Trusting a "Recent" Survey? - SailNet Community

   Search Sailnet:

 forums  store  


Quick Menu
Forums           
Articles          
Galleries        
Boat Reviews  
Classifieds     
Search SailNet 
Boat Search (new)

Shop the
SailNet Store
Anchor Locker
Boatbuilding & Repair
Charts
Clothing
Electrical
Electronics
Engine
Hatches and Portlights
Interior And Galley
Maintenance
Marine Electronics
Navigation
Other Items
Plumbing and Pumps
Rigging
Safety
Sailing Hardware
Trailer & Watersports
Clearance Items

Advertise Here






Go Back   SailNet Community > On Board > Boat Review and Purchase Forum
 Not a Member? 


Reply
 
LinkBack Thread Tools
  #1  
Old 11-25-2008
Junior Member
 
Join Date: Oct 2008
Location: Toronto
Posts: 12
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
campbdon is on a distinguished road
Trusting a "Recent" Survey?

Hi there;
I've been reading that the cost of a survey is usually borne by the buyer, yet I sometimes see ads for used boats claiming recent survey done, and so I wonder why the seller would be in posssesion of the survey? Someone flipping the boat, or, is it common practice in order to reduce the cost of multiple surveys that the prospective buyer offers to split the cost with the seller?. A survey in the possession of a buyer who didn't purchase is pretty much a useless piece of paper, but could be helpful to the seller for the next prospective buyer (provided survey is favourable or repairs have been documented as being completed), or for renewing insurance perhaps?.
Also, if a seller has a survey, how recent should it be to be considered trustworthy by the prospective buyer- for insurance purposes and to save commisioning a new survey?

Thanks (sorry for the muddled wording)
don
Reply With Quote Share with Facebook
  #2  
Old 11-25-2008
Senior Member
 
Join Date: Aug 2007
Location: NY
Posts: 2,244
Thanks: 1
Thanked 1 Time in 1 Post
Rep Power: 8
sck5 is on a distinguished road
It all depends. Sometimes people get a survey and arent willing to fix whatever is wrong. But you might be. I just bought a boat where the guy had bought it a year before, fixed everything on the survey and then found out he needed major surgery and so had to sell the boat. I did my own survey anyway but having the old one played a part in getting me to the point where I made an offer.

And as for how recent is recent enough to just accept it, how long does it take to run aground?
Reply With Quote Share with Facebook
  #3  
Old 11-25-2008
Bene505's Avatar
Glad I found Sailnet
 
Join Date: Jul 2008
Posts: 3,588
Thanks: 5
Thanked 40 Times in 39 Posts
Rep Power: 8
Bene505 will become famous soon enough Bene505 will become famous soon enough
I'd do my own survey anyway. You need a surveyor who is working for you.
Reply With Quote Share with Facebook
  #4  
Old 11-25-2008
WouldaShoulda's Avatar
AEOLUS II
 
Join Date: Oct 2008
Location: From The Land of Pleasant Living
Posts: 2,747
Thanks: 3
Thanked 12 Times in 12 Posts
Rep Power: 6
WouldaShoulda is on a distinguished road
Many surveyors consider their work intellectual property and non-transferable.

Would I trust it??

Depends.

If it was a lot of boat or a lot of money, NO!!
Reply With Quote Share with Facebook
  #5  
Old 11-25-2008
Senior Member
 
Join Date: Aug 2006
Location: wherever
Posts: 5,262
Thanks: 8
Thanked 17 Times in 16 Posts
Rep Power: 11
xort has a spectacular aura about xort has a spectacular aura about xort has a spectacular aura about
might be an insurance survey. they are much less detailed than a purchase survey. they verify the boat isn't sinking or about to blow up and is still in the possession of the owner.
i had a survey offered to me on a boat i was looking at. the survey was about useless
insurance surveys don't usually require a haulout so there is no inspection of the hull at all
purchase survey costs about 3 or 4 times what an insurance survey would IIRC
Reply With Quote Share with Facebook
  #6  
Old 11-25-2008
CharlieCobra's Avatar
On the hard
 
Join Date: May 2006
Location: Bellingham, WA.
Posts: 3,503
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 10
CharlieCobra has a spectacular aura about CharlieCobra has a spectacular aura about
Not on an older boat, especially a woodie. Insurance companies want a complete and thorough survey prior to binding.
Reply With Quote Share with Facebook
  #7  
Old 11-25-2008
Senior Member
 
Join Date: Aug 2006
Location: wherever
Posts: 5,262
Thanks: 8
Thanked 17 Times in 16 Posts
Rep Power: 11
xort has a spectacular aura about xort has a spectacular aura about xort has a spectacular aura about
Charlie
I should have been more specific. Insurance companies often ask for this cheapo survey every 5 years...after the full pre-purchase survey initially.

wood boats are another whole kettle of fish for sure
Reply With Quote Share with Facebook
  #8  
Old 11-25-2008
camaraderie's Avatar
moderate?
 
Join Date: May 2002
Location: East Coast
Posts: 13,877
Thanks: 0
Thanked 3 Times in 3 Posts
Rep Power: 15
camaraderie is a jewel in the rough camaraderie is a jewel in the rough camaraderie is a jewel in the rough
Xort is exactly right on that. Also brokers have been known to work with surveyors to give a good survey to make the boat more saleable. I was once asked by my broker to have his surveyor do this.
Get your own surveyor always.
__________________
No longer posting. Reach me by PM!
Reply With Quote Share with Facebook
  #9  
Old 11-25-2008
AdamLein's Avatar
Senior Member
 
Join Date: Nov 2007
Location: Coquitlam, BC
Posts: 1,866
Thanks: 1
Thanked 0 Times in 0 Posts
Rep Power: 7
AdamLein will become famous soon enough
When I sell my current boat, I'll be happy to let prospective buyers see the most recent survey along with all other documentation that shows that I was a conscientious owner. But I would never encourage a buyer not to get his own survey; that's the mark of an untrustworthy seller.
Reply With Quote Share with Facebook
  #10  
Old 11-25-2008
GreatWhite's Avatar
Senior Member
 
Join Date: Jan 2007
Posts: 215
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 8
GreatWhite is on a distinguished road
The money your own surveyor costs will usually is often recouped in the difference between the final purchase price and the pre-survey offer (unless it is a really good deal.) Additionally the surveyor will give some additional advice on what he believes could be upgrade.
There are some people I have met who had a LOT of experience working on boats who felt they could adequately do their own survey but the "expert" opinion from a third party adds weight to any negotiations.
Reply With Quote Share with Facebook
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

 
Posting Rules
You may post new threads
You may post replies
You may post attachments
You may edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Survey Cost and what to expect Popeye77 Boat Review and Purchase Forum 9 10-13-2008 11:42 PM
Should I Be There During Survey? FritzN Boat Review and Purchase Forum 20 06-04-2007 08:32 AM
Can you sell a survey to the next faithab Boat Review and Purchase Forum 3 12-18-2005 06:08 PM
The Importance of a Pre-Purchase Survey Sue & Larry Buying a Boat Articles 0 10-06-2002 08:00 PM
To Survey or Not to Survey Tom Wood Buying a Boat Articles 0 09-17-2000 08:00 PM


All times are GMT -4. The time now is 04:09 AM.

Add to My Yahoo!         
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
SEO by vBSEO 3.6.1
(c) Marine.com LLC 2000-2012

The SailNet.com store is owned and operated by a company independent of the SailNet.com forum. You are now leaving the SailNet forum. Click OK to continue or Cancel to return to the SailNet forum.