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Old 05-31-2007
Wendy Wendy is offline
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Quote:
Originally Posted by FritzN
Several of you have mentioned required repairs, installations and purchases. Who pays for these? Is it an accepted practice that the seller reduces the price to compensate you for these deficiencies? If yes, how minor can these be? If no, what is typical?

I'm in the process of buying a used boat, and have never been on the buyer's side of a survey.
As Cam mentioned, everything is negotiable. That said, in my case I agreed to deal with all of the odds and ends at my expense. They weren't material in the big scheme of things- had they been major I would have either walked away or negotiated a price reduction. At some point soon after the survey, the broker will give you an "Acceptance of Yacht" form to sign if everything is to your satisfaction.

Wendy
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