    10' beam

    120 Gallon fuel tank

    36 gallon fresh water

    I'm think of pricing her at $25,000 to start. Not sure if that is to high?? Thoughts?!?!
    Phil, Vicky, Ashleigh & Sydney
    1998 3055 Ciera
    (yes, a 1998)
    Previous boat: 1993 3055
    Dream boat: 70' Azimut or Astondoa 72
    Sea Doo XP
    Sea Doo GTI SE
    Life is short. Boats are cool.
    The family that plays together stays together.
    Vice Commodore: Bellevue Yacht Club

    #2
    price high...you can always negotiate lower...can't negotiate higher.....

    :arr arr

    Comment


      #3
      Many folks have struggled with this over the years as did we a number of times.

      I can't tell you what your boat is 'worth' any better then we could tell ourselves but.....

      I can tell you how you can make yourself feel at least a bit more comfortable about the whole idea.

      Find a half dozen or so equivalent boats as yours in the area and go see what they really are like.

      It was always a real eye opener when we went to see simlar boats as our for sale or just purchased to get a feel for the condition.

      We often see them anyway as we meet people on a cruise and can either help them with information, crusing sites, or parts sources.

      Hope this helps
      Northport NY

      Comment


        #4
        20-25kish. The trailer will help, if your not keeping it.

        All the updates, repairs, mods you have added wont add to the overall value remember, they will only make your boat stand out next to others in your class.

        Make sure you test your unknowns, nothing makes me cringe more when buying something then an owner that says "dunno never used it before". Usually to ME thats a dead giveaway of something is up and is an immediate turnoff. Test everything, make sure it works.

        Comment


          #5
          Just a thought- it is ultimately worth what someone is willing to pay for it. We can guess at what that number is in advance. Start high and see what happens, you can always negotiate or reduce your price.

          Comment


            #6
            You need to find an honest broker, that you trust, and ask him/her.

            A good broker will do some homework that includes finding proper comparables and researching recent sale prices (not asking prices). They can also adjust for your area, fresh vs saltwater, missing/extra equipment, etc.

            Obviously, an incompetent or unethical broker won't do you any good, so you have to find a good one. They're rare but they DO exist.

            Comment


              #7
              whiskywizard wrote:
              You need to find an honest broker, that you trust, and ask him/her.

              A good broker will do some homework that includes finding proper comparables and researching recent sale prices (not asking prices). They can also adjust for your area, fresh vs saltwater, missing/extra equipment, etc.

              Obviously, an incompetent or unethical broker won't do you any good, so you have to find a good one. They're rare but they DO exist.
              I was guna say mike, I have yet to find a decent broker. You will also pay a hefty chunk of commission to them, at 20k is it really worth it? I can see a broker for a 100k+ boat, they can bring people in with money that you might not be associated with. Not really for 20k, you can find buyers on craigslist or boattrader for that. Just my opinion.

              Comment


                #8
                biohazard wrote:


                Make sure you test your unknowns, nothing makes me cringe more when buying something then an owner that says "dunno never used it before". Usually to ME thats a dead giveaway of something is up and is an immediate turnoff. Test everything, make sure it works.
                Bingo. As I was reading the OP when I got to the unknowns I immediately assumed that each of them was a problem. Odd considering I have a belief that the boat is very well cared for but by not knowing that it did work, I immediately assumed it didn't. Especially the trim tabs. As a buyer I would assume they would have been used at some point. How hard is it to get out and use that system to see if it works? Or the hot water and stove. Fire it up and be able to give them peace of mind (even if it doesn't work).

