I am looking to the forum for advice....
In my current search for a boat I have come across a boat that has been on the hard for the past 2+ years. The boat is a mid 1980s Pearson, and the broker/owner is asking ~70K. This is in line with the asking price for similar boats.
Other boats, however, are in the water, and surveyable/sailable. This boat has had the keel stepped mast, the dodger, and all rigging removed and stowed. I was not able to see the sails, but the mast looks OK, and there is a relatively new rollerfurler stowed on top of the boat. The owner has it parked in his driveway, and has an extension cord run to his garage to keep the batteries charged. The fuel guage reads 1/4 (full of what?), the Batteries are 4 + years old, and the electronics are ancient
(oldest Garmin GPS I've ever seen, a handheld VHF (that looks like a brick-phone), non-functional radar, and Loran). Otherwise the hull looks sound, and the interior is relatively clean. It has a Yanmar 30Hp that looks a somewhat rusty, but OK. I didn't check the Oil or the coolant when I looked at it, butI doubt that they would tell me anything about the boat... The boat has refrigeration, and an old vertical windlass, neither of which I want (I would
like a horizontal windlass). Judging by the overall condition of the boat, I would guess that everything was OK when the boat was pulled from the water and put away.
I am sure that another factor is that the owner's house has a For Sale sign in front of it, although the broker didn't seem to know anything about that....
The broker's suggestion is that any offer include an escrow for things that a surveyor can't inspect - like the engine
(which has been sitting for at least 2 years), electrics, and the holding tanks. It's nice to know that he's looking out for me.
I might as well put an escrow reserve on the hull.
Part of me wants to make an offer on the boat (for like 1/2 the asking price) and tell them to forget the survey / escrow. Another part of me says to run away and keep shoppin'.