What sources establish a boat's market value in Oregon?
The J.D. Power (NADA) Marine guide, the ABOS Marine Blue Book, and BoatWizard's SoldBoats database of closed sales, cross-checked against recent transactions for comparable make, model, year, condition, equipment, and engine hours. Because the guides use different methods and can diverge, we never rely on just one.
Why do appraisers prefer comparable sales over replacement cost for production boats?
Because an open-market value that can withstand challenge is grounded in what similar vessels actually sold for. Replacement cost, owner sentiment, and untested asking prices are the classic sources of inflated numbers; the cost approach is reserved for unusual or heavily modified craft where comparables are thin.
When is a boat valued in an Oregon divorce?
Usually close to the date of trial or settlement. Oregon divides marital property by equitable distribution, not community property, and judges have discretion to pick an earlier or later valuation date when fairness requires, so we confirm the required date before completing a divorce boat appraisal.
How is a boat valued once it is no longer seaworthy?
Through a salvage or residual analysis: the sum of its salvageable components minus disposal or scrapping costs. Appraisers shift to that premise when restoration would be economically unjustifiable and market comparables for functioning vessels no longer apply, and the report states the changed premise explicitly so the number is not mistaken for a market value.