Here .. Pull this
Join Date: Jan 2007
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Hoffa - we are going through this process right now - first time using a broker. The broker had a listing spec that noted everything that was included with the boat, and we are buying the boat on the condition that all equipment on this list is in good working order. We asked that it be attached to and form part of the offer. We also found that the brokers here hold back ten percent of the sale price until after the completion of a successful sea trial. Perhaps your broker could do the same (if it is not already standard practice with them).
This is in addition to the survey of course.
Another thing, up here in Ontario there are a lot of boats on the market that have been brought up from the US. Out of twelve boats that we looked at, we know that at least two of them had been through Hurricane Katrina. In one case, that fact was the first thing the broker told us, in the second case, the broker was not as forthcoming.
Based on that, when we settled on a boat to buy, we asked for written confirmation that the boat had not had any hull damage and was not a salvage vessel.
It is a good idea to ask around about the broker that you are dealing with. Some of them are a bit more on the up-and-up than others. Also would suggest you be more careful with a boat that has been taken as a trade-in (where the broker is the owner of the boat rather than the agent of the owner), especially one as popular as a CS. The boats have a certain market value, and if the broker is selling a trade-in within that range, it is likely that the trade-in allowance given to the original owner was lower than market value. While it is possible that the owner was willing to dump the boat in order to get something else, most boatowners have a pretty good idea of what their boat is worth, and will try to realise that amount from the sale, hence if they let it go for twenty five percent under market, it is likely to have problems.
Last edited by Sailormann; 02-22-2007 at 12:22 AM.