ASA and PSIA Instructor
Join Date: Apr 2000
Thanked 34 Times in 34 Posts
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Don't do the survey.
That agreement if standard and not marked-up, does not require that you actually have the survey done (it says "may" survey) nor to state a reason for which you reject the boat. I would not tell the broker/seller you found something else. Just follow the contract provision for rejection, in the time period permitted, but asap; Send the broker a letter by registered mail stating that you feel the boat is not what you thought and that you reject the yacht under the terms of the agreement.
Case closed. you will get the deposit back, less any costs you have made the seller or broker incur in support of your purchase.
If you ever want to do business with the broker again you should call him/her asap, apologize and tell them there's nothing wrong with the boat, then an understandable excuse, such as your SO doesn't like the color.
Certified...in several regards...
Last edited by sailingfool; 04-25-2008 at 02:07 PM.