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Old 03-04-2013
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Re: Blisters on survey - Morgan 38

Quote:
Originally Posted by datswite View Post
I'm considering the purchase of a 1981 Morgan 38. The survey was today. Overall, the boat is in above average condition with the following exceptions - and some blisters.

1. Bent blade on engine prop
2. Needs cutlass bearing
3. Needs prop shaft
4. Leaky seals on Perkins 4-108 (1440 hours)
4. BLISTERS

Here is my question. Should I walk away for blisters? Or, should I negotiate? The largest visible blister was no larger than a quarter and there were many (probably 50-75 - only on the starboard side).
I took the liberty to hi-lite. You did say above average, sorry.

http://www.nadaguides.com/Boats/1981...0123762/Values

Either way, I knew my words would sting. Take them at their worth to you.

I recently had two boats surveyed, identical model racer/cruisers, 1988. Both started at just under 40K.

Boat A made an offer of 30K before survey, upped it to 32K, pre survery, both offers rejected.

Boat B made an offer of 32K pre survey. Post survey boat was offer of 22K, rejected.

Returned to boat A months later and paid for a survey. offer of 27K was accepted immediately.

Boat B one year later is listed at 26K

Lesson here is what people are asking is seldom related to the boats actual worth.
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Last edited by RobGallagher; 03-04-2013 at 11:14 AM.
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