SailNet Community - View Single Post - Seller agreed to offer, but set a clause,"no discounts after survey"
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Old 09-26-2012
IslanderGuy IslanderGuy is offline
S/V Lilo, Islander 32
 
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Re: Seller agreed to offer, but set a clause,"no discounts after survey"

I think it's a fine clause, and doesn't really change the facts of the deal.

Without the clause, he has no obligation to change the price based on the survey, you can ask for a discount, but he can still say no. He's just letting you know up front he doesn't want to haggle.

I sometimes think people take the whole haggle after a survey thing to far very often. For instance, if the price is already set to reflect an issue, you can't expect the price to be reduced after the survey confirms the issue. Surveys help you look for major things that might not be known or disclosed. If there's something major on the survey that wasn't known before, the buyer decides if its a deal breaker, and the owner has the option (not obligation) to change his asking price if he feels it's warranted.

For instance, when we bought our boat, the previous owner had it for 27 years, and had not replaced the rigging. He told us that, we knew it needed to be replaced ASAP before we had a survey done, and we knew the price reflected that. We couldn't very well ask for a discount for the rig when the price was more then fair with a bad rig...

Bottom line, don't sweat it. If there's nothing new on the survey, and the price still seems fair given the condition of the boat, buy it. If the survey turns up a few things that are major, and now the price no longer seems fair, walk away. If they owner then sees that his price isn't fair, given the major issues discovered he didn't know about, perhaps he'll change his mind and lower the asking price after all to reflect the new information.
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S/V Lilo
1964 Islander 32
Saint Helens, OR
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