LadyG Posted June 15, 2017 Report Share Posted June 15, 2017 (edited) OK, I am not sure if I have to survey, boat has just had a major professional re fit, ie not a lick of paint to cover the cracks. I suspect if I offered cash today,, with no conditions, Id get a good boat tomorrow at 5K under asking price. The asking price of a bit over £35K seems reasonable, the refit must have cost £10 to £15k Its not a well known sales company [w.................] Edited June 15, 2017 by LadyG Link to comment Share on other sites More sharing options...
Athy Posted June 15, 2017 Report Share Posted June 15, 2017 2 minutes ago, LadyG said: OK, I am not sure if I have to survey, boat has just had a major professional re fit, ie not a lick of paint to cover the cracks. I suspect if I offered cash today,, with no conditions, Id get a good boat tomorrow at 5K under asking price. Its not a well known sales company [w.................] Fingers, eyes and legs crossed! Is this one of the boats which you have previously featured in these pages? Link to comment Share on other sites More sharing options...
LadyG Posted June 15, 2017 Author Report Share Posted June 15, 2017 (edited) 4 minutes ago, Athy said: Fingers, eyes and legs crossed! Is this one of the boats which you have previously featured in these pages? nope. It is a Colecraft Survey 2012, ]5 years ago], is available. Edited June 15, 2017 by LadyG Link to comment Share on other sites More sharing options...
rusty69 Posted June 15, 2017 Report Share Posted June 15, 2017 32 minutes ago, LadyG said: OK, I am not sure if I have to survey, boat has just had a major professional re fit, ie not a lick of paint to cover the cracks. No, you don't, but why wouldn't you, unless you think it will go quick. Have you cash waiting or is this still research? A five year old survey could be worthless. Link to comment Share on other sites More sharing options...
LadyG Posted June 15, 2017 Author Report Share Posted June 15, 2017 (edited) 20 minutes ago, rusty69 said: agreed. I can offer a discount price today, I accept and carry a risk. If I , survey ect etc, it will be less risk, but it will be £5K more Edited June 15, 2017 by LadyG Link to comment Share on other sites More sharing options...
Alan de Enfield Posted June 15, 2017 Report Share Posted June 15, 2017 (edited) Congratulations on selling your house (you did say that buying a boat was conditional on the house sale) - if you don't get this one will you be homeless ? If you can buy it for £5K less without a survey - seller obviously has reservations ad he is building in a 'negotiation' factor for if you do have a survey and find £5k's worth of work needs doing. Caveat Emptor Edit fr missg lttrs Edited June 15, 2017 by Alan de Enfield Link to comment Share on other sites More sharing options...
Jo_ Posted June 15, 2017 Report Share Posted June 15, 2017 I'd wonder why the seller would take £5k off (a big discount) for the sake of a couple of days and if the boat's a good 'un. Try offering a deposit and the discounted price subject to survey. 1 Link to comment Share on other sites More sharing options...
LadyG Posted June 15, 2017 Author Report Share Posted June 15, 2017 2 minutes ago, Alan de Enfield said: Congratulations on selling your house (you did say that buying a boat was conditional on the house sale) - if you don't get this one will you be homeless ? Edit fr missg lttrs I can back out of my sale, or drag my feet. Link to comment Share on other sites More sharing options...
Naughty Cal Posted June 15, 2017 Report Share Posted June 15, 2017 8 minutes ago, LadyG said: agreed. I can offer a discount price today, I accept and carry a risk. If I , survey ect etc, it will be less risk, but it will be £5K more You can get a discount and get a survey as well though. If you are happy to risk £30k on a potential lemon though go for it. 4 minutes ago, LadyG said: I can back out of my sale, or drag my feet. And risk losing your buyer? Why would you do that? 1 Link to comment Share on other sites More sharing options...
Alan de Enfield Posted June 15, 2017 Report Share Posted June 15, 2017 3 minutes ago, LadyG said: I can back out of my sale, or drag my feet. That's all right then. I was under the impression that the Scottish house buying / selling system was a little more formal than that. Link to comment Share on other sites More sharing options...
LadyG Posted June 15, 2017 Author Report Share Posted June 15, 2017 1 minute ago, Jo_ said: I'd wonder why the seller would take £5k off (a big discount) for the sake of a couple of days and if the boat's a good 'un. Try offering a deposit and the discounted price subject to survey. If he agrees to a price subject to survey, and the survey suggests £1K needs to bespent, he is lookig at a discount of £1j I think his sale price expects £1950 off, so that he can take a solid offer this week, or wait for an unknown buyer to give him £35 k t some unknown tme. So, I think, i am offering him cash today, no risk tomorrow. Link to comment Share on other sites More sharing options...
