[Harryeod]

Originally Posted by JHJensen

Harry, Ask the LO about his experience with boats. Also if it is not listed on the survey, ask your surveyor how he arrived at the value he put on the survey. Some surveyors list the sources they used plus any problems encountered in finding a value as well. Also be advised that putting a value on custom boats can be hard at times, because one has to research for similar vessels and they may few and far between.

I don't know about the what the bank can and can't do, but as I said, use your surveyors expertise in arriving at the value. If you have multiple sources for the value, it may help. You alslo may have to provide addtional details about he quality of the work that was done.

You also might see what you insurance company says about the value of the vessel as well and how they approach these issues.

Best of luck.

John

Thanks John, I'll use that approach.