Thread: Surveys
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Wilbur Hubbard[_2_] Wilbur Hubbard[_2_] is offline
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First recorded activity by BoatBanter: Aug 2007
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"Janet O'Leary" wrote in message
...

"Wilbur Hubbard" wrote in message
anews.com...

"Janet O'Leary" wrote in message
...
trimmed some
When making an offer subject to survey,, is it proper or common to have
the
seller and the buyer share the cost of the survey? As I've posted, I'm
looking at
a couple of sailboats, and since I am on a budget, I'd hate to spend
$400 dollars
and have the surveyor tell me the boat is junk. As I read these
postings, I got to
wondering if the buyer should ask the seller to share the cost of the
survey. This
way, if the seller knows there is a hidden defect, he/she will not only
lose the sale,
but also lose some money. Wouldn't this be a way for the buyer to test
the
seller, especially if the seller is telling the buyer that the boat is
in excellent
condition.



Now, I think I understand why your husband wishes to remain inebriated.
You're one of those socialists!

What you say above is only to say "somebody else" needs to share the
responsibility and cost of your personal decisions. Somebody else needs
to decide for you whether or not it is wise to purchase a product.
Somebody else should help you pay. Somebody else needs to carry YOUR
burden. From each according to his ability to each according to her
needs. Karl Marx would be proud of you.

I think your hubby probably escaped into an alcoholic haze primarily
because he no longer wishes to carry your burden. Atlas Shrugged!

Grow up, girl.

Wilbur Hubbard


Hubbard ,, are you familiar with short selling? Stock market short
selling?
The reason that short selling is important to the market is because the
"true" price of a stock is revealed when someone is betting that the stock
price will go down.

Now,, apply this to a boat transaction. The seller is telling the
prospective
buyer that the boat is in perfect condition. All the while, the seller
knows that
there is a flaw, a serious flaw, with the boat. The seller is hoping that
the buyer
will not find the flaw. By asking the seller to shoulder half of the
survey
expense, the seller is forced to reveal the flaw before the survey .. and
this helps reach the "true" price of the boat.

That is: the boat less the repair, etc for the flaw.. etc.

This seems reasonable to me ..



You are very naive, then. Most smart sellers of a used product will state on
the Bill of Sale something such as "as is, where is." A seller would be
stupid to sell a used boat without such a disclaimer as he is in no position
to offer any kind of a valid warranty or to haggle over it in court. In many
states a seller is required by law to reveal any known safety defects in a
product he is selling. As usual, however, the general rule is buyer beware
as a seller can always claim and it's impossible to prove otherwise that he
didn't know anything about any and all defects.

In other words it is entirely up to you and yours to determine if your used
product is a decent buy.

Wilbur Hubbard