Re: What Is A Boat Really Worth?
There are different ways of proving someone knew about something. Some things would have to be known by the seller or his agent, for example, a severe grounding that damaged the keel. Some things the seller may have attempted to repair and decided not to because of the cost, for example, a problem with the inboard engine that was concealed by a clean up or additive, instead of fixed. You could find information from third parties - the marina, a mechanic, posts on forums like Sailnet, where the owner sought services or advice, etc., etc.
Asking a seller to represent that his or her vessel is in "normal operating condition for a vessel of its age.." is not asking too much. These representations are basically flushing out the seller who is attempting to get rid of a problem boat by making it someone else's problem.
Last edited by jameswilson29; 07-31-2013 at 08:18 AM.