Join Date: Feb 2014
Location: Fredericksburg, VA
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Re: Should I be scared??? What would you do???
FWIW, I bought a boat out of season, "contingent on survey and sea trial" standard verbiage. But the way it worked for me, and this was validated by my contract as well as by other, unrelated folks I spoke with, was that you accept the deal if you're happy with the survey, you pay for the boat, but some percentage (usually the same percentage as your initial deposit) is held in escrow pending sea trial in case other issues come up. By that point you'll have a good idea, hopefully. It's a risk, and not for everyone, especially if something like the above-mentioned bulkhead issue doesn't show up until sea trial, but something worth considering if a boat you're really interested in is available at a good price out of season. A good surveyor is likely to notice hints of potential hidden issues before launch. The caveat, of course, is that once you accept the boat, I would imagine your recourse is limited to the amount in escrow, and you'd probably have to fight pretty hard to get that. The risk of buying out of season, right?