An Australian perspective.... brokers will always get you to sign a document in the sellers favour and pay a deposit prior to any sea trial. I did this once 20 years ago.
Subsequent boats have always had an agreed price, deposit paid and my own contract that simply states that I solely have the right to determine if the boat is acceptable and is not dependent on any surveyors report.
In the case of our Hatteras I was only interested in the mechanicals... everything else could be fixed. I'd had 15 years with 8v92s so knew what to look for. The surveyor I chose mostly did small sailboats and I led him through the Hatteras.
The owner took us for a 2 hour run at 1600RPM which was enough to run up the turbos and see any obvious issues. Perfect. In the 5 years since the boat left the USA, it had run only 90 hours in Melbourne. Clean oil, 5 new bilge pumps and we were away, Never looked back. All the mechanicals and electricals are now done. We had the yard start to quote today on external cosmetics, deck painting and repair of flybridge lounges which have some moisture deterioration.
I guess it also comes down to how much you want the boat. I was lucky and got the right boat at the right time at the right price. Its been a great four years and the next two years will give us a cosmetically completed boat. The engines and gearboxes are where to look first.
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Thread: 1980 53' ED for sale
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11-27-2019 05:38 AM #21
Re: 1980 53' ED for sale
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1984 61MY #353 with 9' cockpit extension.
Sydney, Australia.
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Re: 1980 53' ED for sale
Jonathan Brein
1982 43' DCFB #550
"Paragon"
Chesapeake, Virginia
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Re: 1980 53' ED for sale
It all depends on the situation. Couple of years ago I went to meet broker and potential buyer for a johnson 70 I used to run. I could tell Buyers were really interested but they were flying back to California the next day and there was no time to get a contract, deposit etc as their broker was out of town. They wouldn’t be able to come back for surveys so the next morning we did a quick sea trial. We may have used 40 gallons of fuel... no big deal on a $600k sale and there was plenty of fuel in the tank which would go with the boat anyway. I didn’t even charge the owner for my time..( I enjoy a nice boat ride). That sea trial sealed the deal and they bought the boat.
Each case is different.Pascal
Miami, FL
1970 53 MY #325 Cummins 6CTAs
2014 26' gaff rigged sloop
2007 Sandbarhopper 13
12' Westphal Cat boat
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Re: 1980 53' ED for sale
I just scheduled a survey on a 1994 70 Hatt cockpit Motoryacht . I have been helping the buyer find a boat to buy and he finally got an accepted offer after over 6 months of negotiation. Our Detroit guy here in San Diego is going to do a 2 day engine survey on the boat and it will take me about a day and a half to do the survey, sea trial and haul out. I suggested again that they do the mechanical first but not to be the case. Doing survey and mechanical at the same time. Education takes a long time. John
Mahalo V
1974 53 Motoryacht
Hull Number 406
San Diego, Ca. Ready 32 Nordic Tug, Brunswick Ga.
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11-27-2019 06:14 PM #25Senior Member
- Join Date
- Dec 2014
- Posts
- 412
Re: 1980 53' ED for sale
So, if the sea trial is a failure is the deal off ? Lots of money spent .