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Old 04-15-2010
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No, typically, any defects found in the survey, if serious, are used to adjust the price. Either the seller adjusts the price, or pays to have the work done, or the deal falls through.

As DavidPM notes, the best and most palatable option for both parties is usually a price adjustment. The seller doesn't usually cover the full price of the repair, and the buyer gets to have the repair done to their satisfaction after taking ownership of the boat.

Quote:
Originally Posted by smbragg View Post
Sailingdog, Appreciate this post and it is very timely. After 20 years of racing small boats, ready to purchase first cruiser. Will re-inspect the vessel again tomorrow and will carry this equipment. Am lucky--boat well maintained and meticulous maintenacne/repair records.

Question--offer is made contingent on succesful survey. Is it customary that seller is responsible for all improvements identified in survey?
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Telstar 28
New England

You know what the first rule of sailing is? ...Love. You can learn all the math in the 'verse, but you take
a boat to the sea you don't love, she'll shake you off just as sure as the turning of the worlds. Love keeps
her going when she oughta fall down, tells you she's hurting 'fore she keens. Makes her a home.

—Cpt. Mal Reynolds, Serenity (edited)

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Last edited by sailingdog; 04-15-2010 at 09:50 AM.
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