Appraisal
This type of inspection is performed to gather enough information to determine the fair market value of the vessel. It is usually performed for estate settlements, donations, and legal matters. Market research is carried out, and the vessel is inspected to help ascertain its correct value. Factors such as the vessels age, condition, and where the vessel is lying are considered.
It may not be evident that the exact same boat located in Florida where it is used year round is worth approximately 10% less than one located in New York.
Boat pricing is in constant flux. In times where fuel costs are high powered vessel decrease in value while sailing vessels increase in value.
Copyright Fred Moore, 2004,2005,2006,2007 All content
