Buying First Boat Advice Needed On Offer Process - Page 4 - SailNet Community

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post #31 of 61 Old 09-15-2011
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Actually, that is not entirely correct. The surveyor works for you, the buyer. They are your experienced second set of eyes accessing the boat. Listen to what the surveyor tells you.

When we bought our current boat, we had an EXCELLENT surveyor. He kept telling us, "This is a really nice boat." Sure, it had some issues and some problems but lots of things were fixed really well in the past.
Ours had experience surveying Catalinas and, away from the seller, let us know the approximate selling prices of other Catalinas that he had surveyed that were in the same condition.

He also went aloft, which the broker seemed surprised about. I don't know if that's unusual.

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post #32 of 61 Old 09-15-2011
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Eherlihy,

We did not have a broker involved. We bought the boat (a Beneteau First 26) off of Craigslist.
I've been researching different boats for about 6 months, and knew what I was looking for and what those boats were worth.
I also made sure I knew the issues related to the boats, so when the boat was listed I knew the price point I was willing to pay and what the issues potentially could be.

I believe that as I was fair with the seller, he returned the favor in offering free docking.

Win-win !

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post #33 of 61 Old 09-16-2011
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.....He also went aloft, which the broker seemed surprised about. I don't know if that's unusual.
Surprisingly, it is unusual. I've had them done both ways, but was clear about my expectations over the necessary review of standing rigging. When I was buying a boat that had been used heavily for racing, the surveyor when up to check everything. When I bought a 4 year old, lightly used boat that looked like it just came out of the box it was shipped in, I did not require it.


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post #34 of 61 Old 09-16-2011
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Good luck...I love my Ericson 27... great boats! I'll be watching, hoping for the best...
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post #35 of 61 Old 09-16-2011
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... Also, the reason that I suggest that he offer 80% (or more if it is really worth it), or tell the broker that he will take a pass is; 80% is a serious offer. If he looks at a sunfish that some guy is asking $10K for, and he feels is only worth $100, he shouldn't bother wasting anyone's time with offer/counter etc...

On the other hand if he sees this Ericson 27, and it is in pristine condition, and the guy wants $3500 it, his offer should be at, or above asking price.
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post #36 of 61 Old 10-09-2011
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I am in the process of buying (hopefully) a 31 Catalina - 2001. I took the family to see a bunch of boats over the weekend and everyone was pleased with this boat.

I have a question about the process.

Does the sea trial usually come before or after a survey?

Thanks,
Matt
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post #37 of 61 Old 10-09-2011
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I have found that a good broker is essential. I wish I had known that I could have swithed brokers earlier in this process
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post #38 of 61 Old 10-09-2011
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Fee?

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I have found that a good broker is essential. I wish I had known that I could have swithed brokers earlier in this process
What is your broker charging you?

Who pays the fee?

Under what conditions is the fee earned?
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post #39 of 61 Old 10-09-2011
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Quote:
Originally Posted by eSailor View Post
I am in the process of buying (hopefully) a 31 Catalina - 2001. I took the family to see a bunch of boats over the weekend and everyone was pleased with this boat.

I have a question about the process.

Does the sea trial usually come before or after a survey?

Thanks,
Matt
You should ask to do the sea trial before the survey. If it's unacceptable for some reason, you will have saved the surveyor's fee. However, you should negotiate price, sign a contract (with sea trial and surveyor contingencies) and offer a deposit before doing this. Othewise, you might get labeled as a tire kicker looking for a free boat ride.


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post #40 of 61 Old 10-09-2011
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It seems I am paying for flippin everything
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