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Author Topic:   1973 19ft Outrage apprasal help

pandrewt posted 06-26-2008 09:18 AM ET (US)
Hi, I'm looking for help appraising a 19ft 1973 Outrage. The stenciled number is 00077. The boat has a 2001 galvanized shorelander trailer and a 1984 Evinrude 150hp. The motor just had some work done, including new power packs and a fuel pump. The boat also has some extras like a new bimini, bow cover, boat cover, sonar/gps and CD player.
Overall this boat is in good condition but not great. It has some gel coat cracks that are consistent with its age. The bow rails are in good shape. The hull shape is just like the old 19ft on Catacea.
http://continuouswave.com/whaler/cetacea/cetaceaPage18.html
I'm putting the value of the whole package at $6200. Any thoughts?
HAPPYJIM posted 06-26-2008 09:33 AM ET (US)
Hard to tell without pictures. Do some reading here and let us know the results.
http://continuouswave.com/whaler/reference/buying.html
dino54904 posted 06-26-2008 09:34 AM ET (US)
Hi,
I have a similar vintage 19' Outrage that I bought as a basket case two years ago and have totally rebuilt since. I would not take $12,000 for it now. I think your $6,200 is more than fair given that the boat and engine is usable and the trailer is so new. Problem is with the older Whalers is that you have to find the "right" person as a buyer. If you find someone (like me) that has a passion and desire for the classics the $6,200 is a steal. If a guy just looks at it as an old boat he'll think you're out of your mind. BoatTrader is a good spot to advertise it as well as this site.
pandrewt posted 06-26-2008 10:14 AM ET (US)
Thank you all for the ideas. The hull is in good condition with no delamination or water retention. The gel coat cracks do not appear around the transom. This particular boat does not have a lot of wood but what is there is in fair condition. I'm not sure how to estimate the impact of location. The boat is docked in Washington, DC where you don't see a lot of Whalers, but its also reasonably close to Baltimore, Annapolis and Tidewater VA.
I should have clarified on my earlier post. I actually own the boat already. I paid $5k for the package and spent $850 on motor repairs. A boat surveyor gave me the following appraisal.
boat $4350
trailer $1200
motor $400
Total = $5950
sraab928 posted 06-26-2008 10:14 AM ET (US)
Are you buying or selling this boat? I have Stencil #109 19 Outrage that I just started restoring.
How is the condition of the gelcoat? Are there cracks and crazing? Has the gas tank been replaced? Through hulls replaced? Any idea of water intrusion in the foam?
All these things will affect value -
sraab928 posted 06-26-2008 10:16 AM ET (US)
Wow we posted at the same exact time...lol
Ok so you own it - Are you going to sell it? Did the surveyor actually survey the boat?
pandrewt posted 06-26-2008 10:54 AM ET (US)
The numbers above there the results from an actual survey. The surveyor used a sounding hammer and concluded that the hull was in great condition with no delamination and with little to no water intrusion. There is some gel coat cracking in isolated place but I wouldn't call it crazing.
I think that the surveyor's valuation is fair, but I suspect I could get more with the right audience, as mentioned above. The boat is for sale (although not advertised), much like my car, my sofa and the shirt I'm currently wearing.
I'm really just curious about valuation because I haven't seen many of the early 70s 19ft Outrages advertised for sale.
Tohsgib posted 06-26-2008 11:25 AM ET (US)
$6k it better be real nice with a 1984 engine. In fair to average shape I will guess about $4500. I bought my 76 with a 1991 175 and a brand new $2300 trailer for $5k and I did not rob it, was fair and about the going rate.
pandrewt posted 06-26-2008 12:07 PM ET (US)
Tohsgib, so you put your boat package valuation at (my guess)
trailer $2000
motor $800
BW hull $2200
That does seem a little low. What would you sell it for?
