LittleSister
Well-Known Member
Banger, you are spot on. The Fisher is silly money, most are asking £24k but therd are a lot of LM27s on the market at even sillier money. Boatshed have an LM27 at £29,950. Most are asking mid to low 20s. My feeling is that the brokers are kidding their clients on by overvaluing their boats.
I have now written off the Fisher as it is just not worth the money.
At the moment, I am going to look at an lm27 with rear doors to the wheelhouse and bilge keels, trouble is it is too expensive.
At my last trawel, there are about 12 LM27 for sale.
There are a few on the market at around 16 to 19k, the one I am looking at is low 20s.
Thanks for your thoughts Banger
I'm in the market for a boat, have been looking around for a while (including at motor sailers), and can only conclude that a lot of people paid top dollar for boats 25 or so years old at the height of the boom, and haven't cottoned on to the fact they're selling boats now going on 40 years old in (what is for most buyers in that market) hard times with the economic outlook even gloomier.
I did view a couple of LM27s, both under £20k, and one of the brokers as good as told me both before and after viewing it that it wasn't worth the asking price. At one point it seemed to be being suggested to me that it should be advertised about 20% lower, but the owner wouldn't accept the advice. As it happens, for various reasons I wasn't interested in that particular boat at any price, but even if I were I'd think it ought to be much lower than that.
It appears there are currently very few people buying at that level in the market. Many of the boats have clearly been advertised for a very long time, and of all the boats I've taken any sort of passing interest in only one has been sold.