13 Apr

Pre-purchase Conclusions

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So the estimates are still rolling in but there looks to be some serious cash involved. At this point the most likely outcome given that we still want the boat, is that the price will be reduced accordingly and we will repair what needs to be repaired.

    The major issues (in my mind) as it stands are:

  • re-pitch propellor (including hauling the boat and storage on the hard)
  • repair Webasto heater
  • repair hot water system
  • repair the hull damage
  • ensure the galvanic isolator is working
  • check/repair the strut bolts
  • replace the exhaust elbow
  • repair engine mounts
  • repair engine alarm
  • reapir forestay swivel

The broker’s list of major issues is much longer and probably more accurate, but I am defining major in this case as things I need resolved before committing to the sale and releasing the funds. I would also like to see the current owner kick in on sail repairs, some of the engine maintenance issues and fixing the issues with the hull blisters, but I/we have not yet determined/decided whether we/I would kill the sale over these smaller items.

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What we (by which I mostly mean the broker) are trying to do now is get final estimates from all the various trades and technicians and work out a plan. If we are pulling the boat to fix the hull and prop, then I might as well get her bottom painted at the same time and fixing the other smaller issues now will save having to do another haulout. But now is the busiest season as everyone is prepping their boats for summer. So maybe we take the cash and stash it away until fall and do the work then, but that comes at an additional cost that has to come out of someone’s pocket. Once the estimate numbers are in (which could/should be in an hour or two), the current owner will commit to his number and then. if Leslie and I like that number, we’ll agree and he will magically be transformed into the previous owner and we will own a boat.

It’s all an intricate dance of order and precedence and yet another reason that I am glad, in the end, to have been able to work with the broker throughout this process. Call me naïve if you want to (even though you shouldn’t) but I truly believe he doing the best deal he can for both parties. And I like that.

So there you have it. We will know in a couple of hours if there are going to be any more posts in this blog.

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