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 Post subject: And Another 1977
PostPosted: 31 Mar 2021 11:31 
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Skipper

Joined: 09 Aug 2017 15:35
Posts: 535
Location: Maine/USVI
https://maine.craigslist.org/boa/d/seba ... 95268.html

Howcome I never get boats or guitars with all that beautifully figured woodwork?


 
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 Post subject: Re: And Another 1977
PostPosted: 01 Apr 2021 09:49 
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Midshipman

Joined: 06 Aug 2020 09:02
Posts: 70
It's ads like these that really make me wonder why I'm spending all this time and money on my refit. I know boats aren't fiscal "investments" but there are an awful lot of boats out there on the market that seem like really good deals. Maybe the deck of this one is soaked and I shouldn't feel so bad.


 
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 Post subject: Re: And Another 1977
PostPosted: 01 Apr 2021 12:29 
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Skipper

Joined: 09 Aug 2017 15:35
Posts: 535
Location: Maine/USVI
Don't get me started and for GOD'S sake don't let my wife hear you. I'd have taken it all apart anyway, though. It's what I've always done.


 
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 Post subject: Re: And Another 1977
PostPosted: 02 Apr 2021 07:19 
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Skipper

Joined: 04 Aug 2013 13:33
Posts: 318
"Maybe the deck of this one is soaked and I shouldn't feel so bad."

Reminds me of the first T37 I looked at - newer and looked great cosmetically asking price was $40k.

The surveyor kept finding one thing after another in different systems that required rework. At one point, he pulled out the little nylon-head hammer used for tapping the deck (for soft spots) and said "I'm going to lend you one of my favorite tools so you can hit yourself in the head untill you realize you don't want to buy this boat'.

Later he said "Ever heard the old saying: The most expensive boat I ever bought was the cheapest boat I bought".

It took the out of water part of the survey (where we had to sail into the gantry due to engine problems) to find the real deal-killer. The broker relayed this new information to the sellers and they came back saying they would take $19k. I think there's a lesson in all this...

Fortunately, when the same guy finished surveying the T37 I ended up with and I asked his overall impression, he said "Can't go wrong". He said finding a boat in good condition is worth a premium price.

I hope I never have to shop for one again...

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Dave Lorick
Lunacy #198
Tampa, FL


 
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 Post subject: Re: And Another 1977
PostPosted: 02 Apr 2021 08:11 
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Midshipman

Joined: 06 Aug 2020 09:02
Posts: 70
I know it's often been said here that poorly maintained boats are over-valued and well-maintained boats are under-valued. I wonder how many owners actually know the extent of the issues with their boats. For instance, I know my deck is wet but I might not suspect the extent of it had I not used a moisture meter (yes, I know they can be off). Despite the boat always being covered in the winter, it's a big issue that I really dread having to fix. And, buying a boat that will be in need of re-power almost seems counter-productive unless that boat can be bought at a significant discount. I suspect that the re-power alone if done professionally with a new engine is $25K or really most of the cost of a decent T37. I don't treat any boat like a monetary investment but there needs to be some cost realism when considering purchase price, time and money for repairs, and prospective re-sale price.


 
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 Post subject: Re: And Another 1977
PostPosted: 02 Apr 2021 19:24 
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Skipper

Joined: 13 Feb 2011 21:19
Posts: 257
Location: Canyon Lake, TX
I bought my '80 Tartan knowing it was a project boat. I recently looked up my past orders on Defender.com and I've sunk $15K extra into the boat. Then came Hurricane Sally and now I'm adding to the cost some more.

Interesting story: While we were waiting for the insurance decision, the Admiral spent some time looking for a different boat to replace ours. She spent Friday night, Saturday and Sunday browsing the internet and kept rejecting everything she saw except for another 37-2 in Maine. And it had a heater that we will never use on the Gulf Coast.

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Wayne
Master and Commander of the Sailing Vessel Impetuous
Rider of Waleli Honda 1800 VTX
Subservient to no man except SWMBO
Any day without dock lines is a GOOD day!


 
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