Monday, May 12, 2025

Seems everyone came to agreement that we have no reason not to buy this boat.

After some back and forth the next couple days the brokers convinced the sellers they needed to adjust the price a bit more. The boat had been marketed in turn key near perfect condition and was now barely operable with a few issues showing (I'm sure there are more hiding that will show up as soon as we take ownership :) ).  With all of this said the boat is still in really good condition, 95% of the items work as expected. It just has a lot of systems and a few of those need some love.

When we had agreed on the initial price I had pushed that I was not looking to use the survey for another round of negotiations but did expect everything to be in good working order. I felt somewhat disappointed that we needed to go back to the table for negoations again. Seems the sellers had a lot of trouble coming to terms that their baby had a few ugly spots. From what I heard the sellers broker may have been holding the phone about 3ft from his ear during that discussion. With some smooth talking the brokers got everyone to come to terms with a price we could live with.. both brokers agreed to cut their commission some to get to the price we were now proposing that would get a few of the major items from the survey addressed (dive compressor replaced, sail drive maintenance, 4 of the 5 AC units replaced, missing prop). Our one caveat was that the boat needed to be operable before we would close which ment the sellers needed to get the prop/propulsion issue fixed before any money would exchange hands.

A couple days later the sellers had a diver check it out and we had indeed lost a prop during the sea trial. They promptly ordered a new prop. Unfortunately this was not just any prop. It's a Gory prop which is short for German and expensive. Seems dealers don't just stock these, one has to order them for your boat. So needless to say we were going to missing the initial closing date planned for May 2nd. Everyone agreed and the date has now been extended to May 13th which now sounds like its going to slip as well due to shipping, customs, and our new tariffs. Fortunately this too also works out in our favor as Amy is crazy busy getting her Ice Show ready for this weekend, Max is still in school, and well I've been busy getting our Tug ready to launch doing all the fun projects like bottom paint that I've been putting off for as long as possible this winter. 

So bottom line is that if we had closed on the boat in early May we were going to have to find a dock and let it sit there until June when Max gets out of school so we can move it north of the magic line somewhere in Georgia or North Carolina that is above the hurricane zone making insurance significantly cheaper. I'm all for saving a few days of dockage costs/worry while earning a few extra dollars in interest while we wait.

More to come!

No comments:

Post a Comment