Hi David
The way it has worked on my two boat purchases was that I made an offer,
conditional on good survey. Once the offer was accepted I paid a
deposit and arranged for a survey. The first time 'round the boat
didn't have any serious surprises and we went through with the purchase
as agreed, but with Secret Plans a few things came up that needed to be
addresses, so we were at the point where I could have walked away, or
negotiated - I negotiated the price down to compensate for the findings
and we did the deal.
In this case were I you I would:
- try to determine what a fair price would be - if it has been for
sale this long at this price then the price is too high for your area.
7 years is a long time to store a boat!
- make your offer, conditional on both a survey and on having the
engine OK'd by a qualified mechanic. Make sure you have time built into
your offer to get these done. That engine hasn't been worked in a long
time, and even without your comment about overheating I'd be worried.
- be honest with yourself about what the repairs and updates will cost!
- remember, don't fall in love with the boat before you buy it, if
there are hidden defects found by the surveyor do not ignore it!
good luck, hope it works out.
Graham Collins
Secret Plans
C&C 35-III #11
On 2014-09-25 8:37 PM, David Roberts via CnC-List wrote:
I have posted about this boat a few times to this list a got great
feedback, so here I go again. I am looking at a 1989 C&C 37/40 +;
7.25’ draft; two spreader, so we are talking about the cruiser not XL
or R, I am thinking still fast. Any how the boat needs new upholstery,
all new running rigging, the traveler is stiff even though there is no
load on it (mast is down.) I have not had a chance to look at the
sails yet but the description list them as:
Main (Sobstad, Dacron,) Good Condition
#3 Jib(North, Dacron)Like New
#2 Jib(Sobstad, Dacron) Good Condition
#2 Jib (North, Dacron) Excellent Condition
Cruising spinnaker with sock (North, Nylon) Good Condition
So I am thinking I may have to replace the Main soon, there is no
mention of a #1, Is that normal not to have a #1 on this boat?
The boat has not been in the water for 7 years. The deck and hull seem
to show normal wear as to what I would expect for a 26 yr old boat.
The engine looks like it may have been overheated at some point. The
teak and holly flooring in the salon area has been refinished and my
understanding is that the boat was not covered the first year it was
on the hard at the dealer and it filled the bilge and beyond with
water and ruined the floors. So maybe I should be concerned with the
hull If it froze. There are a large number of little repairs that need
attention. Lastly the stern looks like it has been bumped a number of
times so that rear edge needs repair.
I have been watching this boat for 2 years now, just as I started a
new business so buying a boat was out of the question four years ago.
I have been sure that someone would come along and buy it. Once they
move the boat inside to buff it out and give a good cleaning; made a
repair or two, when I saw it was gone my heart dropped. I later found
out that they did not sell it. Now that the business is coming along
and we can make the payment I am wondering why it has not sold. Maybe
it is the 7.25’ draft is an issue on Lake Michigan we are up 18’ this
year but the past 10 years we have been trending down. There are a lot
of smaller harbors you can’t get in with that draft. That is not a
problem for hardcore racers. They don’t go to those harbors, but I
don’t think they would be interested in the Std rig. We race beer can,
a few port to ports, and cruise.
They are asking $79K but I don’t think that is anywhere close to a
good number. I have been in my current boat for 15 years so it has
been some time sense I have been in the buyers chair. Do I get the
survey first, or make an offer and if it is accepted then get the
survey. But how do I determine a value without the survey?
I am interested in what others have paid recently for the same model
and what condition it was in. I am try to come to a fair offer.
David Roberts
(224) 280-6217
ddr1...@gmail.com <mailto:ddr1...@gmail.com>
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