Originally Posted by denverd0n
Then you should have included an adjustment for that in the initial offer. A survey is not a tool for negotiating things that you already knew about BEFORE the survey was done. It is a tool for finding out if there is anything significant that you missed, and then possibly re-negotiating based on that.
I have to agree that looking for the seller to commit to a re-negotiation after the survey is a mistake. As a seller, I certainly wouldn't. I would have told you, "I'm not hiding anything, so I don't believe the survey is going to reveal anything to negotiate about."
Now, if that turns out not to be true, then the game changes. But you really can't expect the seller to agree ahead of time to a post-survey reduction in the price.
From my understanding of what the OP has said, the issue wasn't even that the seller was unwilling to adjust the price based on the survey findings, it was that a) the seller thought that a survey was unnecessary for a boat of that price, b) the seller claimed that he knew the boat well enough, and c) the survey was just someone's opinion. Any one of those three is enough to raise a red flag, all three suggest (to me at least) that the seller knows the boat isn't worth what he's asking.
And on top of that, expecting the buyer to pay the broker's fee is ridiculous. I would want no part of this one.