Mark, In response to your original question, here is a copy of the wording that appeared in my offer for Imzadi regarding the survey. This was part of a preprinted offer form used by the broker in Norfolk, but I don't know if it is the standard AYBA form that Colin referred to.
In a paragraph labeled "Additional Provisions" this was added: 1) Offer is subject to a survey as detailed in paragraph 3. 2) Vessel as delivered to include all equipment as listed in the attached description. Paragraph 3 says: 3. This offer is made for the vessel "as is. where is" unless otherwise provided by additional provision hereto. subject to survey, if desired by Purchaser, by Purchaser's surveyor and at Purchaser's expense (including hauling), provided such survey is made on or before ________________ (If no survey is desired by Purchaser, write "no survey desired" in lieu of a date.) Purchaser may rescind this purchase prior to settlement if such survey discloses items missing, or requiring repairs or replacement, if such items are essential to normal operation of the vessel, the reasonable safety of persons on board having due regard for what is normal for similar vessels, or for obtaining normal financing and/or insurance or failure to supply, repair or replace such items will materially reduce the value of the vessel below the purchase price herein. In the event Purchaser chooses to rescind for any of the grounds above provided, he shall give written or telegraphic notice to the Broker at Broker's place of business no later than _____________ , and if such notice not received by the Broker on or before such date, Purchaser will be deemed to have accepted the vessel. Failure by the Owner to complete the aforesaid, by the settlement date above, shall free the Purchaser of all obligation hereunder and shall entitle him to have returned all monies paid by him as deposit as provided by and subject to paragraph (8) Hope all that helps. Based on experience - get the survey done, starting with a sea trial and inspection of the mechanical systems before the boat is hauled. You will be liable for the expense of the survey and the haul, though you might be able to negotiate a discount on the cost of the haul depending on how badly they want to sell the boat. Any idea how long the boat has been for sale, or how anxious the owner is to sell? That could be a big factor in your offer price. Two friends who are both boat brokers have told me that, at least in the Carolinas and seemingly lower Virginia, older boats are frequently selling for about 1/2 to 2/3 the prices being asked on Yachtworld. They regard the Yachtworld pricing to be unrealistic in the current market, and think a lot of the boats there are ones that are overpriced and consequently have been sitting for a while. There is a really nice - bordering on immaculate - C&C 30 at the club where I keep my 25. The owner bought is early last summer for under $9k. There is also a late 70s C&C 30 in my area that is a solid boat that has had some recent upgrades but needs cosmetic attention and updated electronics. The seller is asking $9k, but has told me he actually hopes to get 8. IIRC, you said the boat you're looking at was on Yachtworld at $15,900, and you were thinking of offering $14. Have you considered offering something like 10 or 12? Boat brokers are probably a lot like real estate brokers, in that the asking price is higher than the desired closing price in order to allow negotiating room. The broker who recently sold my second home added 11% to the target closing price to establish the listing price. (And the real estate market is such that the final closing price was still 3% below the target.) If the boat broker added 10%, and the listing is for $15.9, then the desired selling price could be somewhere in the range of $14.5. If the owner has had the boat listed for a while, he may also be feeling the pressure of monthly dockage and insurance - which could easily be $2 or 3K if he fails to sell the boat in the next few months of the spring selling season. Consider that if you offer something lower - say $12 - one of two things can happen. They might counter and you can always negotiate up. Or they take it, you cover the cost of the survey and haul ( and maybe a part of your get ready expenses) as part of your perceived value of $14. As always, YMMV. Rick Brass Washington, NC -----Original Message----- From: CnC-List [mailto:cnc-list-boun...@cnc-list.com] On Behalf Of Dr. Mark Bodnar Sent: Sunday, April 07, 2013 6:02 PM To: cnc-list@cnc-list.com Subject: Re: Stus-List C&C 30 - cont - how to make an offer That's pretty much what I'm thinking - I'll make an offer, if something big comes up and they don't want to fix it then I'll move on. Any one know a good surveyor on Long Island? What about cost for a survey for a 30' boat - inc rigging and engine? Boat is currently in the water, so I'll likely have to get it pulled out to see the bottom and keel as well. Not sure if the brokers yard will charge me for that or if they do it to get the sale?? Mark _______________________________________________ This List is provided by the C&C Photo Album http://www.cncphotoalbum.com CnC-List@cnc-list.com
