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post #11 of 14 Old 09-08-2003
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Picking a surveyer

If you aren''t willing to pay $350 for a survey and $100-200 for the haul be ready to be suprised. A big blister repair can be $7000 and up and a surveyer was telling me about a boat where the hull needed to be peeled and rebuilt. That could be $20k, which is a boat that would fail survey for me. If the surveyor pointed out some issues with thru hulls, props, blisters, the join of the hull and the keel, or something else I would consider the haul out money well spent.

On my first boat I did not do a survey, but it was a $4k boat and I paid cash. On the second boat, I planned on a survey, but the bank and insurance companies both required it, so if I didnt want a survey I wasn''t going to have the boat.

I used a surveyor from a list provided to me by my broker. I was happy with his work and plan to call him for my next boat. My broker came to the survey and I know of two items the surveyor pointed out that were fixed before I took possesion of the boat by either the broker or the seller who was told by the broker. I never brought up either item as they were minor.
My surveyor clearly stated that he was not an engine surveyor, but he did look at the engine and make some recomendations.

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post #12 of 14 Old 09-09-2003
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Picking a surveyer

In his book, "Inspecting the Aging Sailboat", Don Casey made a point I hadn''t thought of. If the boat price is high (subjective--you decide), then a pro survey makes complete sense since you''re likely to find enough to quibble with to reduce the price by the cost of the survey + haul. Ie, knocking 1,000 off a 80,000 pricetag is reasonable. But on a 5,000 boat, you''re probably at rock-bottom already. More likely, what you should do is have her hauled and check her yourself. If you don''t like what you see, walk away. You''ll only be out the price of the hauling. A lot of boats on sale for 5,000 are in fact worth nothing--if it seems too good to be true, it probably is. Get a good book on surveying--Don''s is great--and go for it. Even if you''re going to have a pro do it, the cost of the book (amazon.com has several on the subject) is well worth it as you''ll be able to anticipate what the surveyor should be doing and what he won''t. I''ll never be a real surveyor, but after reading Don''s and other books and walking around a few boatyards now, talking to folks doing repairs and bottomwork, I think I can now protect myself from the biggest risks involved in buying old, small boats. Emphasis here on "small"--I think if the pricetag was above about 15,000, I''d get a pro. Odds are, I''d have to anyway for the loan to be approved.

Just my .02, of course.

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post #13 of 14 Old 09-15-2003
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Picking a surveyer

My 2 cents worth: the buyer will always pay for the survey -- always. If the broker(s) work out the price of the survey in the cost of the boat, you pay in the price of the boat. Most likely you will hire your surveyor and haul out on your own with the borkers'' or seller''s permission. No matter how you break it down, that suveyor works for you. He will get paid whether the boat sells or not. It is up to you to find the best for the price you are willing to pay. I agree with Mr Walden here that anything above $15K or a boat loan is worth the $500 bux for a survey. At least you get it out of the water and get a good look/feel of the sweet thing''s bottom.
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post #14 of 14 Old 10-13-2003
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Picking a surveyer

I did a two step process to find our surveyor. Asked local owners of great looking boats which boat yards they used & liked. Then asked the owners of the boat yards which surveyors were the toughest.

It worked, and two names that came up tops were also the ones used to survey the big $$ boats. My survey moved $7k off the purchase price. That funded repairs to furling, rig and nav systems that we considered important.
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