Calculated risk or just madness?

I would ask myself: why? Why such a big price drop? Why 'no survey? Why 'sold as seen'? Why 'complete on day of offer'. So many unusual terms that it stinks. IMHO of course.

There is no such thing as a 'bargain boat' - except the ones I bought of course! If the price is low, then it has been dropped by roughly what it will cost to put it to rights. Thats what every 'bargain boat' I ever bought (and most of them were) ended up costing me - and in one or two cases substantially more. The real cost has been much the same as a good example would have cost in the first place - saving me a load of work and hassle had I walked away and invested in a good one.

If the owner had dropped the price just to move it quickly - to pay for something else (new boat, car, divorce etc) then why all the other conditions? Completion day of sale, cash only, and particualrly 'sold as seen' all shouts to me that there is something wrong that will cost at least 30% or more the value of the boat to put right.

But then again I may be wrong and it may be he simply wants to put a deposit down now on something, and needs to raise the cash double quick.
 
Your understanding of the original post is different from mine. I think It is the buyer who is making the reduced offer and conditions that go with it to get the offer accepted. Your post seems to imply that the seller is making the conditions I assume the asking is £30K and the buyer hopes to get it for £21K
I could be wrong.
 
"Your post seems to imply that the seller is making the conditions"

Thats how I read it - but I could be wrong too!

In fact re-reading the OP - I think you are probably right! I'll stick my nose back in my pint pot then go back to sleep....
 
[ QUOTE ]
I am thinking about making an offer on a boat. The offer would be 30% below asking price for a quick sale, cash, bought as seen, no survey, complete on day of offer etc. I will have a survey done later and hope any work is minimal which I can do myself. The boat is on the market at £30k. Calculated risk or madness, comments please?

/forums/images/graemlins/blush.gif

[/ QUOTE ]

Depends on what the boat is worth. If you can judge that then no need for a survey, BUT I still think your offer would be no less attractive for saying:-

- Sign an agreement today (upon acceptance of offer), maybe throw in a £500 cheque as a Deposit in good faith.

- Subject to Survey, but only subject to finding no MAJOR faults (keel missing or riddled with osmosis etc). Anything else (worn this or non-working that) is down to you (which is why you need faith in your own pre-purchase inspection).

- Completion within 1 week of agreement being signed, (line a Surveyor up in advance of signing!).

If £20k is attractive to the seller, then a week is the same as "today". Of course knocking 30% off asking does not guarantee a bargain.........

Depending on the value, I would be happy to take this punt (after giving the boat a thorough look over) - but engines are my big weakness, so I would probably get a Marine Engineer involved and require a seatrial.....popped engine is a big ticket item, and I once had one go pop <u>on</u> a sea trial /forums/images/graemlins/shocked.gif......fortunately I was buying, not selling /forums/images/graemlins/ooo.gif ........so could (and did!) walk away with my cheque book still in my pocket!
 
Re: Calculated risk or just madness? [Re: sharkbait]

Saw from another thread you had your offer accepted. Did you cunning plan work ? - did you get a 30% reduction ?

I'm interested as I weighing up what i should offer on a well sought after 1982 bilge keel.


Chris
 
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