Survey Results -- what do you think?

Then that would be fine. I am just saying that you try to discount at offer and then discount at again after survey the seller may not be too receptive.

I have always told the seller to disclose anything they know is wrong before I make an offer. Otherwise we would negotiate problems that were found in the survey. If it was disclosed upfront I would incorporate it in my offer.

-Kevin
I completely agree. I am focused on the big things -- structural and safety related -- that were unknown or not disclosed. Not quite sure how it got launched with those props. There is a good $800 worth of misc. West Marine stuff the needs to be purchased and installed (from pumps to CO detectors).
 
So having trouble negotiating any concessions for the props and swim platform. I am eating all the "small" stuff -- co detector, bilge/sump pumps, fire extinguishers, nav lights, etc. Seller won't budge on anything for swim platform -- not even a percentage. Now we have a discrepancy regarding the prop repair. After reviewing a picture, my local place said probably $600 ea. (see my prop cost thread) Seller is suggesting maybe $200 ea. My marina removal cost is $135/hr. (large metro area) vs. his at $99/hr. What was once a "good" deal is becoming eh.
 
I bet at this time of year there isn't a line wanting to buy this boat........ I'd place your best offer and walk away...... I'm surprised as some who commented on the small stuff not being operational.
 
We don't know the sell price or what an average boat like this would sell for in your area...so it's impossible to determine sellers point of view
You should basically offer what you're comfortable with ...repair what you want and enjoy the the boat.... If your offer is not accepted move on...or reevaluate your offer.
 
So having trouble negotiating any concessions for the props and swim platform. I am eating all the "small" stuff -- co detector, bilge/sump pumps, fire extinguishers, nav lights, etc. Seller won't budge on anything for swim platform -- not even a percentage. Now we have a discrepancy regarding the prop repair. After reviewing a picture, my local place said probably $600 ea. (see my prop cost thread) Seller is suggesting maybe $200 ea. My marina removal cost is $135/hr. (large metro area) vs. his at $99/hr. What was once a "good" deal is becoming eh.
How much they asking?
 
How much they asking?
Since this is still a working deal and a public forum, let me just say this. Price was at the low end of the sold boats range, but reflected a known need for full canvas, carpet, and some minor cosmetic repairs/issues. Survey uncovered "unknown" issues especially props in need of work (who puts a boat in the water with damaged props) and a wet/rotting swim platform. Suffice it to say that once you add up all the items to get it back into ship shape, you're well over the average selling price. And you haven't addressed the need for the electronics it doesn't have. Had it surveyed a little better, we would be good to go.
 
Sounds like you know where the price should be... So my post still applies. You have nothing to lose.
 
Since this is still a working deal and a public forum, let me just say this. Price was at the low end of the sold boats range, but reflected a known need for full canvas, carpet, and some minor cosmetic repairs/issues. Survey uncovered "unknown" issues especially props in need of work (who puts a boat in the water with damaged props) and a wet/rotting swim platform. Suffice it to say that once you add up all the items to get it back into ship shape, you're well over the average selling price. And you haven't addressed the need for the electronics it doesn't have. Had it surveyed a little better, we would be good to go.
Given it's an absentee owner/estate situation I can understand how dinged props got put in the water. Potential buyers got to see if engines run, trannnys tran, and all that. It's pretty clear the preferred sale is 'as is'. You've researched some of the costs to whip it into shape....I'd make him an offer that reflects those fairly and tell him to call if he changes his mind.
 
Since this is still a working deal and a public forum, let me just say this. Price was at the low end of the sold boats range, but reflected a known need for full canvas, carpet, and some minor cosmetic repairs/issues. Survey uncovered "unknown" issues especially props in need of work (who puts a boat in the water with damaged props) and a wet/rotting swim platform. Suffice it to say that once you add up all the items to get it back into ship shape, you're well over the average selling price. And you haven't addressed the need for the electronics it doesn't have. Had it surveyed a little better, we would be good to go.

FWIW ... I've learned to not trust Sold Boat data as factual in all cases.
As an example the boat that I have under contract shows in sold boats at full list price when a brokers term expired - the boat never actually sold, it was traded at $140k less than the listed price.
As others have said, offer your best price keeping the repairs in mind and move on.
This doesn't sound like a deal of a lifetime so don't get emotionally attached
 
Keep in mind that whatever you estimate the cost will be to address the things your survey revealed, it’s a safe bet that it will cost you more once you get in to it.
Base your decision about what to do in part on that and you’ll make a good one.
 
Keep in mind that whatever you estimate the cost will be to address the things your survey revealed, it’s a safe bet that it will cost you more once you get in to it.
Base your decision about what to do in part on that and you’ll make a good one.
Exactly, which is why it's BS to be "negotiated" on a repair. You want to sell the boat? Either fix the obvious before you put it up for sale or take the deal. This guy did neither.
 
When we bought our 450 it was advertised as Bristol Condition, turn-key... It was for the most part, but the diesel mechanic said otherwise, it needed a new heat exchanger on the gennie, several of the hoses were crack and needing replacement. We had negotiated our best price and then discovered the issues, the seller paid $3k to keep the deal alive and we closed.
 
Exactly, which is why it's BS to be "negotiated" on a repair. You want to sell the boat? Either fix the obvious before you put it up for sale or take the deal. This guy did neither.

