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Subject: [world-cruising] Buyer's Market
From: MFCorcoran (mfcorcoran@XXX.XXX)
Date: Sat Apr 05 2003 - 20:39:09 EST
Hi,
I normally just read this, and other, lists to pick up ideas and tips in my
ongoing search for the perfect boat (at the perfect price). Recently, I
have noticed a few people pointing out that it is a "buyer's market". I am
aware that quite a few boats which I looked at last year are still on the
market today -- and some seem to have been on the market as long as 18
months. That sure seems to qualify as a buyer's market.
Now, as a prospective buyer, I would like to know how to leverage that
market. Since I have not yet made an offer, I do not know how much
negotiating room (percentage wise) I will find in the market. My budget
hits a wall in the 40-45K range, so a 20-25% negotiating room on a 50K
cruiser would make all the difference in the world. The brokers I have
spoken with have all -- suprise -- told me that each and every boat they
have shown me is priced at rock bottom . . .. I don't believe it, but if it
is true, I don't want to waste either my time or their time on unaffordable
boats.
Any insights, real world experience, or advice on how to handle the initial
bid would be much appreciated.
Thanks
Matt
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