Re: Value question for newbie
it depends on how many people know the boat is for sale. If you are the only interested party, you could probably get it for under $4K if the owner isn't convinced he owns a "collectors item". Then again, some of the junk heaps for sale in boat trader would be better off being donated to the county landfill.
The issues you list with the floor and such are concerning. It sounds to me like the boat needs a new floor and a '72 likely needs a new fuel tank as well as transom. Just keep in mind that all the little simple repairs can really start to add up in a hurry. When you start adding up a new engine, a transom job, new paint throughout, etc, you can see where an already restored boat at three times the cost of a beater starts to be a real bargain.
If you really want to go the project route, offer the seller $2500 and bargain back and forth from there...
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