MMC wrote:
I'd like to add that you should get a survey before leaving a deposit, even
though you may be pushed by a broker to "move fast". We found a boat we
really liked and fell for the "got 2 other people interested" bull**** from
the broker and left our 10%. Live and learn.
(A great thing about surveyors is that they give you the news, good or bad,
whereas we might overlook too many "little things" because we are already
(in our minds) sailing the deep blue on our beautiful boat!)
After many problems were identified by the surveyor, we pulled our offer the
day before the deadline. The broker informed us he was holding our deposit
as the seller was considering legal actions, even though our retraction of
our offer had been in compliance with the contract.
I visited the broker in his office with his boss present and explained that
my next stop was to my lawyer's office and the broker's boss would be
sitting in the defendants seat WHEN we went to court.
The boss stumbled all over hisself returning my deposit.
Not all brokers are honest, some just seem to be stupid.
MMC


Maybe that broker has a hard time selling boats and was desperate for
some kind of commission. This is a case where you can say 'thank God
for lawyers!