Made an offer on a 1970's Cat 30 - SailNet Community

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  #1  
Old 05-27-2008
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Made an offer on a 1970's Cat 30

Hi all. I have looked at about 6 used Catalina 30s in the Los Angeles area. Most in my price range ($10-$20000), are in need of TLC, and some need much more. I made an offer on one that is in pretty good shape, good sails and canvas, and fairly passable bright work. It will probably need some new running rigging. I am waiting to hear from the owner (probably left town for the weekend). Since there seem to be plenty of used Cat 30s of this age, I low-balled the asking price quite a bit. Hopefully, the owner will counter somewhere close to my price. Naturally, the deal hinges on a successful survey and sea trial. Which comes first, the trial or the survey?
I will post again as things progress. Any advice form you who have done this before?

Thanks, Montenido
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Old 05-27-2008
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Survey usually comes first... if it fails survey, why bother with sea trial.
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Old 05-27-2008
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So, your biggest ticket item on this is probably the engine.

Which engine does it have?

David
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Old 05-27-2008
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Note that they had problems in the early Cat30's with wood glassed in at the keel bolts creating the original "Catalina smile" and this was not corrected till the mid 80's. Make sure your surveyor knows to check this and see if it has been replaced and repaired by a previous owner.
Good boats...good luck!
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Old 05-28-2008
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Just my opinion from my experience. i say do the Sea trial first. if the boat doesnt perform to your satisfaction, why waste money on a survey. although it's usually the other way around, i like being different
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Old 05-28-2008
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Quote:
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Just my opinion from my experience. i say do the Sea trial first. if the boat doesnt perform to your satisfaction, why waste money on a survey. although it's usually the other way around, i like being different
A sea trial performed in support of Purchase and Sale is to confirm that equipment not subject to survey, operates satisfactory. It is not a try-it-out to see if you like the boat test. If all the equipment works, you may need a sea lawyer to get out of the purchase if you want to because you don't like the performance of the boat.

You should make your decison on a model of boat before making your offer - if yuou need a trial sail, you can take a pass at asking a seller for a demo sail, he may be agreeable or not, i guess depending on the market and his circumstances.
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Old 05-28-2008
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I always have the sea trial first - if my previous inspection was ok to my liking, then schedule sea trail with follow-on survey all in the same day. If sea trials not to liking, you are only out the surveyors time which will be less than the full survey and most often they will point out things you should know or be aware of during the sea trial. No point in doing a survey (if surveyor is not onboard for) or continuing the survey (if onboard for the sea trial) if the boat doesn't meet buyers expectations underway. Hence why one should never put down a "deposit" or "ernest money" prior to such (either survey or sea trial). As it allows the buyer to walk away with no expectations...
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If the boat is in the water, ask to go for a sail before you even submit an offer. Many owners are happy to have guests onboard, especially if it may bring an offer.
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Quote:
Originally Posted by sailingfool View Post
A sea trial performed in support of Purchase and Sale is to confirm that equipment not subject to survey, operates satisfactory. It is not a try-it-out to see if you like the boat test. If all the equipment works, you may need a sea lawyer to get out of the purchase if you want to because you don't like the performance of the boat.

You should make your decison on a model of boat before making your offer - if yuou need a trial sail, you can take a pass at asking a seller for a demo sail, he may be agreeable or not, i guess depending on the market and his circumstances.

I get what your saying about the sea trial not being a "test drive" but in fact there is nothing in the standard Yacht Purcase and Sale agreement that would preclude a buyer from rejecting a yacht based on the sea trail or survey. Both must be to the buyers satisfation, and unless the seller specified which order they were to be done in, I think a buyer could in fact do a "test drive" before doing the survey if he so wished.

I do know the terms of the standard agreement allow you to reject the yacht for any reason or no reason. You can back out because you decide you don't like the color of the cove stripe and they would be obligated to return your deposit/earnest money.

A buyer holds all the cards until he accepts the yacht. Prior to that you can back out any time you like prior to stating you acceptance which must be in writing.
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I'm in the process of purchasing a sailboat in San Pedro and we made an offer, after reviewing the boat, the offer was accepted, the Broker required us to deposit 10 percent of the agreed on price, in an escrow account. We then scheduled the Sea Trial, which was good, and now I have the Survey Scheduled for this week.

Hopefully, the survey will not find anything major, I found a few minor things during the sea trial and inspection of the boat.


Pat
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