Re escrow. When I bought Indigo it was on the hard and winterized. I had it surveyed on the hard. My broker arranged for a significant amount of the contract amount to be held, I think by him or perhaps with an attorney, until the spring when we could splash and test out the engine / transmission / instruments etc. Upon successful test the money was released to the seller. So while I was committed to the boat upon closing had there been something wrong, I would have had the money to fix it from the escrow account.
Jonathan -- Jonathan Trade Show Services Cell: (203) 395 0225 www.tradeshowservicesusa.com On Oct 6, 2012, at 22:13, "David Roberts" <drobert...@comcast.net> wrote: > [David Roberts] Wow great feed back! I do know how to run the engine out of > the water. I normally just stick the inlet hose in a bucket that I am > running a flow regulated water hose into. I just keep the buck full, works > great. But that won't let me check the engine under load I think I agree > that a putting the boat in the water is the best test of the engine. Rick, I > did mean to say Survey not appraisal I use the terms in place of each other > and I know they have some difference but I am not sure what they are. There > have been some surveys of the boat and I never asked to see them I don't > know if they are available. I will ask on Monday. There are 1,000 hrs on the > engine. Joel Aronson; Rigging Survey is a really good Idea, thanks. > Jonathan; I am not sure what you mean by " escrow to cover as much as you > possibly can" We are taking a mortgage on a property we currently hold the > deed to, even though there are closing cost it is still way cheaper over the > life of the loan to go that way. So the lender is not concerned with what we > are doing with the money. Can I set up an escrow with a local bank? And no > Joel it is not the boat on Spinsheet. After you made that comment I look it > up and wow $24K for a 1981 40'. The Boat I am look at is owned by a dealer, > they took it in on trade. The good thing is that they are willing to take my > boat in on trade for this one. So we are negotiating a trading difference. I > went on NADA and they are placing the Suggested List Price at $134,000 then > the low retail at $49,200 and the high retail at $55,720. Dose that seem > right to anyone? > > > _______________________________________________ > This List is provided by the C&C Photo Album > http://www.cncphotoalbum.com > CnC-List@cnc-list.com _______________________________________________ This List is provided by the C&C Photo Album http://www.cncphotoalbum.com CnC-List@cnc-list.com
