Join Date: Jun 2000
Location: CT/ Long Island Sound
Thanked 86 Times in 85 Posts
Rep Power: 20
Re: Working with sellers who refuse a pending survey contract
Why does the buyer need a contract at all? He can have a survey done and walk away without having to put any money down in an offer first. It sounds like there's an agreed-upon price already. The buyer would be paying for the survey in any case, if he's interested in the boat. The risk to the buyer is that the boat gets sold to someone else, but that's not much of a risk in the market these days. If someone else does come along and snap the boat up, then the buyer loses his survey money:cost of doing business. He'd be out that money anyway. The seller simply doesn't want to take the boat "off the market" while waiting for the survey. Understandable.