Not sure if this is the place to post this, so point me in the right direction if I'm wrong.
I was hoping you fine people could give me some advice on what to offer for a boat.
The boat I'm looking at is a 76 Ericson 29 with an Atomic 4 engine. The boat definitely needs some cosmetic work, but is structurally sound, comes with sails and a roller furler. Now the issue is, the engine doesn't run. I think I can do the work to get it running myself. The seller has a $4k quote to get the engine fixed, but you could also buy a rebuilt engine for $4,500 or so. The boat is being offered for $6,500, I've been talking to some people on the engine forums and they think I should offer $2k with no (working) engine. I was thinking in the $3-4k range, but wanted to see if anyone here had any thoughts.
Thanks!
Kevin
I was hoping you fine people could give me some advice on what to offer for a boat.
The boat I'm looking at is a 76 Ericson 29 with an Atomic 4 engine. The boat definitely needs some cosmetic work, but is structurally sound, comes with sails and a roller furler. Now the issue is, the engine doesn't run. I think I can do the work to get it running myself. The seller has a $4k quote to get the engine fixed, but you could also buy a rebuilt engine for $4,500 or so. The boat is being offered for $6,500, I've been talking to some people on the engine forums and they think I should offer $2k with no (working) engine. I was thinking in the $3-4k range, but wanted to see if anyone here had any thoughts.
Thanks!
Kevin