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How can I negotiate repairs or adjustments after a boat inspection St. Augustine with Sun Coast Marine Surveyor?
A marine survey is a detailed examination of a vessel, and it provides invaluable information to those looking to buy or sell a boat. After the survey is complete, it might reveal minor damages or deficiencies that require attention; when that happens, the owner has the right to negotiate repairs or allowances with the seller. This article will discuss how to go about this process in an objective manner.
First, you should be aware that the surveyor who performed the boat inspection St. Augustine with Sun Coast Marine Surveyor is there to provide an unbiased understanding of the boat’s condition. They are not responsible for negotiating any kind of resolution on your behalf. That responsibility falls solely on you and the seller.
It is important to note, however, that most sellers will have already factored in potential costs relating to items revealed by the survey into their sales price. In other words, if your survey revealed an issue that requires $500 in repairs, chances are the seller will not be willing to pay for those repairs out of their own pocket unless it is absolutely necessary.
In order to come away from negotiations satisfied with both parties involved, it is best to remain reasonable and look at as many angles as possible before dictating what needs to be done. The following tips can help ensure that all parties involved reach a fair conclusion:
1. Request repair estimates — One of the best ways to start negotiations is by gathering repair estimates from trusted professionals for any deficiencies that were revealed in the marine survey. This will give you an accurate idea of the amount of money needed to bring the boat up to its original condition, allowing you to create a realistic counteroffer if the seller does not meet your demands.
2. Research related boats — It is helpful to research recently sold listings of similar vessels to get an idea of whether the price being asked by the seller is fair considering any repairs that may need to be done. Knowing the market value of boats in similar condition gives you a good baseline of what range would be considered reasonable for discussion purposes.
3. Be open to compromise — Negotiations often involve compromise; it is important to keep an open mind and weigh out any potential solutions so that all parties are equally satisfied with the agreement made. For example, if you wish for the seller to take care of repairs while you still purchase the boat at full price, they may be open to reducing the asking price of the boat so that you can foot some of the bill.
By adhering to these three steps, both buyer and seller can come away from negotiations feeling more confident in their decision. A marine survey always has the potential to reveal issues that require attention, but that doesn’t mean buyers must accept them or sellers must bear all costs associated with fixing them. Being proactive and working together to find an equitable solution helps make sure everyone walks away with their interests respected and taken into consideration.r
