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Old 10-08-2012
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Re: Buying A Boat, Need Some Help

Typically the cost of the survey is on you.. it's your insurance payment on not making a bad buy. On used boats early every survey will reveal an issue or two that will aid in reducing the negotiated sale price by at least that amount.

And even if it doesn't, better to be out $500-1000 than to have paid $10K or more and have ended up buying someone else's problem(s).

If you're spending serious money then you have to look at the costs of even several surveys as 'part of the process' and the associated costs of making such a major purchase - again, so the purchase is made with as much info as you can get, which always helps in making a good decision.

All of which, of course, presumes a quality survey from a truly good surveyor...
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