Originally Posted by stpeck
To help me understand the process after the survey, how many of you who purchased vessels were able to lower the price after the survey compared to just having items fixed. If so by what amount. If it is typical to reduce the price a few thousand, I could just offer his 73,5 then after the survey get the price down to 70 which would work for me.
Don't go into this thinking you will nickel and dime the seller down to your price based on the survey. Once you've done the survey you are into this a grand or so. The seller knows this to. Make your offer based on what you are willing to pay for the boat in the condition you believe it is in. If the offer is accepted, or you can agree on a very slightly higher offer, then you have a signed sales agreement. It will most likely be lower than the bottom line of seller and higher than your expected top line by a little. Then pay for a survey. If the boat turns out to have issues that show up in the survey, you can evaulate these and decide what the best course is. If they are serious, maybe its time to walk away. If they are a list of items that survey says needs fixing then you will probably need to fix these to obtain insurance
. In this case asking the seller to fix them or offer up a reasonable discount so you can fix them is expected. Don't expect to go after the seller for items that you should already be aware of with a basic buyers inspection
. Make the offer subject to survey and seatrail. This gives you one more opportunity to negotiate or back out, shold you get cold feet once you sail and motor
Also, be cautious as to what you post here, as the seller may be lurking too.