Starting the process - SailNet Community
LinkBack Thread Tools
post #1 of 6 Old 05-31-2002 Thread Starter
Junior Member
Join Date: May 2002
Posts: 9
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
Starting the process

I am interested in buying a particular boat and of course the broker has the policy that I first have to make an offer before I can take it out for a test. I would not make an offer unless the boat has been surveyed and I have a report in my hands. So is that really the sequence, having the boat properly surveyed, get an appraisal and then make an offer, followed by a test sail? Also, how is an offer handled? Do we put money down, and what happens to the down payment if, after the test, I decide I don''t want to buy. Could anyone advice me, where I could get information on the best process to follow?

Many thanks in advance!
Hansdg53 is offline  
Sponsored Links
post #2 of 6 Old 05-31-2002
Senior Member
Join Date: Jul 2001
Posts: 136
Thanks: 0
Thanked 1 Time in 1 Post
Rep Power: 19
Starting the process


First, find the boat that you are most interested in. Make an offer. The dealer will give you a one or two page "contract". a check for 10% of the purchase price most accompany the offer. You may create addendums that will be part of the contract offer such as : Pending Survey, Sea trial and financing with rates between 6.7 and 7.9 percent.

If the survey is not to your satisfaction, then either pass on the boat and get your deposit back fron the dealer, or adjust your final offer down accordingly. You can also insist that the current owner fix the items that created the discrepency on the survey. The owner may not comply in which case you get your 10% back.
The same goes for sea trial. If the boat does not sail/motor or otherwise handle to your satisfaction, you can also get your money back. It is YOUR OFFER you control the deal not the broker or the owner.

Remember you must pay all expenses related to the survey incuding haul out. So, make sure you have found "your boat" prior to starting the whole process. You keep doing this and you won''t have any money left to purchase and maintain your new boat!

Best regards,

Bluesmoods is offline  
post #3 of 6 Old 06-01-2002 Thread Starter
Junior Member
Join Date: May 2002
Posts: 9
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
Starting the process


Many thanks for your advice. Yes, you don''t want to repeat this process too often or otherwise you end up with no money left to buy anything!


Hansdg53 is offline  
post #4 of 6 Old 06-10-2002
Join Date: Aug 2001
Posts: 59
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 18
Starting the process

Was in your position sevral months ago.
Looked at new, went with used. Much more for the dollar.
Broker made the same pitch. Need to make an offer prior to survey & sea trial.
Went to this site and got good advice and copies of several contracts, standard and customized. Really helpful. Also requested copy of contract the broker used.
With this info. in hand I proceeded.
As buyer you can back out if things don''t go your way. Meaning inspection, survey, sea trial, unable to access loan.
Don''t let broker or current owner try to bully or make unheard of demands.
Good Luck

Dream Catcher
Rock Hall, MD
wannasail is offline  
post #5 of 6 Old 06-11-2002
Join Date: Mar 2002
Posts: 42
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
Starting the process

With so many boats for sale out there, why go through a broker???

The price is going to be inflated to cover the broker''s commission.
scnicklefritz is offline  
post #6 of 6 Old 06-24-2002 Thread Starter
Junior Member
Join Date: May 2002
Posts: 9
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
Starting the process

Good question. I guess it comes down to convenience, plus, if you have a broker with some reputation to maintain, it gives some peace of mind.

I did make an offer on a 93'' Tayana 37, albeit with some trepedation, since the Tayana seems to have some metallurgic problems. A counteroffer came back (10% less) but I have repeated my original offer, since that is what I feel comfortable paying for the boat.

Thanks for all the advice
Hansdg53 is offline  

Quick Reply

By choosing to post the reply above you agree to the rules you agreed to when joining Sailnet.
Click Here to view those rules.

Register Now

In order to be able to post messages on the SailNet Community forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
Please note: After entering 3 characters a list of Usernames already in use will appear and the list will disappear once a valid Username is entered.

User Name:
Please enter a password for your user account. Note that passwords are case-sensitive.


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page

Similar Threads
Thread Thread Starter Forum Replies Last Post
Urgent: Questions about selling process labatt General Discussion (sailing related) 12 02-08-2007 01:21 AM
Boat Buying Process MGFraser Boat Review and Purchase Forum 6 11-06-2005 12:37 PM
Copper Clad Bottom Process skiakhokie Gear & Maintenance 4 12-14-2004 03:50 PM
Questions about boat buying process... slimqs Boat Review and Purchase Forum 7 03-27-2004 12:07 PM
The Commissioning Process Sue & Larry Buying a Boat Articles 0 07-16-2001 08:00 PM

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

For the best viewing experience please update your browser to Google Chrome