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First recorded activity by BoatBanter: Jul 2006
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Default To sea trial/haul or not -update


"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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