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Old 04-09-2014, 20:03   #16
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Re: The Process

Originally Posted by onestepcsy37 View Post
Surveyor advice.

The broker or seller may recommend one or more surveyors. Write their names down, then get someone else. Too often brokers have favored surveyors because they dont hinder the sale by finding expensive problems.
I have often wondered if brokers have figured this out and ever recommend people they don't like (maybe as #2 in a list) to get buyers not to use them

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Old 04-09-2014, 20:18   #17
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Location: West Indies
Boat: Burger 74' motor yacht, 65 foot 12 metre, Flicka and sailing dinghy
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The Process

Others may have a different view. I try to understand myself all the issues myself and not rely on a surveyor. I usually get an engine and a rigging survey, since I lack the ability to check those things. Never seen a competent surveyor for a boat as a whole. They all have missed critical issues which I spotted right away and only noticed technical but inconsequential problems. Yes flares have to be current but won't cause the boat to sink, while a frozen through hull and rotted hoses will!
You can expect to pay 20% of your purchase price fixing problems. I have seen boats described as in perfect condition on which nothing worked. Last boat I bought, the engine was good but the freshwater system, lines, faucets, pumps were all junk; the head looked nice but was broken; the propane tanks were so old they were illegal and the hoses were missing; the stove was rotted out; the genoa sheets were comprised of clothesline; the electrical panel was complete junk and had to be redone; VHF was broken; no flares;the bilge was full of oil; the air conditioner complete junk and had not been run in years; there were no engine or other spares; no shorepower cord; through hulls all frozen; but the boat was "ready for circumnavigation." In my experience, nearly all boat owners ignore problems or go for the cheap, quick fix. On the other hand, I have had many people coming to see boats I sold, expecting to see perfection for half of market value.
If you are not picky or you are lucky, you can buy within a week. If the owner has title in hand. Sometimes you can make an offer on a boat which has been for sale for 3 years, and the owner can't find the title. Or does not have title.
Make sure the hull number and an inventory list are part of the purchase agreement. Check the hull number yourself. Most brokers are not good on details. I heartily recommend finding a really good broker to represent you. They do exist and will be your greatest asset.

Sent from an undisclosed location on the high seas or from the lounge chair by the pool, you decide.

To a hammer, everything looks like a nail.
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