Join Date: Jun 2008
Location: Fort Lauderdale
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Re: What Is A Boat Really Worth?
If a buyer asks to see all surveys done in the past three years, is the broker or seller entitled to lie and say that none were done? Is he entitled to cherry pick the ones he shows?
That is a common question.
Remember that the survey does not belong to the seller or the broker even if they have a copy of it. It belongs to the person who paid for it. Most likely that person would want to sell it at a discount to recover some of his expense. Beware of giving it away without permission.
Surveys are not absolute and often the report is a combination of fact, opinion, bias and CYA.
“The boat is 40 years old and all systems are subject to failure at any time. All systems should be constantly monitored at all times. The boat may be suitable for its intended purpose if the above is adhered to”. Pay me please.
A question for the lawyers; Survey reveals some bottom blisters that are classified as cosmetic but the buyer walks. Seller orders the broker not to disclose them to future prospects. What can a sellers agent legally disclose?