Can ya believe a Cig owner told me this?
06-11-2008, 04:49 PM
#61
Registered
Join Date: Oct 2006
Location: CHI-CA-GO
Posts: 364
Likes: 0
Received 0 Likes
on
0 Posts
I know which bullet that was...
I really shopped surveyors (ask Steve) it took me like 2 weeks calling and talking to several. David was actually recommended to me by two other surveyors, and both spoke very highly of him. When I contacted him I knew within 5 minutes he would be doing our survey.
The big problem though; even with a great survey banks aren't just handinfg out $$ for older boats. We have good credit scores, but the age really was the limiting factor. We didn't get near the $$s we would have thought.
I really shopped surveyors (ask Steve) it took me like 2 weeks calling and talking to several. David was actually recommended to me by two other surveyors, and both spoke very highly of him. When I contacted him I knew within 5 minutes he would be doing our survey.
The big problem though; even with a great survey banks aren't just handinfg out $$ for older boats. We have good credit scores, but the age really was the limiting factor. We didn't get near the $$s we would have thought.
06-11-2008, 05:59 PM
#62
Registered
Gotta disagree there Texoma. "Subject to survey" means just that. Just as a home is sold "subject to appraisal" etc. If it was worded "subject to sea trail", that's different. The survey is not only used to determine condition of the vessel but place a value on it as well and most financial institutions will require a survey on this type of deal and base their financing accordingly.
boats are already about the most unwise investment any of us make, (and well worth it), but why buy one for 60k today, that is only really worth 45k today, meaning it will be worth 30k tomorrow?
