Todd, my post above was made before I saw the pictures. Sorry to see it looks like that.
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He'll be selling that boat real cheap if it is left like that. Start thinking here. How is that boat equipped. Big block? Gen? If not, I'd slow things way down and think about this.
The owner knows that, or will soon learn it, so take his pants off and have fun restoring a great boat.
Dude.........don't quit or give up. All that has happened is that you have more answers now than before and its time to get creative with the negotiation.
One fact is for sure.....and you get the benefit of it.........is that once you survey a boat and get a bad result, it completely kills the potential sale of the boat to anyone. The owner knows that, or will soon learn it, so take his pants off and have fun restoring a great boat.
That's great news. Assuming everything else goes well, I would have the seller open a work order with the dealer for the discrepancies to be paid prior to or simultaneously at closing. You and the seller could also sign an acceptance on the boat subject to the agreed upon items being repaired at the seller's expense.
Todd,
Since you are replacing the drive a transom assembly, you may want to ask if a SeaCore Drive is compatible with your engine, shifter and etc. If so, see how much extra $$$$. May be worth it in the long run. Then again it may not be. Also are you planning on shooting the hull and deck with a moisture meter?
BTW, Any of you that have your O/D in the water I have proof postive of another boat I It looks like new, it's 3 years old and the owner has the mercathode system but also smears Desitin all over the drive every 3 months. The Desitin(yes baby bottom cream) has zinc in it and yes, does work.