Originally Posted by Sand crab
Can you get a haulout and survey
contingincy or is it where is as is?
This is the dilemma. In a normal purchase
, you have the chance to look over the boat, no strings attached, then if it looks good you put in an offer contingent on a survey and if the survey comes up with major problems, you can walk away.
With a repo, it sounds like you either buy sight unseen or you pay for a survey before you find out if you've won the bid.
You can easily double or triple the cost of a cheap
boat if it needs major work just to get it in usable.
For example, we looked at a boat this weekend that looked good in the ad but when we got there, they had replaced the outboard
rudders with outboards. Fine when you are motoring but not so great when sailing. We walked away without putting an offer in and no cost for a survey.