                Comment


                  #9
                  biohazard wrote:
                  I was guna say mike, I have yet to find a decent broker. You will also pay a hefty chunk of commission to them, at 20k is it really worth it? I can see a broker for a 100k+ boat, they can bring people in with money that you might not be associated with. Not really for 20k, you can find buyers on craigslist or boattrader for that. Just my opinion.
                  The way I see it personally, brokers pull deals together and help ensure they close without snags. When the asking price is small, as in this case, the commission is also small. A good broker earns his commission many times over. That's my opinion but of course each seller has to decide for himself if it's worth it.

                  p.s. You don't have to pay a commission until you list and sell with the broker. Before you list, you'll know what he/she thinks is the right asking price and selling price. The good ones, with good local knowledge, will decide in 5 minutes what that boat is worth. talk to a couple - it doesn't cost anything to talk.

                  Comment


                    #10
                    Salt water or fresh water?

                    Makes a big difference up here.
                    2007 Discovery 246
                    300mpi BIII
                    Welcome island Lake Superior

                    Comment


                      #11
                      Phil,

                      i do not know about your area but, I priced my 1997 2355 with 300 hrs all new canvas (2 years) 5.7 Alpha 1 gen 2.

                      The boat is cleaner than most. 8.5-9 on a 10 scale. trailmaster 2 axel trailer with brakes (1997) new tires.

                      $14,000.00 I can't not even get an offer.

                      it is paid for and it can sit or I will give it to one or all of my kids to use if necessary.

                      Bob

                      Comment


                        #12
                        I think the prices are really dependent on the area. Around where I have a chance to look (and that may be different just some miles away) small boats sell almost at the same price as larger boats of same age and condition. When I was on the hunt for mine I could have picked my 17.5ft 4cyl or a 24ft 8cyl, both in excellent condition, at only a $1000 difference. Couldn't tow the big one so I got the small one. The 24' boat was still advertised 7 months later.

                        Looks to me that people all of a sudden care about fuel economy and cost of maintenance. A smaller boat can be stored in the garage or side yard, the bigger ones need a slip or storage space and a gas guzzler to tow it.

                        Comment


                          #13
                          I agree with this 100%!

                          seapuppy wrote:
                          price high...you can always negotiate lower...can't negotiate higher.....

                          :arr arr

                          Comment


                            #14
                            Regarding brokers, if they ask you what you need to get, or something similar, walk away. Just get their opinion first.

                            Phil, you need to decide what it's worth to you, IOW, what's your bottom dollar you would sell it for. When I sold my 305, it was priced high, but under retail book. I had my bottom line price, and after 19 months for sale, that's what I finally got. He offered under, I countered higher, we met in the middle at my bottom line. I knew he was going to buy it, we just had to dance a bit.

                            I bought the 2858 eight months before I sold the 305, because it was the boat I wanted and we agreed on price. If you need to sell your 3055 before upgrading, you probably won't get your price. If you can afford to upgrade, then sell, you'll come out better, eventually.

                            I think $25k is probably a good start, maybe even higher. As stated before, you can always come down. A word of caution. Sounds like you have your 3055 just how you want it. Before I bought the 305, I had a 289. Now I have a 2858, you do the math, I think you know what I'm saying here...
                            Jeff & Tara
                            (And Ginger too)
                            Lake Havasu City, AZ

                            2000 Bayliner 3388
                            "GetAway"
                            Cummins 4bta 250s

                            In memory of Shadow, the best boat dog ever. Rest in peace, girl. July 2, 2010

                            Comment


                              #15
                              Bit of confusion.

                              The trim tabs do work. It has the auto trim system. I have never used it. I use the tabs to get up on plane then raise them and only use tab to adjust starboard/port to get the boat level.

                              Great idea to check what has bot been used. And Vicky corrected me, we used the stove once.

                              Appreciate all the insight.
                              Phil, Vicky, Ashleigh & Sydney
                              1998 3055 Ciera
                              (yes, a 1998)
                              Previous boat: 1993 3055
                              Dream boat: 70' Azimut or Astondoa 72
                              Sea Doo XP
                              Sea Doo GTI SE
                              Life is short. Boats are cool.
                              The family that plays together stays together.
                              Vice Commodore: Bellevue Yacht Club

                              Comment

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