Senior Smart Aleck
Join Date: Aug 2009
Location: Richmond, Virginia
Thanked 70 Times in 65 Posts
Rep Power: 7
Re: No Sea Trial
Actually, my transaction was quite simple. Submitted written list of questions and proposed contract to seller. Seller answered questions in writing and approved proposed contract. Inspection by me and sail with owner. Signed contract with deposit on the spot. Survey by marine surveyor. Re-negotiate contract for unseen deficiency revealed by survey. Closing with cash, no problems. Sail away to new marina. Seller buys bigger boat he wants. Everyone is happy.
The seller was a reasonable man, also a lawyer. We were both familiar with using contracts and negotiating. We both recognized motivation on the other's part and appreciated having someone who knew what he was doing and who also wanted to complete the deal. We both got what we wanted out of the transaction. Win-win situation with no demanding and/or deceptive broker (pretending to be an expert) in the middle.
Last edited by jameswilson29; 01-14-2013 at 10:12 AM.