What if the boat needs repairs or the valuation is less than the agreed price?
• All boats will have items requiring attention. In most cases these will not preclude your going ahead with the purchase. You either make the repairs or changes recommended, or if the costs are higher than you expected, they may be negotiated into the final selling price of the vessel, or accomplished by the seller. If our valuation is less than the previously agreed selling price you may: • Pay somewhat more than the “market value” if the boat fits your needs particularly well. • Renegotiate the selling price with the seller or broker. • Refuse the boat.. Your sales agreement or contract should include language that will allow you to cancel the contract if the survey is unsatisfactory to you.
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- What if the boat needs repairs or the valuation is less than the agreed price?
