ghostlymoron
Well-Known Member
As I said earlier, you can try what you like to reduce the price but the vendor has no obligation to accept at a lower price. In the end it's like any other deal.
Selling boat - survey and repairing deficiencies
- Thread starter roblpm
- Start date
JumbleDuck
Well-Known Member
Maybe, maybe not. There are cheap temporary fixes (battens to prop it up), economical alternatives (plywood panels) and like-for-like replacement. Like-for-like replacement is an expensive job done by a professional and a horrible job for an amateur. Been there, done that. Never again.
Jasonaldean
N/A
Hi everyone!
If you sale any product in the market then first of all you know about the product. For example: Market value of the product, Quality of the product, Design of the product, and most important thing is packaging of the product. Packaging is leading in the manufacturing industry. Because They introduce new design of packaging day by day
If you sale any product in the market then first of all you know about the product. For example: Market value of the product, Quality of the product, Design of the product, and most important thing is packaging of the product. Packaging is leading in the manufacturing industry. Because They introduce new design of packaging day by day
ghostlymoron
Well-Known Member
A buyer who proceeds to have a survey is obviously keen to proceed to complete the purchase and many will use the report to attempt to knock down the price. However, the seller is not obliged to do so and can put it back on the market saying that the asking price reflects these 'defects'. In the end there's no easy formula: the buyer must judge if it's worth the asking price and the seller must judge whether to accept or re marjet. Personally I've usually tried to negotiate a reduction based on the survey (not always successfully) but have always spent money on them after purchase.
UK-WOOZY
Well-Known Member
lol got my Jeanneau Sundream July last year from Clarke & Carter (burnham yacht harbour) last July. Boat had leaking windows, sagging headline throughout and was filthy. Itll sell if someone like me comes along and falls in love with the boat shape and sees it in summer when everything looks bright and sparkly and unable to view properly as boat was far to get to.... A years work down the line and im about to launch it! 
(boat was £10k)
(boat was £10k)
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sailorman
Well-Known Member
Thank you, very enlightening indeed :encouragement:
C08
Well-Known Member
I think one problem selling a boat is the expectations of the purchaser. When I bought my first sea boat I paid a deposit and commissioned a survey. The survey came without any major constructional faults or engine problems BUT there were dozens of small things that needed attention. My reaction was there was too much for me to take on and asked for my deposit back. The vendor refused as there were no major problems (used RYA Forms) and we had an impass, he was adamant that he kept the deposit and I was not happy. Eventually I wanted to go sailing so I paid the balance and had the boat. I did spend a lot of time fixing things and spent a little money but at the end of it I understood how the boat was constructed and how everything worked. I had the boat for twelve years and did nearly 10000NM so it worked out. The vendors viewpoint was that he was selling a 30 year old boat, my viewpoint was relaiant on the survey findings. One problem is that once a surveyor has said something needs fixing the insurance co will fix on that and demand action as a terms of insurance. All you can do is be honest in your descriptions, stick to the price you require...and wait. Good luck selling.
chrishscorp
Well-Known Member
Expectations of the purchaser...... The wife and I looked at three boats last week with a view of getting a bigger boat for the extra accomodation and increased cruising range/speed.
One boat we wanted a look at was sold, im not surprised, she looked a stunner
Looked at one of the others she was filthy inside, a couple of hours with a bucket of hot soapy water would have made a big difference, cosmetic i hear you say, I lifted the cockpit lockers and found the gas bottle floating in its locker in orangery brown putrid water that two thirds filled it been like it for months and months at a guess, just confirmed the gut feeling really.
One boat we wanted a look at was sold, im not surprised, she looked a stunner
Looked at one of the others she was filthy inside, a couple of hours with a bucket of hot soapy water would have made a big difference, cosmetic i hear you say, I lifted the cockpit lockers and found the gas bottle floating in its locker in orangery brown putrid water that two thirds filled it been like it for months and months at a guess, just confirmed the gut feeling really.
superheat6k
Well-Known Member
As buyer you are in the strongest position before you pay anything out.
I think the RYA standard contract is a very good base working document, but no reason why variations cannot be added.
I write in a new clause that overrides all others, to the effect that should I decide after the survey and / or sea trial that the boat is not for me I can reject the boat and receive a full refund of my deposit (less any direct costs incurred and not settled otherwise), and with no obligation to provide reasons why.
Bear in mind that you cannot sail a boat before offer, acceptance and deposit. You may find at sea trial that you just do not like the boat's motion, handling, whatever, or the surveyors findings concern you. I understand that joyriders are the reason why we insist on deposit pre sea trial, but this does not provide IMHO adequate opportunity for a serious would be buyer to withdraw. Joyriders tend not to stump up deposits.
Brokers and sellers may not like it, but if they want my cash then they have to agree it as it will be written onto the contract before I sign it, they sign it and certainly before I pay any deposit.
langstonelayabout
Well-Known Member
What are you blathering on about? This is a sailing forum, not a packaging forum.
langstonelayabout
Well-Known Member
I too have been the 'lucky recipient' of a buyer using the RYA wording. What a nightmare of paperwork considering I not only wouldn't but couldn't offer a warranty with the boat etc. I'm afraid that as a seller, I'm happy to answer your questions fully and honestly, but you really have to do full Due Diligence. It really is caveat emptor.
Having two viewers each commissioning surveys before offer was a pain too.
A deposit pre-sea trial is fine but before agreeing to a sea trial I'll want a documented list of the items that you are looking to confirm, with a measurable pass/fail criteria for each. Are you having an engineer check the engine oil? What is the pass/fail criteria for the test please?
As for the boat's motion and handling; you should have ascertained this before looking at that particular type of boat. A 'jolly' should not be confused with a sea trial and has no place within a sales transaction. The viewer should have got his/her 'jolly' with another owner previous to viewing and paid them in wine/beer, etc.
superheat6k
Well-Known Member
I doubt we shall ever agree on this. As I said if I am the buyer I am holding the strongest position, unless of course your's is the boat with the queue of would be buyers outside the Brokers office. The RYA contract does not provide for a warranty, and as I understand it a warranty only applies if the seller is selling the boat as a business transaction on his part.
The RYA standard contract also requires price and contract agreed and deposit paid prior to survey. If you agreed to this with would be buyers then this is a variation itself, that presumably you have agreed, to a standard RYA contract process. Nothing wrong with this, indeed I surveyed prior to offer on my purchase before my current boat.
That it did not work out for you is hardly a valid complaint after you agreed to this process.
Can you please explain how on earth anyone can undertake 'due diligence' on a boat, that to understand properly requires them to experience how it performs in its designed working element, if you are prevented from this very task by the seller. I have been around boats for just a few years and I certainly cannot tell how any particular boat marque, let alone a specific boat will perform, and what it will feel like. No one sensible buys a car without a test drive, so why should second hand boats be so different ?
Besides I am not sure how to quantify as a measurable quantity: "She just isn't the boat for me, Sorry".
As I said I am happy to pay any direct costs I may have caused the seller, e.g. haul out fees, even fuel for the trip out, but without a walk away clause within the contract then I would have walked pre-contract. That said having sold 7 and bought 8 boats so far I have never yet invoked the walk clause. I have too experienced would be buyers pulling my chain, some of them to the point of exasperation, indeed that is why I am happy to pay the brokers fee.
