now youve got me thinking

[steveeasy]

Dont want to turn this in to a big issue. I am quite casual. Just sold my boat and the buyer would not pay me until he was on the boat checked everything. fine with me., makes sense. Im logged in to my bank just about to transfer the final payment. not a fortune but the price of a newish car. The broker told me yesterday the seller has to collect his stuff, but not when. I was not too bothered, I like to trust people and dont really ever get done. but perhaps I should be more cautious.

How would you deal with it. would you just pay the balance and hope everything was ok. Or would you pay the balance when you had checked all was well. I dont like being difficult. I viewed Tuesday. paid deposit Tuesday. signed contract Thursday and obviously the broker has phoned asking if im going to pay today which I was just about to do. but the very last post in the other thread got me thinking. Should I tread a little more carefully. i probably know the answer but dont want to be seen as being difficult.

What would you do

Steveeasy

 

[doris]

Once you pay the money, anything and everything on the boat is yours and the seller no longer has right of access. IMHO.

 

[clyst]

Keep your final payment in your pocket till you are completely satisfied all is well . ....When we bought our present boat the broker's sales blurb indicated that the main was brand new however on inspection it clearly wasn't but the broker advised that that one was the old main sail and that the new one was still with the sailmaker being made . ....... anyway so as not to hold up the completion of the sale I paid up in full...after all what could go wrong as the new main would be forthcoming shortly . True enough the new sail arrived within a few days but I was definitely not happy with it . Approached the sailmaker explaining my disappointment..... his reply was "sorry I have no contract with you " so basically bugger off . Approached the seller ....his reply was "I asked the sailmaker for a new sail and he has supplied it " . I approached the broker he said " check the small print on the blurb sheet .... we said new main supplied with the boat and it has been ..... typical broker sloping shoulders . So there you have it .... everybody saying they done their bit so I ended up with a rubbish new sail . Yea I know I could have probably taken the seller to small claims court but I didn't want to waste the summer messing about and still maybe not getting anywhere . As the saying goes ....once bitten twice shy . Never trust anyone involved in a boat purchase . Thats my advice .

 

[PhillM]

Hold the cash until you have done a final inspection post sellers removal of their “stuff”. It’s not being awkward, just sensible

 

[shortjohnsilver]

Yup hold the final settlement payment as clyst above advises. When I bought my current boat the inventory clearly showed two Genoas, one rigged and the other with the seller. The dealer advised that the seller stored the sail at his home and would place the outstanding sail aboard. So I paid and completed the purchase. However I couldn’t find the sail when I attended for the first time in our ownership. Spoke with the dealer who contacted the owner to chase and have the sail provided as indicated. Disappointed to be told that the seller had apparently decided that the sail was not fit for purpose and had ‘binned’ it! Really! Hold fire until you’re completely happy.

 

[Tranona]

Presumably you bought this boat without a survey, in which case it is your responsibility on completion to ensure the boat conforms to wnat was described in the contract before you pay the final amount. The seller then provides you with the keys and Bill of Sale in exchange plus any other key documents such as VAT receipt, if appropriate. Normally this process would take place with the broker in attendance, but the seller might also be there to answer any queries.

 

[steveeasy]

Presumably you bought this boat without a survey, in which case it is your responsibility on completion to ensure the boat conforms to wnat was described in the contract before you pay the final amount. The seller then provides you with the keys and Bill of Sale in exchange plus any other key documents such as VAT receipt, if appropriate. Normally this process would take place with the broker in attendance, but the seller might also be there to answer any queries.

Thanks. Ill arrange to meet the broker on site then and do a final check of inventory. ill also get confirmation of various documents before hand.

Many Thanks
Steveeasy

 

[KevinV]

Thanks. Ill arrange to meet the broker on site then and do a final check of inventory. ill also get confirmation of various documents before hand.

Many Thanks
Steveeasy

Absolutely - once you've paid your leverage has gone.

 

[ChromeDome]

Withholding funds is your best leverage and other parties' best incentive to execute, hence meeting the agreed T&C.

If T&C's were well and clearly formulated, that is.

