Cruisers Forum
 


Join CruisersForum Today

Reply
 
Thread Tools Rate Thread Display Modes
Old 15-06-2009, 20:04   #1
Registered User
 
Whispering Star's Avatar

Join Date: Jun 2009
Location: Merritt Island Florida
Boat: Vagabond 42
Posts: 53
Send a message via AIM to Whispering Star
'Contract Before Boarding Boat!' - ?

I recently enquired about having my surveyor coming to view a boat to see if it is worth doing a full survey. I was told now you must submit a contract prior to boarding the boat. This is through a brokage firm out of Calif. I am new to this, but I have booked appointments and viewed boats on many occassions. I have never heard of this. They are tell me of Liab. issues. I told them I was out of state and told them who the surveyor was, they knew him. What's up with this? I don't understand.
__________________

__________________
Whispering Star is offline   Reply With Quote
Old 15-06-2009, 20:23   #2
Registered User
 
sww914's Avatar

Join Date: May 2009
Location: Punta De Mita
Boat: Vagabond 39 Hull # 1
Posts: 1,842
Bad sign. 1st impression, if they're being that careful it may be because they have a lot to fear. Why should they have so much to fear?
It's a buyer's market, buy from someone reasonable.
__________________

__________________
sww914 is offline   Reply With Quote
Old 15-06-2009, 20:28   #3
Registered User
 
Whispering Star's Avatar

Join Date: Jun 2009
Location: Merritt Island Florida
Boat: Vagabond 42
Posts: 53
Send a message via AIM to Whispering Star
I hadn't thought it was fear, but, I do find it very very odd. But I am inclined to agree.
__________________
Whispering Star is offline   Reply With Quote
Old 15-06-2009, 20:34   #4
Registered User

Join Date: Mar 2009
Location: North to Seattle
Boat: Cooper 416
Posts: 264
Contract before survey is right.But not to show a boat.
__________________
Redcoat is offline   Reply With Quote
Old 15-06-2009, 20:34   #5
Registered User
 
sww914's Avatar

Join Date: May 2009
Location: Punta De Mita
Boat: Vagabond 39 Hull # 1
Posts: 1,842
Maybe not personal fear but they're going a long way to protect themselves from something. The contract is to protect them or to give them some advantage. Either way...
__________________
sww914 is offline   Reply With Quote
Old 15-06-2009, 20:41   #6
Registered User
 
Whispering Star's Avatar

Join Date: Jun 2009
Location: Merritt Island Florida
Boat: Vagabond 42
Posts: 53
Send a message via AIM to Whispering Star
They asked for a contract to be signed but no monies needed to be exchanged until I order the survey. All I ask was to have my representive view the boat on my behalf to see if I might want to make and offer. The gentleman told me not to submit anything lower than the list as the owner (a boat yard would not accept any other offer). In addition, he said "I am not trying to kill the deal but that is how we do things here.

Warning Will Robinson, Warning
__________________
Whispering Star is offline   Reply With Quote
Old 15-06-2009, 21:08   #7
Senior Cruiser
 
roverhi's Avatar

Cruisers Forum Supporter

Join Date: Aug 2005
Location: Kona, Hawaii, Carlsbad, CA
Boat: 1969 Pearson 35 #108 & 1976 Sabre 28
Posts: 6,005
Send a message via Yahoo to roverhi
If a boat yard is the owner, they probably own the boat because of unpaid yard bill. They may be unwilling to accept less than the value of the work they performed. If it's really a good deal, make them an offer and have your guy look at it. If it's not a good price, walkaway.

One of my dockmates recently bought a Catalina 36 for around $30,000 from a boatyard. Owner bought the boat in SoCal and had it shipped to SF to the yard. He then had the yard do a ton of work to the boat, new rigging, canvas, new mast, engine work, etc, etc. and then walked away. Apparently the economy tubed his business and he ended up with no income and no reserves. The yard got title to the boat on a mechanics lien and sold it for the work done.
__________________
roverhi is offline   Reply With Quote
Old 15-06-2009, 21:15   #8
Registered User
 
Whispering Star's Avatar

Join Date: Jun 2009
Location: Merritt Island Florida
Boat: Vagabond 42
Posts: 53
Send a message via AIM to Whispering Star
I guess I take issue with the process, and with a broker telling me the amount I must submit to even view the boat. I know the yard owns the boat it was as much said. But, if I offer the asking price and I don't think that is what it is worth, can I lower the offer???
__________________
Whispering Star is offline   Reply With Quote
Old 15-06-2009, 21:17   #9
Senior Cruiser
 
Ocean Girl's Avatar

Cruisers Forum Supporter

Join Date: Jun 2009
Location: In transit ( Texas to wherever the wind blows us)
Boat: Pacific Seacraft a Crealock 34
Posts: 4,115
Images: 2
They may not be hiding anything, I don't think it is unusual. That is the norm. If you didn't tell them or if they didn't know it was a surveyor then it might work, but he would not be allowed to go through the boat like a survey. Also, I am surprised the surveyor agreed to do this. The key is to send someone to look at the boat friend etc, take pics, if you like it make a contract, then have the sea trial and surveyor pre survey(if you want). I am also surprised the brokerage would allow a any kind of survey without earnest money, they are supposed to be protecting the boat owner.

