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How do you get a value on your boat?
#9138026
07/17/13 03:48 PM
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Joined: Nov 2007
Posts: 233
txstoby
OP
Outdoorsman
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OP
Outdoorsman
Joined: Nov 2007
Posts: 233 |
My dad passed away several years ago and his boat was in the carport for years. It is a 87 Duracraft 17 ft 10 in long. 90 guage aluminum all welded. I think the motor is the same year a Mariner 80 hp with tilt and trim. The trailer has been redone but I have no idea what to ask or where to get a value. Any suggestions?
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Re: How do you get a value on your boat?
[Re: txstoby]
#9138223
07/17/13 04:48 PM
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Joined: Apr 2011
Posts: 103
mike 266
Outdoorsman
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Outdoorsman
Joined: Apr 2011
Posts: 103 |
If your mother is the co-owner on the titles, get her to sign them over to you. File your paperwork with TPWD so the titles are in your name. Find the trailer paperwork. Take the boat to get serviced or have someone knowledgeable you trust help you.
Without a Texas title in your name and a serviced motor with good compression, you may a lot of trouble determining the value because not many would be interested.
If you decide to sell, just look for nationwide search (search tempest) for similar year and make and see what they are listing for. Start a little high and negotiate. If you get 15 calls in less than 24 hours, you probably could have sold it for more, but the market is interested. If you get 0 calls in the first week, you are priced too high, regardless what you think the boat value could or should be.
Fish on hook! Reel him in, slowly.
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Re: How do you get a value on your boat?
[Re: txstoby]
#9138329
07/17/13 05:26 PM
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Joined: Apr 2008
Posts: 664
furim2
Pro Angler
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Pro Angler
Joined: Apr 2008
Posts: 664 |
Do not put it in your name. It will cost you a bunch in sales tax, and won't increase the value of the boat one bit.
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Re: How do you get a value on your boat?
[Re: txstoby]
#9138370
07/17/13 05:41 PM
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Joined: Apr 2011
Posts: 103
mike 266
Outdoorsman
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Outdoorsman
Joined: Apr 2011
Posts: 103 |
I think if it is done as a gift, which I would assume that would apply here, no sales tax would be paid, just the title transfer fees.
I am just trying to put some ideas up for this person to review. I am sure if they research more they will learn very quick what will be the right solution to their problem.
Fish on hook! Reel him in, slowly.
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Re: How do you get a value on your boat?
[Re: mike 266]
#9138542
07/17/13 06:42 PM
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Joined: Nov 2008
Posts: 7,747
361V
TFF Celebrity
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TFF Celebrity
Joined: Nov 2008
Posts: 7,747 |
I think if it is done as a gift, which I would assume that would apply here, no sales tax would be paid, just the title transfer fees.
I am just trying to put some ideas up for this person to review. I am sure if they research more they will learn very quick what will be the right solution to their problem. You are correct. Simply go up to the office and they have a form for a family member "gifting" the boat to you. Bring your mother and do it in one trip or you may be able to download the form from the TPW website. Small fee but no sales tax. Same with automobiles.
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Re: How do you get a value on your boat?
[Re: 361V]
#9138863
07/17/13 08:24 PM
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Joined: Nov 2007
Posts: 233
txstoby
OP
Outdoorsman
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OP
Outdoorsman
Joined: Nov 2007
Posts: 233 |
Thanks. I have it at the shop now where the mechanic can go through it. I told him to fix whatever needs to be fixed. Thanks for your responses.
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Re: How do you get a value on your boat?
[Re: txstoby]
#9139066
07/17/13 09:22 PM
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Joined: Jan 2010
Posts: 507
Pitdad
Pro Angler
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Pro Angler
Joined: Jan 2010
Posts: 507 |
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Re: How do you get a value on your boat?
[Re: txstoby]
#9139236
07/17/13 10:21 PM
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Joined: Jan 2008
Posts: 20,180
Donald Harper
TFF Guru
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TFF Guru
Joined: Jan 2008
Posts: 20,180 |
Hay Toby: Your boat is like me. It is too old to put a price on.
Send me some pics. and I will tell you what it is worth.
Each person you work with holds some promise to your future success. Websiite Sponsors: www.eletewater.com - Staying Hydrated www.lakeoviachic.com - Booking Mexico Trips 20 Hot Spot Mapping - GPS Contour Chips - Custom Spinner Baits - Jigs -Spooks Pure Extracts - Minnow-Night Crawler-Crayfish-Craylic
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Re: How do you get a value on your boat?
[Re: Pitdad]
#9139368
07/17/13 11:08 PM
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Joined: May 2012
Posts: 2,087
Skeeter_Man1
Extreme Angler
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Extreme Angler
Joined: May 2012
Posts: 2,087 |
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Re: How do you get a value on your boat?
[Re: txstoby]
#9140612
07/18/13 12:23 PM
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Joined: Dec 2012
Posts: 710
Workfishngolf37
Pro Angler
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Pro Angler
Joined: Dec 2012
Posts: 710 |
They say my boat is worth 25,000 but if I were to sell it today I would ask 27,000 or 28,000. If I don't sell it then o well but a boat that's paid for is priceless.
Last edited by Workfishngolf37; 07/18/13 05:52 PM.
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