So I was away for the weekend looking at other boats and enjoying our first days out after hunkering down at home since early March.
I have learned the following since my last post:
1. The salvage company does not own the boat - they are handling the auction on behalf of the insurance company
2. A 10% premium is payable to the salvage company based on the excepted winning bid
3. My marine broker is willing to accept a survey done on the hard as the boat may not be sea trialed in advance of the auction
4. The salvage company is willing to provide a reasonable amount of time to close with a 10% non refundable deposit
5. I looked at green hulled Selene over the weekend that had supposedly been repainted. The matt through was clearly visible but I’m not convinced that the prep work before painting was done correctly based on the overall condition of the boat
Still considering a low bid allowing for a $100k repaint, the 10% purchase fee to the salvage company and the cost of moving the boat to the east coast. Moving the boat is the most daunting given the auction timetable and our business related challenges as we are 18 months from full retirement.
Need to start investigating shipping costs from Washington State to at least the Florida East coast as well as identifying a good surveyor in the area.
Any TF forum member help On these 2 issues is appreciated
Have you considered leaving it on the West Coast for 18 months and then driving it home on the water? Incredible trip and you'll be retired. Half of that time will be rehabbing the boat anyway.