SailNet Community - View Single Post - Problems while buying a boat - need advice please
View Single Post
  #8 (permalink)  
Old 09-27-2004
mikehoyt's Avatar
mikehoyt mikehoyt is offline
Senior Member
 
Join Date: Nov 2000
Posts: 637
Rep Power: 12
mikehoyt is on a distinguished road
Problems while buying a boat - need advice please

Garrett

Did you actually buy the boat before this happened or just place a deposit?

If you signed stuff and bought it I would think that it is your problem and not the previous owners. If on the other hand you had just announced your intention to buy it then it is his problem and not yours. You should also check out whether deposits are actually refundable. It is my understanding that a deposit in the amount of 10% is made with an offer. If the buyer backs out of the sale the deposit is often forfeit.

Thoughts to ponder ...

Mike

Reply With Quote Share with Facebook