This is what really sucks. I DO want the boat
. I am pretty sure the seller wants to sell the boat
The boat was listed at a price
. I contacted the broker
and made an offer. It was accepted. On to all the survey
The day I got the initial survey
, I sent it to the broker
along with extensive notes about all of it. I am pretty sure he never looked at it. Later, as insurance
underwriting rejects it, the issues are due to all of the things I had emailed him about over a month before. He offers up a $10K price
reduction. I told him I didn't want a price reduction, I wanted a seaworthy
will not bind coverage without the issues being fixed and I cannot close on the purchase
without insurance (required by financing).
The issues with the boat are not massive expensive things. But the boat is 32 years old. All the issues are basically age related deferred maintenance
problems. Individually, not horribly expensive to fix. But it would require haul out
and for someone paying someone else for all the repairs
it could get expensive. Still - unlikely to be $10K.
If the broker had looked at the initial survey when I sent it too him way back on 2/20 and engaged the seller in getting it all fixed then, we wouldn't have had this mess.
But I would still buy the boat if there was some way to make it work
but I just cannot come up with how that would be.