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#26
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"Tim" wrote in message ... Eisboch wrote: I know it doesn't serve a broker's interests, but it is what it is and some things cannot be forced. Eisboch (learning that buying a boat is a hell of a lot easier than selling one) Well, I know that purchasing large hull craft is much more stringent than a typical runabout, but concerning a "sea trial"? around here is, something like "show me the money then you can "sea trial" it all you can stand!" I know that wouldn't go over well with a boat like Richards, but then again, to ask someone to take their boat out in winter weather is really kind of foolish that is, in my opinion. The process for buying or selling a boat that has some value should be the same, big or small, especially when brokers are involved. It's not unlike a house sale. Initial inspection/tour, think about it, decide you like it and make an offer. The offer may be accepted or a counter offer proposed. The offer contains any contingencies ... sale of existing boat, obtaining financing, survey and sea trial, mechanic's inspection and, importantly, time period for execution and closing assuming successful accomplishment of all contingincies. When the offer is agreed to by both parties, a deposit is made, usually representing 10 percent of the sale price. (Interesting that this amount is usually the same as the broker's commission who holds the deposit in escrow). Another standard test for diesel powered boats is an oil analysis of engines, generator and transmissions. One major difference between a boat sale and a house sale is, as Chuck pointed out, it's much easier for a boat buyer to walk away from the deal based on a subjective impression of the survey or sea trial. The results of the survey/sea trial may also produce another round of price negotiations or obligation on the seller's part to address any problems. I don't think the sale of an old rowboat needs this process, nor the purchase of a specific boat that you know very well and it's history. When we bought the Navigator it was brand new. No financing was involved, so there was no requirement for a survey from a bank. We did one anyway, even though it was new, and it was well worth it as I learned more about the boat than I ever would have learned from the dealer. Eisboch |
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