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  1. #21

    Re: 1980 53' ED for sale

    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.
    +++
    1984 61MY #353 with 9' cockpit extension.
    Sydney, Australia.

  2. #22

    Re: 1980 53' ED for sale

    Quote Originally Posted by Photolomy View Post
    That isn't a commitment. The alleged buyer would have to convince me that they want to buy the boat, and not only buy the boat, but buy it at a price I am willing to sell it at. If that isn't established up front, then what is the purpose of going any further? Offers are hardly binding, but they at least establish that, and the deposit establishes commitment.

    To ask the seller to arrange a sea trial without any commitment (to the purchase of the boat) on your part is asking a lot. Wouldn't you be a bit leery of a buyer that can't even make a deposit? Won't or can't, it is the same the same difference to the seller.

    All we were saying is to make the offer contingent on a sea-trial prior to the survey, so that you are not out the money for a survey of a boat that can't even run. Don't be rushed by the seller to do it all the same day. And prior to the offer, inspect the boat thoroughly yourself. Again, don't be rushed by the seller.

    Getting and accepting an offer is a big deal, and any honest seller will have no problem with a sea trial prior to the survey, and a second sea trial during the survey (which shows even more commitment).

    I don't think it is the cost of fuel on the seller's mind. It is the waste of time.
    Prometheus,

    Nice post...I especially like insisting on a sea trial prior to a hull and mechanical survey and a second real sea trial.

    In all of my years of buying and selling boats I see no reason why this could not be done.


    Jon
    Jonathan Brein
    1982 43' DCFB #550
    "Paragon"
    Chesapeake, Virginia

  3. #23

    Re: 1980 53' ED for sale

    Quote Originally Posted by edward View Post
    I know you cannot give joy rides to every tire kicker ,but if the potential buyer were to pay for a sea trial (captain,fuel) before making an offer , Looks like it would speed up the process. You can survey etc,sign papers etc,but if the boat will not perform , everyone waste time ?
    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

  4. #24

    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.

  5. #25

    Re: 1980 53' ED for sale

    So, if the sea trial is a failure is the deal off ? Lots of money spent .

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