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Old 10-28-2013, 08:23 PM   #47
N4061
Guru
 
Join Date: Feb 2010
Posts: 1,161
Post Inspection / Sea Trial Update

A quick update to advise we received the inspection report along with appraised value of the boat. A few surprises with boat (one can consider this a good thing and why you pay for a high end inspector who knows the line of boats you are buying). Despite this boat appearing to be a 8 or 9 out of 10 he found things that Jeff and I missed. This is where things can get interesting for the buyer. Do you share the report which you just invested a $1K with the owner to help him understand what needs to be done with boat or keep it to yourself? I'm a honest person and not trying to hide anything so I authorized my broker to release a few pages of the report to the owner for his review. If this helps us meet in the middle then we have a deal, if not then we walk. At least I'll know I did the right thing and seller will know what he needs to do to keep his boat in top shape. I appreciate his time and effort on this transaction so I feel this is the right thing to do.
Probably the hardest thing to do is keep the emotion out of this phase of the purchase. After a year of searching and finally finding the right boat it is hard to walk away but all decisions need to be sound. Time will tell.....
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