Contract signed, survey results ... eek

Discussion in 'Newbie Lounge - NEW' started by Likes2go, Feb 17, 2018.

  1. scoflaw

    scoflaw Well-Known Member

    Aug 10, 2011
    cape cod mass
    1999 Powerquest legend 260 sx
    502 mpi Bravo 1
    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 ?
     
  2. copb8tx

    copb8tx Well-Known Member

    Jan 26, 2008
    Lake Texoma, TX
    2005 420 Sundancer
    T-8.1S Horizons
    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.
     
  3. scoflaw

    scoflaw Well-Known Member

    Aug 10, 2011
    cape cod mass
    1999 Powerquest legend 260 sx
    502 mpi Bravo 1
    "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 ?
     
  4. JVM225

    JVM225 Well-Known Member

    Apr 8, 2008
    Farmingdale, NY
    2002 410 Sundancer, Monaco Edition.
    3126 Cats.
    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.
     
  5. copb8tx

    copb8tx Well-Known Member

    Jan 26, 2008
    Lake Texoma, TX
    2005 420 Sundancer
    T-8.1S Horizons
    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.
     
  6. bahamabreisus

    bahamabreisus Well-Known Member

    Oct 25, 2007
    Hampstead NC
    500 dancer, previous 420,390,300 dancers
    detriot 8v92
    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.
     
  7. scoflaw

    scoflaw Well-Known Member

    Aug 10, 2011
    cape cod mass
    1999 Powerquest legend 260 sx
    502 mpi Bravo 1
    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.
     
  8. bahamabreisus

    bahamabreisus Well-Known Member

    Oct 25, 2007
    Hampstead NC
    500 dancer, previous 420,390,300 dancers
    detriot 8v92
    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
     
  9. scoflaw

    scoflaw Well-Known Member

    Aug 10, 2011
    cape cod mass
    1999 Powerquest legend 260 sx
    502 mpi Bravo 1
    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.
     
  10. bahamabreisus

    bahamabreisus Well-Known Member

    Oct 25, 2007
    Hampstead NC
    500 dancer, previous 420,390,300 dancers
    detriot 8v92
    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.
     
  11. NorCal Boater

    NorCal Boater Well-Known Member SILVER Sponsor

    Jan 24, 2008
    Covington, LA
    Cobalt CM23
    GM SB 383" Stroker" Alpha Gen I
    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
     
  12. Fly'n Family

    Fly'n Family Active Member

    583
    Sep 19, 2013
    TX / CO
    2002 Cruisers Yachts 3870
    2003 Boston Whaler Sport 130 w/40 hp Merc
    Twin 425hp Crusaders
    Like a boat until you've purchased - love it once it's yours.
     
    quality time and Likes2go like this.
  13. bobeast

    bobeast Dance the Tide SILVER Sponsor

    603
    Oct 22, 2017
    Isleton, CA
    2002 310DA
    350 MPI w/V-drives
    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.
     
    Likes2go likes this.
  14. Likes2go

    Likes2go New Member

    7
    Feb 17, 2018
    2005 sea ray 280 sundancer
    4.3 mercruiser
    Seller has agreed to fix ... fingers crossed
     
  15. scoflaw

    scoflaw Well-Known Member

    Aug 10, 2011
    cape cod mass
    1999 Powerquest legend 260 sx
    502 mpi Bravo 1
    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.
     
    Last edited: Feb 21, 2018
  16. The Bill Collector

    The Bill Collector Well-Known Member SILVER Sponsor

    Jun 2, 2008
    Tacoma, WA
    450 Sundancer
    3126 Cat's
    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.
     
  17. Likes2go

    Likes2go New Member

    7
    Feb 17, 2018
    2005 sea ray 280 sundancer
    4.3 mercruiser
    The seller offered a respectable survey allowance so this week we first time boat owners! Thank you all for your help and insight!
     
  18. stg099

    stg099 Active Member SILVER Sponsor

    196
    Jun 30, 2013
    Chicago
    2004 280 Sundancer
    4.3 Mercs/Alpha
    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".
     
    Likes2go likes this.
  19. thosmann1

    thosmann1 Member

    89
    Jan 19, 2009
    Key west Florida
    500 Searay Sundancer
    Cummins QSM11's
    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
     
  20. NotHerDecision

    NotHerDecision Well-Known Member

    Jun 28, 2016
    Houston, Texas
    2001 Sea Ray 460 Sundancer
    2014 Seadoo 155 LTD
    2105 Seadoo 130 SE
    2013 Mercury Dinghy
    Cummins 6CTA 8.3L
    Congrats on your boat! Let’s see some pictures!
     

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