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How Long ???
Oh come on! Apply some of that not at all common common sense.
Cost to tighten fitting? - $0.00 Adjustment to sale prince? - $0.00 Buying the boat you want? - Priceless. I'm talking about where the surveyor discovers something like a pinhole leak in the gas tank fiberglassed into the bilge. No way you'll get insurance after that has been identified without committing a bit of fraud. If the owner had discovered it and wanted to keep the boat, he would be out the cost of fixing it. Now that you and he have agreed on a price and both of you assume that the tank was sound, he's out the same amount but you're the one who has to deal with getting it fixed. -- Roger Long "Dave" wrote in message ... On Wed, 08 Mar 2006 18:17:59 GMT, "Roger Long" said: A good test for whether something turned up on the survey should effect the price is whether the boat can be insured and used safely after the sale. That sounds good at first blush. But I don't think so. Example: the surveyor points out that a fitting on the boat's gasoline engine is leaking. The required repair is to get out a wrench and tighten the fitting. Insurer prolly won't insure with that problem uncorrected. Not safe to use it with that problem uncorrected. But if I'm the seller, and the buyer asks for an adjustment I say "You want out of the contract, here's your deposit. I'll tighten the fitting and sell the boat to somebody else." |
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