Hey all, need some of your collective experience here....
I've made an offer on a boat and I'm working on details with the broker. I've read the draft
of the contract
they sent me and it looks good, but this is my first time buying
a boat through a broker so I'm trying to make sure I don't make any wrong assumptions. Also I should say that so far I think the broker is very honest and professional and the reputation of the brokerage is just that.
So I've made the offer and the broker said the owner is still considering it, and although it was roughly 20% below asking price
she said that it should be at least close enough that we can work something out.
The broker said I don't need to make a deposit until survey
. I'm traveling right now and can't be there for a survey
for almost 3 weeks. So my first concern is that someone else comes along and offers more money
in the meantime. Is it ever advisable to put down a deposit before survey, or otherwise expect that the boat will not be shown to other prospective buyers?
Second, can I expect that there will be a counter offer within a certain time frame, and if we agree on a pre-survey price
at what point does this become binding?
Third, one thing I offered (at the broker's suggestion), while making a rather low offer on a nice boat, was that I would not nitpick small issues on survey to get the price down further, except in the case that major structural problems are revealed. This boat has been completely professionally refit
and barring any big hidden issues I don't feel the need to haggle further as I think I'm getting a good deal already. But how should I expect for this to be represented in the purchase
Thanks so much for any advice!
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