HAPPYJIM posted 06-26-2008 12:14 PM ET (US)
It's natural for one to think that their Boston Whaler is worth more than it actually is. You admit that you have $5850 invested in the boat. Put it up for sale at $6200 and see what happens. If it doesn't move quickly, reduce the price a little until it does sell.
Tohsgib posted 06-26-2008 01:30 PM ET (US)
Actually you are pretty close but maybe 1200-1500 for a 2001 trailer, $800-1000 for a clean 24 year old 150 w/controls and the hull is the rest depending on condition. Now packages that run and drive are worth more than their parts(usually). Remember a person can buy a nice mid 80's package for $6-7k which is a lot more enticing than a 73 hull and rides better. You need to find somebody who wants a banana hull which fortunately for us that audience is growing. Not saying it won't fetch $6500 but like I initially said...it better be nice.
Tohsgib posted 06-26-2008 01:40 PM ET (US)
Sorry misread your post. I would agree with your Surveyor for the most part, maybe a little more for the engine and less for the hull.
I have fully restored my 19(Revenge by the way) with $3k worth of canvas, new 115 Suzuki 4 stroke, jackplate, gauges, etc. New seats, mahogany doors, keelguard, etc. I would say she is worth maybe $12k but I have MUCH more than that it in...she is not for sale though.
In other words if you bought this boat to flip and make money...don't think it will happen.
pandrewt posted 06-26-2008 02:04 PM ET (US)
I didn't mean to sounds like I am looking for a quick buck. As I mentioned before, I was just hoping to find out what it was worth, mainly because I don't see a lot of other early 70s 19ft Outrages on the market. It sounds like my $5k purchase price was fair.
wayne baker posted 06-26-2008 09:03 PM ET (US)
sounds to me like you are doing a lot of fishing with your new boat(for complements). I know it would be nice to hear that your new to you boat is worth twice what you paid for her. fact is you got a good boat at a fair price.
Tohsgib posted 06-26-2008 11:16 PM ET (US)
Yup...and it sounds like your mechanic screwed you!

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Author	Topic: 1973 19ft Outrage apprasal help
pandrewt	posted 06-26-2008 09:18 AM ET (US) Hi, I'm looking for help appraising a 19ft 1973 Outrage. The stenciled number is 00077. The boat has a 2001 galvanized shorelander trailer and a 1984 Evinrude 150hp. The motor just had some work done, including new power packs and a fuel pump. The boat also has some extras like a new bimini, bow cover, boat cover, sonar/gps and CD player. Overall this boat is in good condition but not great. It has some gel coat cracks that are consistent with its age. The bow rails are in good shape. The hull shape is just like the old 19ft on Catacea. http://continuouswave.com/whaler/cetacea/cetaceaPage18.html I'm putting the value of the whole package at $6200. Any thoughts?
HAPPYJIM	posted 06-26-2008 09:33 AM ET (US) Hard to tell without pictures. Do some reading here and let us know the results. http://continuouswave.com/whaler/reference/buying.html
dino54904	posted 06-26-2008 09:34 AM ET (US) Hi, I have a similar vintage 19' Outrage that I bought as a basket case two years ago and have totally rebuilt since. I would not take $12,000 for it now. I think your $6,200 is more than fair given that the boat and engine is usable and the trailer is so new. Problem is with the older Whalers is that you have to find the "right" person as a buyer. If you find someone (like me) that has a passion and desire for the classics the $6,200 is a steal. If a guy just looks at it as an old boat he'll think you're out of your mind. BoatTrader is a good spot to advertise it as well as this site.
