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post #11 of 40 Old 04-17-2019
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Re: Working with sellers who refuse a pending survey contract

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It's just as likely the seller has dealt with too many BS surveys that served no purpose but too leverage the seller on price.

Or maybe I am just too cynical...
Been in the marine business a long time.
There is no such thing as "too cynical".

The hysterical laughter you hear as you drive a way in your"new" boat ..... is the seller.
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post #12 of 40 Old 04-17-2019 Thread Starter
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Thanks for the replies guys. I found it strange too. I understand not worrying about surveys on cheap boats that are projects going in, but at this price range it’s mandatory for me. I’ll send a link to this thread to the guy in SC. I owe him one so I might fly down there for a weekend to look at it with him. I’ve never run into a seller who either hasn’t had a survey done or won’t wait for one. Perhaps there are offers on the boat already, though classic boats like this in this price range are a niche market so I doubt this things “hot” right now.....I deal with many classic Tartan’s, besides also owning one, and they rarely “move” quickly as they’re not floating condos.

Anyway, appreciate it. BTW, a detailed reply from Jeff H....I feel blessed. Lol. 🤙
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post #13 of 40 Old 04-17-2019
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Re: Working with sellers who refuse a pending survey contract

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...A buddy of mine is looking at a GOB in SC and expressed interest in it. The seller refuses to do any sort of contract that protects him while he’s arranging a survey. Basically if someone walks up tomorrow with the right offer, boats sold, even if a surveyor is coming in the afternoon. Purchase price is in the $25k range and I told him an insurance co won’t touch it without a survey.
The seller is pushing to close the sale. I would advise your buddy not to alow himself to be pushed around.

If your buddy is seriously interested in this boat, and has the money, I would tell him to arrange for a survey of the boat before a final price is agreed upon. He should tell the seller that he is serious, and that he has arranged for a pre-purchase survey. If the owner will not allow a SAMS/AMS surveyor to inspect his boat then your buddy should RUN.

I highly doubt that anyone is going to walk up and offer full asking price in the interim. If that does happen, then in the grander scheme of things your buddy wasn't meant to own that boat. THE lesson that I learned when I bought my current boat is that:
there will always be another boat.

After the boat has been surveyed, then your buddy should make his final offer. He should tell the seller "this is best and final, and it is based on his and a surveyor's inspection of the boat." A survey will be required by insurance, so it would be wise to find out what repairs his insurer will require before he becomes responsible to make them.

Frankly, after owning my boat for the last 9 years, I would not hesitate to buy a boat without a surveyor's input. The surveyors that I have dealt with have provided a "service" similar to home inspection, and their "service" was just about as useful (not very).


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Re: Working with sellers who refuse a pending survey contract

He plans on registering the boat in Texas, which Iím not familiar with, but I know in Florida youíre foolish not to have insurance, and to get it you need a survey. Regarding if a surveyor is worth his salt, I too have seen good ones and bad ones. Regardless though the insurance co requires one so youíre damned if you do....Anyway, Iím working on a boat in Michigan right now and itís not nice here.....yet lol...so a weekend in SC wouldnít be so bad. I like crawling around old boats anyway. Thereís probably some details about this boat Iím not aware of as Iím playing ďthat guyĒ on the phone so Iíll figure it out when I get down there. Apparently itís an estate sale or something, I had bad reception when talking to my friend but thatís the jist of it I think.
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Re: Working with sellers who refuse a pending survey contract

If this is an estate sale, have your buddy make SURE that the seller has a clear and unencumbered title to the vessel. I am sure that there are members of SailNet that are also practicioners of the legal profession who can provide better advice and more detail, but the ownership of the vessel can get tied up in probate for a very loooooooong time.


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post #16 of 40 Old 04-17-2019
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Re: Working with sellers who refuse a pending survey contract

Get too detailed and the Seller might be driven off. Offer, price, deposit, time to get survey done (talk to a surveyor before even making an offer, NAMS, SAMS). It takes 15 minutes to read a survey. But then you have to put prices to repairs unless you ask the surveyor to estimate cost to cure. I didn't have my last 5 boats surveyed. Three might have gone to hurricanes, but one is still working off San Francisco and ones in a shed awaiting spring and the laying on of hands. A good surveyor is worth their salt. But I've run into some bad ones. Usually involving insurance and screwing the insured as an "adjuster." I was trained by Giffy Full and Paul Coble many, many, many years ago, in surveying, but never pursued it for anything more than personal application. Too many other things going on.
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post #17 of 40 Old 04-17-2019
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The seller does want to dick around or spend time on gamers.
Maybe busy with turkey season or similarly important things in life
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post #18 of 40 Old 04-17-2019
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Jeez....cant edit from fone...

Doesnt want.....
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post #19 of 40 Old 04-17-2019 Thread Starter
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Quote:
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The seller does want to dick around or spend time on gamers.
Maybe busy with turkey season or similarly important things in life
I’m pretty sure the “owners” dead or about to be. I think it’s being handled by the family. Like I said, details are kind of murky but I think it’s an estate type sale. I hadn’t considered title issues as I haven’t bought anything from an estate but that was some solid information as well. Regardless it didn’t seem to me, based on me being a 3rd party getting second hand info, that the seller, whoever they are, was interested in any type of survey by a pro. That’s why I thought it was strange and posted in the first place. I’ve never heard of that and thought it was pretty standard fare to do in this price range. Investing 25k is significant for regular people I would think and surveys, if anything, give the buyer a warm and fuzzy (or not) that they’re not buying a disaster. I’ve bought boats with no survey but I can usually spot the “hahaha you’ve got to be kidding” kind of issues that cost big $$ to repair. The friend who called me, well, it’s his first boat......I had given him advice on the “right way” to buy an old boat, which is pretty in line with everything everyone else has said. When he called me and said the seller wouldn’t do any kind of contract pending a survey, I was baffled.

Anyway, I asked that he hold off on anything and I’m going down either next weekend or the next. Sometimes things that happen in this world absolutely amaze me...I’m told but those older and wiser that it keeps getting better too lol.
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post #20 of 40 Old 04-17-2019
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Re: Working with sellers who refuse a pending survey contract

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Originally Posted by boatpoker View Post
We did a survey the other day on a 1978' "classic". The fella had purchased it without a survey. Our survey revealed approximately $40k in immediately needed repairs before launching. He is devasted because he can't get insurance and repairs are about twice as much as he paid for the boat. Dock talk is he has now hired one of those "insurance surveyors" who never find anything wrong except for out of date fire ext
Yup, safe to say, if someone told me I needed $40k repairs on a $25k boat, I would be looking for a second opinion too.
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