Just another Moderator
Join Date: Sep 2005
Location: New Westminster, BC
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Here's a new one for you.....
A friend of mine is shopping for a boat again, and with the $CDN doing its magic these days those deals in the US are looking better than ever.
But he came to me today with something I'd never heard before....
The boat is a Catalina 36 in CA quite undervalued... pics look good but the listing is accompanied by a bold faced "AS IS" disclaimer.
So... lowball asking price, big "AS IS"... alarm bells ringing of course, but WTH give it a try and see what's what. He faxes an offer to the broker, and hears back that the seller will not entertain any offers that are subject to survey (alarms turn to sirens!)
So he's looking elsewhere - the only info he got wrt this boat is that the mast step had failed... but who knows what else may lurk there.
But I've never heard of a seller refusing to have a boat surveyed... talk about market suicide!!