Hiring a SAMS marine surveyor in Michigan or any other state is an investment. It is fair to ask “Why use a marine surveyor instead of NADA boat values?”
NADA boat values are now J.D. Power values, and they are a helpful resource for getting a ballpark value of a used boat. This can be helpful to determine if a specific model is even in your price range. There are clear advantages to choosing a marine surveyor over relying solely on NADA boat values:
Comprehensive Assessment
At Bluefin Marine Consultants, we provide a detailed inspection of the actual used boat’s condition, including structural integrity, mechanical systems, and safety equipment.
NADA values are based on general market data. As such, the valuation from this guide may not reflect the specific condition of a vessel.
Expertise
We have specialized training and experience in boat construction and maintenance. Without a doubt, our expertise allows us to identify potential issues that a standard value guide might overlook.
Customization
When we conduct a condition & valuation survey, we assess unique features or modifications that may affect a boat’s value. Conversely, NADA boat values are typically generalized and may not account for upgrades or custom work.
Negotiation Power
Using a report from a marine surveyor with 5-star ratings from both sellers and buyers provides a solid basis for negotiation during a purchase or sale. We ensure that the buyer or seller is fully informed of the vessel’s condition and value.
Insurance and Financing
Many insurers and lenders require a marine survey before providing coverage or loans. In fact, a thorough survey can help secure better terms.
Peace of Mind
Purchasers benefit from knowing the exact condition of a vessel to ensure they’re making a sound investment. Boat dealers benefit from boat appraisals to set fair, competitive price for their vessels.
In summary, while NADA boat values can be a useful reference, a marine surveyor offers a personalized, in-depth evaluation that can significantly impact the buying or selling process.
Hire a Professional.
At Bluefin Marine Consultants, we pride ourselves on providing fast, accurate and detailed condition and valuation surveys. Fill out this form and we’ll follow up promptly to review your needs, confirm costs, and schedule your survey.
