Asking Price, Want Price & Pain barrier Price

[southseaian]

I recently bought a Merry Fisher 695. After an internet research to get an idea of prices, equipment etc I inspected several in my price range. Liked one and made on offer of around 98% of asking price and was turned down.
There was another boat at the same place which I liked but outside my budget i offered about 80% of asking price and was accepted. Mine was the first offer and details of of boat had not yet printed.
Broker said one owner wanted to sell the other was not bothered.

 

[henryf]

I recently bought a Merry Fisher 695. After an internet research to get an idea of prices, equipment etc I inspected several in my price range. Liked one and made on offer of around 98% of asking price and was turned down.
There was another boat at the same place which I liked but outside my budget i offered about 80% of asking price and was accepted. Mine was the first offer and details of of boat had not yet printed.
Broker said one owner wanted to sell the other was not bothered.

As ever percentages are totally immaterial, price is the critical thing. One boat was up for £30k and the bloke wouldn't take an offer of 98%, another was up for £60k and the far more sensible owner took my bid of 80%.

I appreciate that an offer of 98% was unlikely to get turned down and you would have to question why the boat was being listed. Shoe on the other foot though, why walk away for a paltry 2%? Can you really value a boat to that amount? You're almost getting to the point of dipping the fuel tanks and weighing the gas in the bottles.

Please don't see my comments as critical towards you personally, more a general comment on all this X% off asking talk.

 

[rbcoomer]

I know of a chap who has just bought from a well know & established broker on the south coast, boat up for £1.7m, offered £1m hoping to get broker off his back, offer accepted.

'Ambition price' was probably 850K Not sure what strategy you'd adopt on a vessel of that value, but one that makes the potential buyer think it's a steal at 1M is probably a very shrewd one as there's probably far fewer to compare with. Pricing well above what you really want/expect would be a good way attract buyers who can afford - and you can always come down in price.

 

[ontheplane]

If someone turned down 98% of asking, it's not really for sale in my book.....

If you'd offered full asking he'd probably have rejected!

I offered full asking on a house once, agent came back and said the owner wouldn't accept less than another £5k...!