Please help me guess how much my boat is worth

mada · #1 11-04-2003, 02:04 PM

Here is a link to my recently overhauled 20 cc. I would like to know what it is worth as I am considering doing a winter project (23 footer cc)

Here is a link the gallery:

web page

I have no idea what it's worth now. I have 6k into the new transom and deck, wiring and all the other fixin's and my mechanic says the boat's engine is worth about 6 grand. It's a 135 optimax. Any input would be appreciated.

mada · #2 11-04-2003, 03:05 PM

forgot to mention:

all new this year:

dual battery setup
lockable console
dual auto bildge pumps
completely rewired
custom wheel
custom flush glove box on console w/ lighting
fishfinder

FELLOW-SHIP · #3 11-04-2003, 04:10 PM

The value is always in the eye of the beholder but for me I am beholding 20 something grand of one beautiful boat.
FellowShip [img]images/icons/cool.gif[/img]

mada · #4 11-04-2003, 04:23 PM

Fellow-Ship. I agree. Looking at what 20 grand can buy you now, these tuned up boats should be worth a good amount.

In all reality, what would someone pay for a rig that was updated with a raised transom, deck, and all the fixin's?

Mark · #5 11-04-2003, 05:03 PM

did the actual height of the stringers/floor get raised or did the aft compartments merely get cut out? That would make a big difference to me. I've had two of them now and if the floor was still at the original height, I'd pass on it. Once they are made self-bailing by raising the floor it would be something to think about.

ocuyler · #6 11-04-2003, 05:44 PM

Mark makes a good point. I'm thinking 18 plus...

mada · #7 11-04-2003, 06:44 PM

Those numbers sound really nice, but I am having a hard time believing somone would pay 18 for this. Nobody would love it more than me, but last time I saw an early 70's 20cc seacraft (totally redone) for more than 15k. The seller got trashed with negative feedback.

ie: check out the poor fellah that posted his 20 footer on thehulltruth.com.

Am I asking too little when I expect 15 grand for this boat. Are buyers out there for this boat at this figure?

Mark · #8 11-04-2003, 10:36 PM

so did you raise the floor or not??

PipeDreamsMarine · #9 11-05-2003, 07:59 AM

I really hate to be a party pooper but.. Let come down to earth for a few mintues. Sea Crafts are great boat and the older ones are better then the new ones. But most of the value is really in the eyes of the owner and other Sea Craft lovers. 15g's is alot for the boat(sorry). The used boat market is soft right now because everyone is buying new (low rates) so the used boat market is flooded with 5 to 10 year old boats, for the same price. To sell that boat for that kind of money you got to find a Sea Craft nut to buy it, well most Sea Craft nuts are looking for the project boat to make there own, not one that is already done for 15g's. But the hardest fact is that no bank is gonna finace a 30 year old boat. So you need a cash in hand buyer to walk though your door. The guy with 7 to 10g's is more likely to be out there then the 15 to 20g guy. I'd start at 12 g and hope for the best but if a guy walks though the door and has 10g's I'd send it down the river.

Sorry, I hope I didn't step on any ones toes

mada · #10 11-05-2003, 08:28 AM

PipeDreamsMarine,

That is what I was looking for, a very realistic approach to value the boat.

About the cash though, there are other options for someone, like a home eq. loan where you can write off the interest.

Mark, the new floor is higher than the original, I put the ping-pong scuppers in, but the self bailing system is still only a 4 out of 10. I'm not totally psyched about that. I run this little thing far far far and I really should carry a rescue pod on board.

I just want a bigger boat and don't want to take too much of a bath on the transaction.