ranger58sb
Guru
- Joined
- Aug 21, 2013
- Messages
- 7,311
- Location
- Annapolis
- Vessel Name
- Ranger
- Vessel Make
- 58' Sedan Bridge
I don't find this to be completely accurate. Most insurance companies and banks require a copy of a recent survey. I get a survey to make sure there isn't a significant issue I want to be aware.
It's not all about attempting to negotiate a better price. Then again the asking and offer price are based on the assumption that all things are in working condition, and wear is commensurate with age. Once something is found to not be the case, why should the asking and offer price remain the same??
Yep. For example, expecting original 15-year-old (for whatever) air conditioners work at survey is one thing -- if the boat is presented as having working ACs -- but then again it would be also reasonable to assume they'll need replacing in the not-too-distant.
I don't agree at all with your premise. I require surveys on new boats. I would on a used boat, not to further negotiate price, but to insure everything is as represented by the seller. Most buyers are not going to invest in a haul and boat and mechanical surveys if they aren't serious. Most are not going to let something small break the deal. However, if the hull has water accumulation or the engine won't reach rated RPM then it's a serious matter.
Most who make offers really want it to work out and want the boat.
Agree. Much of the process is on the buyer -- to estimate cost (and timeline urgency) of expected repairs which are already factored into the agreed price. Example: those ACs again. Not working at survey, price adjustment. Working but old, already factored in.
Completely agree. I don't see listings with all the problems delineated. Usually 30 pictures of the salon and galley and 1 of the ER. If the generator doesn't start the offer should be contingent upon seller fixing the generator or discounting the price so the buyer can repair it.
Another good example.
What IF the seller has already priced it lower taking this into account. Should a buyer recognize that. Should a seller ask market price and then negotiate?
If a listing specifically states generator does not operate then I would assume seller has factored that into price. Burden now shifts to Buyer to estimate repairs and stay within the price range of similar boats and condition.
I don't see many listing that cover the problems.
I think the listing for our boat would have been another 4 pages long if the seller had voluntarily disclosed everything that didn't work, was broken, etc.
-Chris