So, the Survey of the Catalina just got finished. And I need some helpful advice from you experienced boat buyers
Here's the boat again for those who haven't been following my first time boat buying experience: http://www.yachtworld.com/core/listi...g_id=1984&url=
As most of you said, the boat's in great shape on the outside. And on the inside.
However, there are quite a few things which need to be changed in order to be compliable with the law or to even get insurance.
1. Propane heater has to be taken out. Too dangerous and wouldnt get insurance.
2. New running lights(the old ones are out of date, do not meet international standards, would not get insurance coverage for the boat with just those ones)
3. electric LPG switch for propane stove has to be implemented, right now it's just a screw off/on for the propane tank that controls the whole propane deal
4. Propane hose from the tank to the stove has to be replaced with an adequate hose(the type that won't catch fire), the current one isn't meant for propane.
5. Batteries don't have socks to cover the terminals. And they are just automotive batteries, not marine batteries, they are also not tied down properly. They also do not have acid proof containers, which I would have to install.
6. Needs new fire-extinguishers
7. Needs a flare kit
8. Needs to VHF radio. Current one works but really old and has a car speaker wired to it to be able to work(the previous owner was a bit of a "do it myself handi- man)
So that's it.
Now, the surveyor's main comments were "You're paying way too much for this boat" After he checked the market data, he came up with a fair market value of $7,800 for the boat. My intial offer was $12,000
The boat over all is in "average" condition. Which is to be expected of a boat that has been sitting at the dock for 3 years.
The gelcoat on the hull also needs a bit of TLC. There is a pee like yellowy tint on it, which I was told was caused by just sitting in the salt water for so long and comes out with some products, or even vinager.
1. Do you guys think those things that need fixing will take a lot of work / money? If so, how much?
2. I still like the boat, but I do not want to pay $12K for it if that is indeed the value of the boat and considering I will need to spend quite a bit of time to get her into my standards. I'm thinking to put a lower post survey offer in now, how much do you think would be good? I'm thinking $8,500, is that even too high?
Any other comments appreciated