My feeling on it is that if things come up at survey and sea trial that the buyer wasn’t aware of when he did his own inspection (assuming he still wants the boat) then he should stick to the agreed upon price but ask the seller to have the things corrected as a condition of sale.
Again though, I strongly believe that things wind up costing more than you think and once you own the boat the problems are yours so you better be prepared to deal with it.
Unless buying a project, I’m not a fan of the old “take off x amount of dollars” and “get the problems fixed later”.
The assumption is that after inspecting the boat the buyer based his offer, and agreed upon a price, prior to giving a deposit and hiring a surveyor.
He agreed to the price realizing that the boat needed x,y or z.
If the surveyor comes up with things other than x,y or z then the buyer has the ability to walk away if he wants.
But if he is willing to give the seller the opportunity to address the things that came up and the seller is willing to do it then all is good.
If the seller refuses, the buyer should consider walking.
If the buyer wants the issues addressed and also wants to renegotiate then the seller should think about killing the deal.
Example: I bought my boat from a dealer. It was a trade in.
When I inspected the boat I came up with a few minor things and agreed upon a price contingent on the dealer addressing those items and also contingent on survey and sea trial.
We signed a contract outlining those conditions, I left a deposit and arranged for the surveyor. We were both happy.
The salesman and I were both there for the survey and sea trial a week or so later.
The surveyor pointed out a couple of more things that neither me or the salesman were aware of.
I asked the dealer to address those other things too as a condition of sale, and told him that if he agreed I would continue with the deal at the agreed upon price.
If he refused I would have walked away without a boat and out the price of the survey. I was willing to do that.
On the other hand: If after he agreed to address the issues the surveyor found, I turned around and insisted on re-negotiating the price too, I wouldn’t have blamed him if he refused and told me to take a hike.
 
My feeling on it is that if things come up at survey and sea trial that the buyer wasn’t aware of when he did his own inspection (assuming he still wants the boat) then he should stick to the agreed upon price but ask the seller to have the things corrected as a condition of sale.
Again though, I strongly believe that things wind up costing more than you think and once you own the boat the problems are yours so you better be prepared to deal with it.
Unless buying a project, I’m not a fan of the old “take off x amount of dollars” and “get the problems fixed later”.
The assumption is that after inspecting the boat the buyer based his offer, and agreed upon a price, prior to giving a deposit and hiring a surveyor.
He agreed to the price realizing that the boat needed x,y or z.
If the surveyor comes up with things other than x,y or z then the buyer has the ability to walk away if he wants.
But if he is willing to give the seller the opportunity to address the things that came up and the seller is willing to do it then all is good.
If the seller refuses, the buyer should consider walking.
If the buyer wants the issues addressed and also wants to renegotiate then the seller should think about killing the deal.
Example: I bought my boat from a dealer. It was a trade in.
When I inspected the boat I came up with a few minor things and agreed upon a price contingent on the dealer addressing those items and also contingent on survey and sea trial.
We signed a contract outlining those conditions, I left a deposit and arranged for the surveyor. We were both happy.
The salesman and I were both there for the survey and sea trial a week or so later.
The surveyor pointed out a couple of more things that neither me or the salesman were aware of.
I asked the dealer to address those other things too as a condition of sale, and told him that if he agreed I would continue with the deal at the agreed upon price.
If he refused I would have walked away without a boat and out the price of the survey. I was willing to do that.
On the other hand: If after he agreed to address the issues the surveyor found, I turned around and insisted on re-negotiating the price too, I wouldn’t have blamed him if he refused and told me to take a hike.
Sure. The original offer is what is disclosed or observed at the time of offer. But not everything is knowable on a boat, so the survey will reveal any deficiencies. My expectation as a buyer is there will be some small nickel and dime stuff. No problem, I'm worried about the big things. In my case the reason I wanted to negotiate props was its late in the season and that's a great winter project. For the seller to do it, he has to haul the boat, take 2+ weeks to do have the work done, and then reverify with another trial. Swim platform is probably a 4-6 week project and again a good winter one. But the bottom line lesson learned is a seller who launches a boat with bad props is probably a problem.
 
Why so hung up on the prop issue ? Sea trial put the rpm's within the spec range. I don't blame the seller for holding tight on that, them props don't sound that bad. No ?
 
Exactly, which is why it's BS to be "negotiated" on a repair. You want to sell the boat? Either fix the obvious before you put it up for sale or take the deal. This guy did neither.
He doesn't have to do anything. Right or wrong, he thinks he's priced in the ballpark for the condition it's in. It's up to you now.

Me....I'd go boat shopping.
 
Why so hung up on the prop issue ? Sea trial put the rpm's within the spec range. I don't blame the seller for holding tight on that, them props don't sound that bad. No ?
Props are bad and definitely need reconditioned. Leading edges are chewed up and missing a couple of thumb nailed sized chunks. It was actually a shock that the props looked so bad given how the boat operated. But that was lightly loaded and wasn't perfect.

Bottom line original offer was based on $5k worth of refurbishment to get into shape. After survey, I'm looking at an additional $5k worth of investment to get the boat into safe and functional condition. I was looking to split the difference. After discussions I gave up on everything except the props. Then they nickeled and dimed me on the props. I had enough.
 

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