What if the yacht doesn pass survey?
Surveyors don’t pass or fail a yacht. They only report their findings and give recommendations and their opinion of fair market value. With this information supplied, you then decide if you want to accept or reject the yacht or renegotiate with the seller. Obviously, the findings and recommendations will also influence whether or not the insurance company will insure the yacht or the lender will finance it.
Surveyors don’t pass or fail a yacht. They only report their findings and give recommendations and their opinion of “fair market value”. With this information supplied, you then decide if you want to accept or reject the yacht or renegotiate with the seller. Obviously, the findings and recommendations will also influence whether or not the insurance company will insure the yacht or the lender will finance it.
