Sailboat Survey Redux

First,,,,yeah, the little blog that could has TWO followers, THANK YOU, I have no idea how to get people to read this or if people even would read this, but I don’t care cause I’m writing anyways.  If you can suggest this to more folks who may want to follow my little blog, I’ll give you a lollypop.

As I alluded to in the last post, we took the plunge; making an accepted offer on a cruising sailboat, plunking down the big deposit and getting our broker to schedule the survey, haul-out and sea trail on the same day.  What an awesome day it was for me personally, because Michelle had obviously agreed to buy a boat and was mentally there (a HUGE step) and we were going ahead with a boat that had everything I thought I want on a cruising sailboat and didn’t have to buy it in cash, it could be had on the boat already as part of the loan package.

So, on Tuesday the 11th of November we took the long drive to San Diego for the day, getting to the boat a bit late but better than never.  For the survey, I had hired who I thought was one of the best surveyors in town as well as the recommended surveyor from the website.  BoatUS says you must use their recommended surveyor for the specific area and they have a good list on their website.  I have wanted to hire this surveyor for awhile, as I like the fact I was able to go on their website and read completed sample survey’s, giving me material to get a baseline from their completed survey examples.  I used Christian and Co. Marine Surveyors and upon meeting our surveyor the morning of Tuesday the 11th, I was impressed and relieved because he was already at work,  a no-nonsense guy who simply wanted to knock out the job. My broker, who works for Yachtfinders-Windseakers in San Diego was there too as well as the buyer and his agent.

The survey has always been spelled out in everything I’ve read as one of the most aspects of the boat buying process, I disagree.  Getting the survey done (and done well) is easy, there’s surveyors who will travel anywhere in the world to work.        I think the most important thing in the boat buying process is actually financing, but I digress.   The survey took all day,,,as he was surveying a 45 foot cruising boat that is 25 years old.  Although in one of the best marina’s in San Diego and maintained by a diver monthly, the rest of the boat wasn’t maintained as well, as a bit of the preventative maintenance had slipped.  The survey revealed lots of minor details that I could have easily fixed, but when the forward geneker on roller furling didn’t budge during sea trial,,,bad juju.  The rest of the sea trial went fine, but started us to thinking a lot about the value of the boat.  Despite a great haul out, decent sea trial and complete survey, the fact remained that the survey found the boat’s worth to be $15k below what the owner and us agreed to in the accepted offer,,,and the surveyor sent a separate note to let me know his estimate was on the high side as it was.   In the end, after a few days of thinking about it, we just couldn’t justify the difference in price and were not emotionally invested to the point we HAD to have the boat,,,thus it was time to make that big boy decision.

In one of my favorite books, “18 Endless Summers of Sailing” the authors talk about their search for the boat that would eventually become theirs and the various selling experiences they had while waiting for her to sell, so I guess my experience isn’t unique,,,,the search will continue.

Advertisements

4 thoughts on “Sailboat Survey Redux

  1. Pingback: Trying to buy a Wauquiez Amphitrite 45 | Live Free 2 Sail Fast

  2. Pingback: My semi-rant about unmotivated sailboat sellers! | Live Free 2 Sail Fast

  3. I too like the Amphetrite 45. I also went to see the one in San Diego and it was the same story. They wanted a high price for a sadly very well equipped but very neglected Amphetrite 45. Also, the sellers could not give any consideration to the actual value of the boat and did not budge from their over priced listing. While I fell in love with the boat, it did not work out for me since it just needed way too much to bring it up to the world class cruiser it could be. Good luck in your search for a boat/.
    There appear to be several in Europe and most are apparently being well maintained

    Liked by 1 person

    • Steven, there’s an Amphetrite for sale with Yachtfinders that’s still there. You may want to talk to my broker there, Mr. Clark Hardy who’s excellent. But, read my article about the same boat. Needs a new engine but you could probably price that into the offer for the repower. Great to hear from you, thanks for reaching out. I knew a Steven or Stefan Bein in my last job, he was very senior to me and probably isn’t you. Keep up with us, glad to be able to share my blog with you-

      Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s