BTW- this process protect you, you do not have to buy the boat-the contract will be pending you inspection, sea trial and survey.


What kind of boat?
Erika
__________________
Ocean Girl is offline   Reply With Quote
Old 15-06-2009, 21:19   #10
Moderator Emeritus
 
Ex-Calif's Avatar

Cruisers Forum Supporter

Join Date: May 2007
Location: Singapore
Boat: Maxi 77 - Relax Lah!
Posts: 11,514
Images: 4
What does the contract say? Does it include an offer price?

Depending on what is in the contract, I would be fine with it. No monies change hands. The contract has an initial offer with a caveat to lower the offer based on survey findings. You don't like the boat or the findings you walk away.

The contract probably has a liability waiver to protect if you or your agent are injured as a part of the process of buying the boat. Especially if the boat is actually owned by the business. Someone falls off the boat or injures themself while acting as your agent someone will get sued.

Welcome to California.
__________________
Relax Lah! is For Sale <--- Click
Click--> Custom CF Google Search or CF Rules
You're gonna need a bigger boat... - Martin Brody
Ex-Calif is offline   Reply With Quote
Old 15-06-2009, 21:21   #11
Senior Cruiser
 
Ocean Girl's Avatar

Cruisers Forum Supporter

Join Date: Jun 2009
Location: In transit ( Texas to wherever the wind blows us)
Boat: Pacific Seacraft a Crealock 34
Posts: 4,115
Images: 2
I didn't realize that the brokerage house wanted money to just "view" the boat, that is unusual. unless this is a million dollar boat---Run.
__________________
Ocean Girl is offline   Reply With Quote
Old 15-06-2009, 21:30   #12
Registered User
 
Whispering Star's Avatar

Join Date: Jun 2009
Location: Merritt Island Florida
Boat: Vagabond 42
Posts: 53
Send a message via AIM to Whispering Star
It is a 1981 41' Lord Nelson. No they don't want any money they just want the contract. I haven't recieved the contract so I'm not sure about the verbage.
__________________
Whispering Star is offline   Reply With Quote
Old 15-06-2009, 21:55   #13
Senior Cruiser
 
skipmac's Avatar

Cruisers Forum Supporter

Join Date: Oct 2007
Location: 29 49.16 N 82 25.82 W
Boat: Pearson 422
Posts: 12,383
I was a yacht broker many years ago and never heard of requiring a contract before allowing a prospective buyer to view a boat. Sounds like a great way to drive away customers.

Could be a naive seller who thinks it will eliminate tire kickers but I would look very carefully at whatever they asked me to sign. Make sure you have a clear, easy, no cost, no liability bail out clause.
__________________
The water is always bluer on the other side of the ocean.
skipmac is offline   Reply With Quote
Old 15-06-2009, 22:08   #14
Senior Cruiser
 
Ocean Girl's Avatar

Cruisers Forum Supporter

Join Date: Jun 2009
Location: In transit ( Texas to wherever the wind blows us)
Boat: Pacific Seacraft a Crealock 34
Posts: 4,115
Images: 2
I agree with skipmac, You could also go to your broker house (you said you had someone) and ask for the big honcho and see what he thinks about it, if he has ever needed to do this etc. If you don't have anyone, I can get someone PM me if you need anything.


Erika
__________________
Ocean Girl is offline   Reply With Quote
Old 15-06-2009, 22:17   #15
Moderator Emeritus
 
David M's Avatar

Cruisers Forum Supporter

Join Date: Sep 2007
Location: San Francisco Bay
Boat: research vessel
Posts: 10,152
That's insane. That would be like a real estate agent charging money to see an open home. I would not do it. Its a buyers market. If anything, they should be paying you to look at their boat.
__________________

__________________
David

Life begins where land ends.
David M is online now   Reply With Quote
Reply

Tags
contract

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
HELP --- Emergency Boarding Ladder jackiepitts Health, Safety & Related Gear 22 07-08-2017 13:26
Boarding your boat Janny The Sailor's Confessional 46 10-07-2012 23:53
Buyers Contract holomoku Boat Ownership & Making a Living 1 23-05-2009 19:33
Used boat purchase contract, letters of intent, etc.? sundowner Dollars & Cents 8 08-09-2008 17:27
Contract terms Kipper Off Topic Forum 6 28-03-2007 13:21



Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 22:50.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.