pandrewt	posted 06-26-2008 10:14 AM ET (US) Thank you all for the ideas. The hull is in good condition with no delamination or water retention. The gel coat cracks do not appear around the transom. This particular boat does not have a lot of wood but what is there is in fair condition. I'm not sure how to estimate the impact of location. The boat is docked in Washington, DC where you don't see a lot of Whalers, but its also reasonably close to Baltimore, Annapolis and Tidewater VA. I should have clarified on my earlier post. I actually own the boat already. I paid $5k for the package and spent $850 on motor repairs. A boat surveyor gave me the following appraisal. boat $4350 trailer $1200 motor $400 Total = $5950
sraab928	posted 06-26-2008 10:14 AM ET (US) Are you buying or selling this boat? I have Stencil #109 19 Outrage that I just started restoring. How is the condition of the gelcoat? Are there cracks and crazing? Has the gas tank been replaced? Through hulls replaced? Any idea of water intrusion in the foam? All these things will affect value -
sraab928	posted 06-26-2008 10:16 AM ET (US) Wow we posted at the same exact time...lol Ok so you own it - Are you going to sell it? Did the surveyor actually survey the boat?
pandrewt	posted 06-26-2008 10:54 AM ET (US) The numbers above there the results from an actual survey. The surveyor used a sounding hammer and concluded that the hull was in great condition with no delamination and with little to no water intrusion. There is some gel coat cracking in isolated place but I wouldn't call it crazing. I think that the surveyor's valuation is fair, but I suspect I could get more with the right audience, as mentioned above. The boat is for sale (although not advertised), much like my car, my sofa and the shirt I'm currently wearing. I'm really just curious about valuation because I haven't seen many of the early 70s 19ft Outrages advertised for sale.
Tohsgib	posted 06-26-2008 11:25 AM ET (US) $6k it better be real nice with a 1984 engine. In fair to average shape I will guess about $4500. I bought my 76 with a 1991 175 and a brand new $2300 trailer for $5k and I did not rob it, was fair and about the going rate.
pandrewt	posted 06-26-2008 12:07 PM ET (US) Tohsgib, so you put your boat package valuation at (my guess) trailer $2000 motor $800 BW hull $2200 That does seem a little low. What would you sell it for?
HAPPYJIM	posted 06-26-2008 12:14 PM ET (US) It's natural for one to think that their Boston Whaler is worth more than it actually is. You admit that you have $5850 invested in the boat. Put it up for sale at $6200 and see what happens. If it doesn't move quickly, reduce the price a little until it does sell.
Tohsgib	posted 06-26-2008 01:30 PM ET (US) Actually you are pretty close but maybe 1200-1500 for a 2001 trailer, $800-1000 for a clean 24 year old 150 w/controls and the hull is the rest depending on condition. Now packages that run and drive are worth more than their parts(usually). Remember a person can buy a nice mid 80's package for $6-7k which is a lot more enticing than a 73 hull and rides better. You need to find somebody who wants a banana hull which fortunately for us that audience is growing. Not saying it won't fetch $6500 but like I initially said...it better be nice.
Tohsgib	posted 06-26-2008 01:40 PM ET (US) Sorry misread your post. I would agree with your Surveyor for the most part, maybe a little more for the engine and less for the hull. I have fully restored my 19(Revenge by the way) with $3k worth of canvas, new 115 Suzuki 4 stroke, jackplate, gauges, etc. New seats, mahogany doors, keelguard, etc. I would say she is worth maybe $12k but I have MUCH more than that it in...she is not for sale though. In other words if you bought this boat to flip and make money...don't think it will happen.
pandrewt	posted 06-26-2008 02:04 PM ET (US) I didn't mean to sounds like I am looking for a quick buck. As I mentioned before, I was just hoping to find out what it was worth, mainly because I don't see a lot of other early 70s 19ft Outrages on the market. It sounds like my $5k purchase price was fair.
wayne baker	posted 06-26-2008 09:03 PM ET (US) sounds to me like you are doing a lot of fishing with your new boat(for complements). I know it would be nice to hear that your new to you boat is worth twice what you paid for her. fact is you got a good boat at a fair price.
Tohsgib	posted 06-26-2008 11:16 PM ET (US) Yup...and it sounds like your mechanic screwed you!