Actually, if you were unemotional, you wouldn't take it personally. You'd work out a price and buy the boat. It's the same as houses, the PO doesn't come with the title. Having said that, I might react the same way.

if you are getting a loan, most lenders will look at the nada value & then lend 80-90% against that. it may not matter to the seller, but will to lender.

if this is the bullet on loto, there is a surveyor in osage beach that is accredited. he did our cafe & i think did a fair assessment of the boats value. it fell right in line w/ the nada value which our lender used.

I'm pretty sure I know what boat you are talking about, and I believe it's been for sale for like 2 years.

Between these actions and the seller's post complaining about the surveyor expecting to sea trial, it looks like it's more than just the "bold" graphics keeping it from selling.

But I guess the guy in Fl with the non-updated bullet for $79K is reinforcing his ideas on pricing.

I just purchased a '88 Bullet a in the last couple of months, and I can tell you that financing an older boat is a tough process. Most lenders saw the age and immediately said no. The survey I got was great, but the boat was in great condition, and I had a really good surveyor, that took the time to know the boat (owner was available). This was one of the hardest transactions I have done (bank/insurance), but the only thing that made it really go perfect was the owner. Steve H was AWESOME to deal with; throughout the process he was patient and went the extra mile to make sure we'd love it.

We got lucky, and I got the boat I really wanted.

Ona-Mission
Bottom line is: You agreed on a price after negotiations right? If you could afford it then why did it take some surveyer (or your wife?) to tell you it was too much. The seller has a point I would be upset as well- you backed out of the negotiated price the deal. You suck!

He never claimed the price was too high, and agreed it's a nice boat, and wanted to buy at that price.

He's offended by the attitude of the seller towards him for using credit to buy. It doesn't matter what you or I think it's worth if you are financing, the bank makes the call. Rather than try and work towards a solution, the seller says everyone financing a boat should be buying a bayliner. Yeah right, cuz people looking at 15 year old boats (or selling them) are generally cash buyers?

rlj676,
Need to reread the first post. He agreed on a price then got the survey. Then tried to tell the seller that the survey would not support the loan he needed to get---SOO! Nothing wrong with financing - I think the issue is backing out of a deal.

Nice. That'll earn you instant credibility and respect around here.

Yes I can believe he would say that. In my experience 90% of boatowners in the $50K+ range are *****s. I have had the same problems trying to finance an older restored boat, except the apache. The bank and surveyor all agree it was worth significantly more than the asking price..........and a nice little down payment doesn't hurt. IMO maybe not the best idea to do 100% financing on a boat........thus the bayliner comment. Heaven forbid you blow an engine and you will be upside down on the note.

Bib-boss makes an interesting point, but valid. He did back out of the deal. The buyer should have had financing in place before the survey. The seller has a right to be pissed.

Nope, the problem is the financing won't be for the asking price. As in the survey says it's worth $40, but asking is $55 and bank will only loan $40, or 90% of $40. I believe he would have paid the price if survey would support the financing for the total price.

It is tough to finance older boats because of these types of issues.

We as boat people will value something more than the banks.