It's sort of like dancing.
The survey, done by an independent contractor with no association to the seller, buyer, or brokers renders an objective, professional, experienced evaluation of the boat. Many will cover all systems and indicate the "condition". In some cases, the surveyor
will find items that either need attention or need repair before being considered seaworthy
. The surveyor will provide what they consider fair marker replacement value. You can go to the seller and brokers with the surveyors comments and obtain some consideration on the price. This is not uncommon or so I've been told.
The sea trial generally follows. Sometimes the surveyor comes along so they can do evaluations of systems in running mode, rather than static in the sling. The surveyors sea trial findings are generally included in the report. Some surveyors include the sea trial in their fee, others have it as an additional item/cost.
I'm working on getting a Tayana 37
. Here's where I stand.
survey reported good rigging
but questionable/replace a turnbuckle and lower rigging. They also want a better look at the starboard mid-ships chain plate
. Riggers also recommended replacing all running rigging as well as the sheaves at the top of the mast
. Negotiations are underway but it looks like the turnbuckles and lower are on the seller and the running gear
60% on the seller (rigger said the lines work but chafe should have been addressed before taking boat out).
- Engine/mechanical survey showed a bit of concern in the oil
analysis, no zincs, a defective raw water
impeller, and the aft two motor
mounts are broken. Otherwise the engine
look good. Negotiations re the motor
mounts, impeller, and zincs are underway. Oil change
at sellers expense then after the sea trial, oil
analysis at my cost. Negotiations on the results.
have been checked and aside from a bit of chafe protection and the suggestion to go with 3 reef points and full battens, came out fine. That'll be on my dime.
- The leak in the dorade in the head
needs to be addressed. The seller knew this and the surveyor wants the ceiling down before he can give a recommendation, but at the least it'll be a 50/50 cost break, depending on the extent of damage and repair cost.
- Zincs are shot. Since they're about gone (90%) the cost is 90% on the seller, 100% for the engine
is obsolete but works.
120 is discontinued and charts
for it ended in 2004. However the GPS
portion still works so replacement is on me.
C80 is discontinued but I should support Navionics
after the software
upgrade. Charts are on my dime unless the software
update prevents it. If it does then I've got to figure out what to do.
- Yamaha 9hp looks good but the aluminum
prop's a bit chewed up. Surveyor recommends replacement. On my dime.
is OEM but sorta works. Doesn't support Canadian or International channels but works on US freqs. Replacement on my dime although I could say the radio
is obsolete and a safety
concern. You gotta give some things up to get something later.
- The next item is the cutless bearing. The surveyor reports that play is excessive and recommends replacement. It could be the engine mounts so we're still discussing it. I'm hoping for the seller picking up the bill on this if I pay for the added yard time. I want the shaft checked (after all, it's out) for alignment, scoring, and pitting (remember those missing zincs?) so that'll be on me. Regardless of who pays, a new cutless bearing is going in.
- Other things, some niggling, some I know are on my dime (like figuring out the rats nest of wiring). Others, like the repair kit and inflater for the tender
are the sellers responsibility to find or replace. Spares and tools are also negotiable although I'm more willing to pay something for spares (but not full market value) than tools unless they're specific, new, or at great price.
So that's where I am. We're negotiating alterations based on a best guess in the future. I won't pay for all of them and neither will the seller. So we negotiate, although I think I have a better shot at getting the need replacement/repair items paid for by the seller.
Once we agree on a price and who's paying for what, the final sales price will be modified. Up or down, but I don't think it's going up
is on my dime and while I can transfer the policy, I'm shopping
around. Casual discussions with insurance agents/brokers seem to indicate that most underwriters want the deficient items repaired to the surveyors satisfaction before coverage will be issued. I'll need liability for the yard stay and want some kind of coverage for at least the first 6 months in case anything catastrophic happens to the boat.
The drama continues.