 

[steveeasy]

Well its all probably wise words of wisdom. but what happened to trust. still probably wise to avoid disputes

steveeasy

 

[clyst]

There is no trust in business. Would you trust a car salesman . BTW I alway thought boaty people were a bit more trustworthy ...... but apparently not .

 

[Graham376]

Thanks. Ill arrange to meet the broker on site then and do a final check of inventory. ill also get confirmation of various documents before hand.
Many Thanks
Steveeasy

When we sold one of our boats, the buyer wanted it leaving in Conwy marina, berth paid for by him and all money in the bank. When I asked the marina-based broker to come down and check the inventory, just in case anything was nicked before the new owner turned up, he refused point blank as he didn't want any responsibility.

 

[steveeasy]

There is no trust in business. Would you trust a car salesman . BTW I alway thought boaty people were a bit more trustworthy ...... but apparently not .

[/QUOTE]
I suppose its about avoiding any possible complications.. Boaty people are more trustworthy we must not loose faith, it is what makes sailing a pleasant experience. However its always spoilt by random unpleasantness. I just sold my boat. I spent a day setting up the boat for the new owner putting all the sails on and dodgers, windvane sorting everything for him. we gave him a hot meal and free flowing beers. I stayed over to help him get out from a trying berth in the morning. sorted him with bits he needed. Just had a call and got sworn at by him because he has no oars, Nice, I specifically told him at the time of viewing and there were no oars on the sales particulars nor on the inventory. he also expected tools on the boat.

Its a shame and disapointing.

Steveeasy

 

[sailaboutvic]

I suppose its about avoiding any possible complications.. Boaty people are more trustworthy we must not loose faith, it is what makes sailing a pleasant experience. However its always spoilt by random unpleasantness. I just sold my boat. I spent a day setting up the boat for the new owner putting all the sails on and dodgers, windvane sorting everything for him. we gave him a hot meal and free flowing beers. I stayed over to help him get out from a trying berth in the morning. sorted him with bits he needed. Just had a call and got sworn at by him because he has no oars, Nice, I specifically told him at the time of viewing and there were no oars on the sales particulars nor on the inventory. he also expected tools on the boat.

Its a shame and disapointing.

Steveeasy
[/QUOTE]
That's life Steve , some times there no pleasing people .

 

[steveeasy]

Did a runner without paying the fees I’ve paid as well as agreed. I’ve forgot about it. More than one way to skin a cat.
Steveeasy

 

[Seven Spades]

What is in your contract? Normally, you make an offer if it is accepoted it sisubject to survery. You pay a deposit and the survey must be done within X days. The buyer is committed at this stage unless something terrible shows up that was not obviously at the time of offer. the suveryor will produce a list of defects that they seller must rectify or offer the buyer monitory compensation i.e. a reduction. Then the buyer must pay for the boat within Y days or the deposit is lost.

How this compares with your sequence of events I am not sure I suggest you read the contract that has been signed.

 

[steveeasy]

Don’t worry about the post above. Thread drift not relevant at all to the topic.
Steveeasy

 

[PetiteFleur]

Reminds me of when I bought our current boat - after I bought it, I removed 2 or 3 items that had obviously belonged to the previous owner. He actually broke into the boat by removing the screws holding the stainless strips either side of the companion way, lifting the boards out of the way. He complained bitterly to the broker who phoned me and said he wanted his TV back. I delivered it to the broker as I didn't want it, just removed it from the boat. And fitted security screws to the companion way.
Different to a friend who found an almost new inflatable dinghy in his boat after buying it - the seller did ask for it back but my friend said NO and he accepted that(and my friend then sold the dinghy to me!!)

 

[steveeasy]

Oh dear. Nothing untoward involving the buyer or seller here. Just clarification of the inventory. And the procedure at completion.

It’s just the detail. If it’s not correct it’s the broker. A tiny hiccup. No I’ll feeling. No crossed words. Everything is fine. I expect no more than is included on the buyers inventory.
Everything is hunky dory. Well apart from the Hotel.
Steveeasy

 

[James_Calvert]

Always room for a hotel rant thread drift if you're inclined?