Boat offer

Thanks a lot for all of the input on BE and the phone. We are waiting to hear back from the seller/his broker. I am hopeful that everything will work out and we'll get a deal done on this boat. I'll keep you posted.

max
 
The offer to purchase should clearly specify what happens to deposit $$$$ under various conditions. It should also spell out who pays for what; that is, who pays for the haul-out, storage, survey, etc. Also it should contain language as to who holds liability should things go wrong during inspection, haul-out and sea trial.
 
Max

I agree with everything that has been said here. The language in your agreement is reasonable.

I would poiont our that you seem to be infatuated with or in love with this boat. Any time that I did this I got shorted since I overlooked too many diadvantages og that boat.
 
quote:

Originally posted by JoeShoes

Max

I would poiont our that you seem to be infatuated with or in love with this boat. Any time that I did this I got shorted since I overlooked too many diadvantages og that boat.






I appreciate your input. I agree that if you become in love with a particular item the probability of overpaying is high. After selling our past boat and beginning our search for the next boat in the fall, climbing on a multitude of boats at dealers as well as last week in Miami. We have decided on the make/model that best fits our needs. The only layout/vessel we liked better was a 44' riv which at $700k + falls outside of our budget. As far as the exact boat we have made an offer on, it is nicely equipped however if this deal does not go through we are actively exploring other options and have no problem waiting or pursuing other units on the market.

We'll see what happens...

max
 
a suggestion:

Given that you like this particular boat and you seem to have the ability to write using some detail, why not take the time to outline and state specifically what you would like to see happen throughout the survey. It is, after all, your offer.

Say what you would like to see happen and who should bear financial responsibility for that action, from sea trial to commissioning to launching, including what happens after the boat is run out; as in who pays to re-haul and re-winterize, if necessary. It is not necessarily true that the seller should pay for everything or that the buyer should pay for everything, but makes more sense to find some middle ground with each paying for a portion depending on what it is.

The point is to be as specific and complete as possible with each and every step. Oh, and please remember that it is not necessarily true that the language contained within a proposal to purchase is "standard" any more than "this is not how things work where they are". An offer to purchase is just that and is geography neutral, and while much is similar, it should also be as unique as you need it to be in order to express your specific requests.

So, good luck with this negotiation, and please keep us apprised.
 
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