Very well said!Certainly, if you can get a yards estimate and the seller is willing to drop the price accordingly, it may work. This is a very expensive repair by a yard, so be prepared to be surprised.
You get a survey to help you make a decision on the purchase. It almost sounds like you want to make the purchase because you paid for the survey and don't want to waste money. Trust us....this will be one of the smaller amounts you waste along the way.
15% less should be the offer without any major issues. The best way to proceed is for you to get a yard (not the surveyor) provide an estimate for the repair, then negotiate with the owner.Not just because we paid for the survey, it's part of the reason but not all. We really like the boat and the preliminary from the surveyor (I don't have the full report yet) sounds like this is the only serious issue. I asked him if we should run away from the boat and he said no, just that it wasn't worth our agreed upon price and threw out a value about 15% less.
No what I meant was that the offer should be 15% less than asking (which you probably did anyway).You would drop your offer 15% after the survey if he didn't find any major issues? The surveyors value was 15% under what I already negotiated off of the asking price before the survey.