Naughty Cal Posted June 15, 2017 Report Share Posted June 15, 2017 3 minutes ago, LadyG said: If he agrees to a price subject to survey, and the survey suggests £1K needs to bespent, he is lookig at a discount of £1j I think his sale price expects £1950 off, so that he can take a solid offer this week, or wait for an unknown buyer to give him £35 k t some unknown tme. So, I think, i am offering him cash today, no risk tomorrow. Your numbers seem very specific! How do you know he expects £1950 off? Link to comment Share on other sites More sharing options...
LadyG Posted June 15, 2017 Author Report Share Posted June 15, 2017 (edited) 59 minutes ago, Alan de Enfield said: That's all right then. I was under the impression that the Scottish house buying / selling system was a little more formal than that. if only, but this is not a standard house sale, it would be a cash transfer and the cash buyer gets a good discount, and a house, I get the cash, but less than the market dictates.. Legalities are just legal hurdles, 55 minutes ago, Naughty Cal said: Your numbers seem very specific! How do you know he expects £1950 off? I know that he wants £35000, so he asks £36950 He has to pay broker commission, which might be £1500, so, the if vendor wants to sell, and I want to buy, he might take the money. Could be an executor of a estate. He can refuse of course and I can find another boat. Edited June 15, 2017 by LadyG Link to comment Share on other sites More sharing options...
Naughty Cal Posted June 15, 2017 Report Share Posted June 15, 2017 How? Link to comment Share on other sites More sharing options...
LadyG Posted June 15, 2017 Author Report Share Posted June 15, 2017 (edited) 4 minutes ago, Naughty Cal said: How? price advertised is £36500, and generally vendors allow for a bit of bargaining. Edited June 15, 2017 by LadyG Link to comment Share on other sites More sharing options...
LadyG Posted June 15, 2017 Author Report Share Posted June 15, 2017 20 minutes ago, Jo_ said: I'd wonder why the seller would take £5k off (a big discount) for the sake of a couple of days and if the boat's a good 'un. Try offering a deposit and the discounted price subject to survey. The above suggestion would be standard practice, nothing wrong with that. Its not a couple of days. A cash deal today [well 20 days] v an offer subject to survey, ie the buyer can drop out for any reason. and more likely he will want a discount to pay for any essential work. The vendor has to weigh up a £2k drop in desired selling price when purchaser may drop out. v a quick sale at a fixed price. Link to comment Share on other sites More sharing options...
rusty69 Posted June 15, 2017 Report Share Posted June 15, 2017 Just make sure you have a contingency fund if you buy cash without a survey. Link to comment Share on other sites More sharing options...
LadyG Posted June 15, 2017 Author Report Share Posted June 15, 2017 (edited) 27 minutes ago, rusty69 said: Just make sure you have a contingency fund if you buy cash without a survey. yes np. I have continengcy either way, ty I am not buying any type of questionable project, and would have to be v unfortunaate to find something with glvanic corrosion, and I avoid things sitting in a marina on metal piles. There is always a risk, even with a survey. Edited June 15, 2017 by LadyG Link to comment Share on other sites More sharing options...
Machpoint005 Posted June 15, 2017 Report Share Posted June 15, 2017 It's a gamble, no more, no less. Forget how much you might win: the only question is how much you are prepared to lose. 2 Link to comment Share on other sites More sharing options...
LadyG Posted June 15, 2017 Author Report Share Posted June 15, 2017 (edited) I would only buy something which looks like it was not a gamble worse case scenario, i lose the lot, best case scenario. i double my money, both unlikely. Edited June 15, 2017 by LadyG Link to comment Share on other sites More sharing options...
Machpoint005 Posted June 15, 2017 Report Share Posted June 15, 2017 2 minutes ago, LadyG said: I would only buy something which looks like it was not a gamble There's your answer, then, Walk away. Link to comment Share on other sites More sharing options...
Laurie Booth Posted June 15, 2017 Report Share Posted June 15, 2017 5 minutes ago, LadyG said: I would only buy something which looks like it was not a gamble worse case scenario, i lose the lot, best case scenario. i double my money, both unlikely. Go for it. Link to comment Share on other sites More sharing options...
LadyG Posted June 15, 2017 Author Report Share Posted June 15, 2017 (edited) 7 minutes ago, Machpoint005 said: There's your answer, then, Walk away. It loks like a super boat, why should I walk away, it could be surveyed today and still have a major problem tomorrow. Essentially you are suggesting thevendor knows that a new buyer will come along next week, pay him the full price, then in that case it is the vendor who is gambling, in my eyes. Edited June 15, 2017 by LadyG Link to comment Share on other sites More sharing options...
Machpoint005 Posted June 15, 2017 Report Share Posted June 15, 2017 1 minute ago, Laurie.Booth said: Go for it. Betting with somebody else's money, Laurie? Link to comment Share on other sites More sharing options...
Athy Posted June 15, 2017 Report Share Posted June 15, 2017 CWDF at its best: two sincerely offered and diametrically opposed pieces of advice! Link to comment Share on other sites More sharing options...
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