You finally find the boat you want to buy. Then comes the big question: how much to offer for it?

Ask any five people and you'll get five different "rules of thumb."

Carolyn Shearlock has bought numerous boats over the years -- small and large -- and doesn't think there is a universal answer, though: listen in to she approaches the question.

Sponsor: Shambala Sailing Adventures, offering customized learning charters in Exumas, Bahamas. Sail her like you own her with coaching from Captain Suky Cannon. Contact her at [email protected]; mention this podcast for 10% off.

Music: "Slow Down" by Yvette Craig