Boatmax has a unique program that can determine the market value of your boat.
TBV (WHAT IS TBV/) is unique in that it attempts to determine the worth by analyzing listings in the marketplace, but adds to the equation the UNIQUE IDENTITY of the boat as to its equipment, condition and even location.
A well done review of the boat can even add value to a boat by reducing the fear and anxiety of a prospective buyer.
It is accomplished through a review of the entire condition of the boat, and the condition of the resale market along with an intensive review of prior sales of boats similar to yours. Many times a seller will look at resales and listings of boats to see what his boat is worth. THIS OFTEN PROVIDES INACCURATE VALUES This is not a good pricing model.
Listings are not completed sales; they are asking prices.
And completed sale prices do not indicate the condition of the boat or the extent of its inventory of electronics, and other accessories. Boats can accumulate a tremendous amount of gear. Each piece must be inventoried as to manufacurer, model and date put into service.
New electronics are worth more than old electronics. Refrigeration, anchor winches, dinghies and outboards, galley equipment, “canvas”, and anything else the owner added can augment value. However they must be “more” than just referred to. They must be carefully inventoried and able to be demonstrated.
TBV can not only identity the value of the boat and its equipment, it can also create a listing that can clearly demonstrate the value. What this does during the selling process is to help avoid wide variations in offers. It creates CREDIBILITY BOTH IN THE BOAT AND IN ITS VALUE. It allows the sellers USED BOAT to become the buyers NEW BOAT.
