oilyrag
Well-Known Member
Yup well done. It is only important that you are happy with the deal - now you can get on with the serious business of spending the rest of the kids' inheritance!
Price Negotiations after Survey
- Thread starter robmcg
- Start date
jwilson
Well-Known Member
There are a lot of variables. Did the owner know about the blisters/keel? Did he or the broker tell you? The reduction varies, but a 50/50 split is not uncommon, as after the work has been done the boat will be in better condition than when you first saw it and made the offer.
If you do go ahead get the keel done this winter, and leave the blisters till next winter. The hull could take 4-5 months to dry properly, so don't start now. The blisters probably won't sink it for another 20 years even if they're left untouched.
If you do go ahead get the keel done this winter, and leave the blisters till next winter. The hull could take 4-5 months to dry properly, so don't start now. The blisters probably won't sink it for another 20 years even if they're left untouched.
robmcg
Well-Known Member
As a footnote, I forgot to mention that the most important thing in doing the whole deal was having a fantastic broker. I'm sure I can hear the gasps from here but yes the broker did a sterling job on this deal and never ever put me under pressure to buy when the deal wasn't right for me. In this circumstance, he really earned the comission because we were back and forth for over a month with this. I was pleased with his attitude because previously I had been let down by a broker in Southampton who just never got back to me after I had put an offer in. (well he did speak to me 10 days later after I rang and e-mailed him, only to tell me that the boat was under offer to someone else who put in an offer after me!!). Strange situation because if pushed I would have gone pretty much to asking price on that one. Just to let Jonic and John know - yes it was an ABYA contract and no I don't think the owner knew about the blisters or the keel issue as she was still in the water when I first viewed her.
john_morris_uk
Well-Known Member
Congratulations on your purchase.
A quick reponse to a comment by PeterGibbs [ QUOTE ]
Consider this, there is hardly a more potent reason for a future buyer turning away from a boat than one that has had extensive treatment for osmosis; if you accept any compromise now on the cost of making good to professional standards, you will cetainly pay for it when you eventually sell on yourself!
[/ QUOTE ] I disagree. Profoundly! If I knew that a boat had osmosis in the past, but had been peeled, dried and treated/epoxied to a satisfactory standard, I would have NO qualms about buying the boat. In fact one might argue that the value has been enhanced as the materials used in the repair are likely to have been higher quality than the original gel-coat/grp. Conversely, a boat that hasn't been treated and which isn't suffering from the boat-pox now might be seen to be a time-bomb waiting to go off (in an osmotic way). A boat that has had osmosis, but which is now dry and problem free is not like a previously crashed car with 'history'.
Our rudder has osmosis, but as the surveyor said, the whole grp bit could fall off, but there's a big stainless plate inside and we would carry on steering with that as a rudder if mid ocean. However as the GRP bit isn't going to fall off through osmosis, one day I will get round to stripping and vacuum bagging the thing, in the meantime...
A quick reponse to a comment by PeterGibbs [ QUOTE ]
Consider this, there is hardly a more potent reason for a future buyer turning away from a boat than one that has had extensive treatment for osmosis; if you accept any compromise now on the cost of making good to professional standards, you will cetainly pay for it when you eventually sell on yourself!
[/ QUOTE ] I disagree. Profoundly! If I knew that a boat had osmosis in the past, but had been peeled, dried and treated/epoxied to a satisfactory standard, I would have NO qualms about buying the boat. In fact one might argue that the value has been enhanced as the materials used in the repair are likely to have been higher quality than the original gel-coat/grp. Conversely, a boat that hasn't been treated and which isn't suffering from the boat-pox now might be seen to be a time-bomb waiting to go off (in an osmotic way). A boat that has had osmosis, but which is now dry and problem free is not like a previously crashed car with 'history'.
Our rudder has osmosis, but as the surveyor said, the whole grp bit could fall off, but there's a big stainless plate inside and we would carry on steering with that as a rudder if mid ocean. However as the GRP bit isn't going to fall off through osmosis, one day I will get round to stripping and vacuum bagging the thing, in the meantime...