Hull insurance is one thing, liability another. Especially when working across borders and walls.Been there, done that.
The survey would be mostly for the insurer. If I felt like having an insurer.
New-to-me boat-buying exasperation!
- Thread starter justsomeguy
- Start date
All good points Dave. A third reason why you want a certified experienced Surveyor (preferably with some serious bona fides on Island Packet boats) - you are serious about buying the boat do not want to waste your time, or be taken for a ride by owners who believe they have a beautiful boat, beautifully priced. You the self-professed Surveyor will have very little legitimacy if and when you find problems on the boat that must be adjusted prior to sale completion.
That engine that 'you could eat off of ' may be a little used, but obsessively detailed engine with a long history of neglected maintenance.
At the final sale survey/sea trial yes BUT not during your prior viewing and inspection. If you had a real Broker representing you she alone would have authority to supervise you and your inspectors and you would have freedom to ask questions, make honest observations, and have a frank conversation regarding the condition of the boat and possible remedies as part of your purchase strategy. In fact she would insist on it. If a seller's broker is present he would be running interference on any indication or suggestion that the boat was in anything other than 'as represented' condition.
jssailem
SBO Weather and Forecasting Forum Jim & John
- Oct 22, 2014
- 24,523
Just an opinion, "Justsomeguy", but 1993 electronics, if working is a bonus not an asset. I would discount all pre 2010 electronics as the same as the doors and drawers on the boat. They work or not. You are likely going to replace with in the next 2 years of ownership. My focus would be hull and deck condition (including thru hulls), standing rigging, engine, rudder and steering, hardware (what is there and what is missing), sails inventory and condition, Electrical systems, and plumbing. Those are the BigBuck sucking items in first year of ownership that stop you from sailing the new to you boat. All the rest is the fluff (20% items) that we spend 80% of our time drooling over.
Good luck. Always heard you could find good boats in San Carlos. Make it come true.
Good luck. Always heard you could find good boats in San Carlos. Make it come true.
Thanks, jssailem.
I sometimes wonder why people capitalize "broker" and "surveyor", as if these occupations deserve some type of reverence. Heck, I don't even capitalize the word "president".
I'll let the wife peruse this thread for anything she might glean from it. All y'all are being very helpful. Thank you.
Two points of view here.
1/If the seller doesn't want to go on the sea trial, why can't the broker go instead, as the owner's agent?
2/The IP 38 is somewhat of a known quantity. It has a pointy end, a rudder at the other, and sails that make it go. They don't have a reputation for capsizing at the dock or for exceeding no-wake speed limits either under sail or power. A sea-trial is not going to tell you much that you can't see from close inspection. If you can't arrange a sea trial, go the escrow route suggested above for any issues that may come up and you should be OK. You'll have the boat you want and the seller will have to pay (from the escrow) for repairing things you are concerned about that don't work properly.
1/If the seller doesn't want to go on the sea trial, why can't the broker go instead, as the owner's agent?
2/The IP 38 is somewhat of a known quantity. It has a pointy end, a rudder at the other, and sails that make it go. They don't have a reputation for capsizing at the dock or for exceeding no-wake speed limits either under sail or power. A sea-trial is not going to tell you much that you can't see from close inspection. If you can't arrange a sea trial, go the escrow route suggested above for any issues that may come up and you should be OK. You'll have the boat you want and the seller will have to pay (from the escrow) for repairing things you are concerned about that don't work properly.
Professional titles are capitalized to indicate credential and responsibility. Whether Broker, or Surveyor, the law imposes liability to represent the best interests of the client, you can avail of that contract, or not..and save 'reverance' for your prayers, this is all business.I sometimes wonder why people capitalize "broker" and "surveyor", as if these occupations deserve some type of reverence. Heck, I don't even capitalize the word "president".
The broker's not a sailor, per se. Truth be told, I don't think the guy I'm dealing with is even a bona fide broker. Just a minion in training.
This is looking more like the route to take. Big 'ol escrow to cover my a**. Thanks.
She looks great, doesn't she? And that bow thruster should help out on a slow tack.
I will be asking this question to all concerned parties, thanks.
Boats are bought and sold an awful lot down there (with the monetary transactions happening in the States), so I can't see this issue as being a new one.
TACK?? Are you implying that Island Packets can go UPWIND??? ;^)
Don't want to beat this to death but
http://www.latitude38.com/lectronic/lectronicday.lasso?date=2017-03-31#Story5
down the bottom of the article.
http://www.latitude38.com/lectronic/lectronicday.lasso?date=2017-03-31#Story5
down the bottom of the article.
If I saw the boat you are looking at sure doesn't seem like it is cheap enough to justify the risk. IP aren't that rare
http://www.marinersyachts.us/35--island-packet-cutter---1990
http://www.marinersyachts.us/35--island-packet-cutter---1990