Q:

How do you find the average price of a boat?

A:

Quick Answer

Find the average price of a boat by researching the boat on online databases, assessing the condition of the boat and hiring a surveyor. Also search online classifieds for price comparisons.

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Full Answer

Comparing price listings from various classified sites gives you an idea of what the going rate for a particular boat is, but often these prices are above the actual value of the boat. This is especially true for boats being sold by the owners. For a more accurate price at which to buy or sell a boat, consult professional boating databases. These sites provide all of the specifications of the boat and offer a truer value.

Values differ drastically according to condition, even among boats of the same make and model. When buying a boat, look to buy from an owner who takes his boat out at least a couple of times a month. This regular use helps ensure that the boat is well maintained and in good condition. When selling a boat, getting top dollar requires proper and thorough maintenance and upkeep.

For both buying and selling, hiring a surveyor helps put the right price on the boat. While there are no official regulations for marine surveyors, there are some reputable organizations such as the American Boat and Yacht Council and the Society of Accredited Marine Surveyors to help you find a competent surveyor.

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