As written somewhere within these forums, the seller has all the knowledge about the boat and the buyer is left the onerous task of finding the "ghosts" as best as and by whatever means he/she can. Who in their right mind would play this game but we do it every day. As a soon to be first time buyer of 40+ ft sailboat, I'm thinking a "seller's disclosure statement" as is common pratice in real estate might help level the playing field. For the benefit of those not familiar with the statement it basically through a series of questions asks the seller to tell you everything he/she knows about the boat. Lying is seriouly frowned upon. Refusal to complete the form should make you question the sanity of purchasing the boat. Has anyone used one? Your comments would be greatly appreciated. Thx.