Contract signed, survey results ... eek

BTW, if you walk away make sure you, and only you, get the survey. Don't leave it with the broker or current owner. You paid for it and should be compensated for it if they want access to it.
Why would it matter ? If it's bad enough for that buyer to walk, do you think they would want to show it to the next guy ?
 
Why would it matter ? If it's bad enough for that buyer to walk, do you think they would want to show it to the next guy ?

Because if they do disclose on subsequent showings, like they're supposed to, they'll already have a $500 survey in hand to offer the next prospective buyer as a sales point. And why would you give it to them? It's your document that you paid for it.
 
"like they're supposed to" isn't going to happen on a private sale. If you had a negative survey why would you offer that up to a prospective buyer and call it a sales point ?
 
BTW, if you walk away make sure you, and only you, get the survey. Don't leave it with the broker or current owner. You paid for it and should be compensated for it if they want access to it.

I agree. Do not give a copy to the seller or broker when negotiating the repairs either. Just tell them what came up and work it from there.
 
"like they're supposed to" isn't going to happen on a private sale. If you had a negative survey why would you offer that up to a prospective buyer and call it a sales point ?

So you're arguing that he should give it up? What's the advantage there?

BTW, there's a dealer involved so not a complete private sale.
 
I agree, don't give away. It's yours you paid for it. The next buyer, if you walk can use it and save themselves paying for survey.
 
What I'm saying is if the prospective buyer got a negative survey, the seller wouldn't want it even if it was free.
So if they do disclose this negative survey, like they are suppose to, it would become public knowledge and nobody would have to pay for it, except the PB. Do I understand that ?

I can see If a buyer got a positive survey, but then couldn't close on the deal, why he should withhold the info.
 
Let's say the seller fixes the issues, after you walk. He now has a good survey, and gives the new buyer your survey, they check, both problems fixed. New buyer just saved cost of survey
 
not following along....seller fixes issues and now has a good survey ? Who payed for that.? What buyer would believe a sellers survey ?

Smart buyers get there own surveys.
 
not following along....seller fixes issues and now has a good survey ? Who payed for that.? What buyer would believe a sellers survey ?

Smart buyers get there own surveys.
I see it all the time, buyer trying to save a few bucks. All he has to do is check with the surveyor that did it, to make sure it was accurate. PS, I sell boats. All I am saying, is for the OP to keep his survey. He paid for it, dont give to sellers broker or seller.
 
Unfortunately many boats are purchased without surveys. We all see it all the time on this forum. People that buy a boat without securing their own professional survey are asking for trouble....we all know that.

Anyone that would take a seller's survey is the same idiot that would buy without one.
Shawn
 
Finally, after what seems like an eternity, reality is 5 years, we found a boat we both love that fits our needs. A 2005 Sea Ray Sundancer 280. We are newbies.. Offer signed, countered and settled. Marine survey completed which shows issues.. costs to repair unknown.. Our broker is telling us it shows well and is priced right and we should buy... issues are with hvac, generator and motor leaking oil (literally 2 drops during wot). What is fair to expect from the seller?

Like a boat until you've purchased - love it once it's yours.
 
Why would it matter ? If it's bad enough for that buyer to walk, do you think they would want to show it to the next guy ?

Deals can fall through for various reasons. On my boat, a person before me had an offer in on it but ended up bailing because bat-s4it-crazy. Since she had just paid for an engine survey, I offered her half of what she paid for it (through the broker) and she agreed. Saved me about half a boat buck. When that came back clean, I then went ahead and ordered the structural survey.
 
Seller has agreed to fix ... f
ingers crossed

Have you seen this boat hold water for any length of time. Just sold my 2006 280., had a transom leak issue, and common problem/costly as well. If its on the hard, with a light and mirror, you should be able to see stains on the transom under the engines.
 
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Seller has agreed to fix ... fingers crossed

So while the mechanic is on board take advantage of him and have any other maintenance work you want to be done at that time. My P.O. paid $3k and I had another $2k of work done so I established a solid baseline of maintenance on everything in the E.R.
 
The seller offered a respectable survey allowance so this week we first time boat owners! Thank you all for your help and insight!
 
Congrats on the new boat! get in that 280 thread, it's a wealth of knowledge for anything you may encounter. We bought our 280 last fall and really love it so far, I think you'll find that it's a great balance between "big enough" and "not too big".
 
Hello, I’d like to throw in my two cents, All of the responses are correct, Likes2go needs to understand as mentioned above that the broker does not care about anything other than closing on the sale. IMHO, Likes2go should dig in his heels and not give in, ALL systems should be operational, even the oil leak should be diagnosed to determine where the oil is coming from. If a tech gives a written estimate of repairs and the seller won’t fix or adjust the price walk away and eat whatever you’ve spent.
I’ve been through this before, I really wanted the boat. I accepted the boat knowing the trans had a very slight leak of ATF. Two months later I was eating a trans rebuild/reseal.

That was 1991 and I really, really wanted that boat. By the way, after two trans repairs over 3 years I finally had to replace the trans completely, the housing was not machined correctly right from the time of manufacture. Overall, that little leak cost me $12,000! I wish I had walked away! Live and learn!

I’m glad you got some compensation, Congratulations!

Bow Tie
 
Congrats on your boat! Let’s see some pictures!
 

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