Face it, if the contract is written to protect both the seller and the buyer earnest money is not a big loss for a few days or weeks. If you are worried about the interest on 10% of $10,000 or $500,000 with todays short term interest rates you probably don't want to know just how expensive that boat really is.
That's absolutely a good point.
Negotiating is an art and too heavy a hand will not get the result you want.
While todays economy favors the buyer if I was selling a boat and the buyer was a little too rough which depending on the circumstances might include not being willing to part with with 10% I would be tempted to do something that would send them packing like saying the mast was not included.
There are some people that due to ignorance or narcissism you do not want to sell anything to. If you sell them something for a dollar they will extract $100 dollars of aggravation out of you.
There isn't a boat for sale that isn't a money pit and I don't want to sell my boat to someone who for the next 5 years will be threating lawsuits and knocking on my door being a pest. As a seller I want a clean sale. I don't want to adopt a child.
I'm not saying that I would refuse to sell to the OP, I assume it was a legitimate question. But that attitude if expressed in just the wrong way and combined with some sharp negotiation and a "what about me attitude" and smart sellers and brokers will say "Sorry boats already sold"
I don't have a problem with the goal. To get a boat with the least commitment. What I do have a problem with is someone not even hypothetically being able to empathize with the seller. I can almost guarantee you that the person who complains the loudest as the buyer will complain even louder only with opposite logic when they are the seller.
I did buy a house for about 30,000 under market because the seller thought my son, about eight, at the time was cute and she wanted her family house to go to a family. So there are ways to get your way but a gentle hand works best.
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