old yacht purchase

   Hello, 

The yacht was always
my dream.  I found good one in Palm
Beach. I want to take my friend mechanic to inspect it. Hatteras 85, it is old
(1989). I understand that the condition can be not the ideal, but maybe I will
ask the owner for the price reduction. What things must I check first of all
for the yacht of this age?  

Author	Message Share Topic Printable Version Delicious Digg Facebook Furl Google MySpace Newsvine reddit StumbleUpon Translate Twitter Windows Live Yahoo Bookmarks Topic Search Topic Options Post Reply Create New Topic
terazzzu Send Private Message Find Member's Posts Newbie Joined: 26 Nov 15 Online Status: Offline Posts: 2	Post Options Post Reply Quote terazzzu Report Post Quote Reply Topic: old yacht purchase Posted: 27 Nov 15 at 11:43am
	Hello, The yacht was always my dream. I found good one in Palm Beach. I want to take my friend mechanic to inspect it. Hatteras 85, it is old (1989). I understand that the condition can be not the ideal, but maybe I will ask the owner for the price reduction. What things must I check first of all for the yacht of this age?

JimC Send Private Message Find Member's Posts Visit Member's Homepage Really should get out more Joined: 17 May 04 Location: United Kingdom Online Status: Offline Posts: 6660	Post Options Post Reply Quote JimC Report Post Quote Reply Posted: 27 Nov 15 at 12:24pm
	I suggest it would be wise to shell out the money for a professional surveyor. There are things that can go very badly wrong you need specialised equipment to check.

MerlinMags Send Private Message Find Member's Posts Visit Member's Homepage Admin Group Joined: 19 Mar 04 Location: UK, Guildford Online Status: Offline Posts: 588	Post Options Post Reply Quote MerlinMags Report Post Quote Reply Posted: 27 Nov 15 at 4:30pm
	Perhaps have a look with your friend and discuss the problems. But do not commit to buy at this point. If you want to buy it, tell the owner you will be getting a marine survey done before making any agreements about purchasing.

rich96 Send Private Message Find Member's Posts Really should get out more Joined: 20 Jan 05 Online Status: Offline Posts: 596	Post Options Post Reply Quote rich96 Report Post Quote Reply Posted: 27 Nov 15 at 5:21pm
	This is likely to be the price of a holiday home and you wouldnt just have a mate do a quick look over one of those before you bought it ? Also there are many more things to wrong with a yacht so do what everyone else does and get a full survey. Depending on what they find that may be the best money you ever spend (you may get a large discount, you shouldn't end up with a nightmare and, as long as the surveyor is properly insured, you will have some comeback on them if they miss something) - no brainer really ?

JimC Send Private Message Find Member's Posts Visit Member's Homepage Really should get out more Joined: 17 May 04 Location: United Kingdom Online Status: Offline Posts: 6660	Post Options Post Reply Quote JimC Report Post Quote Reply Posted: 27 Nov 15 at 5:31pm
	Mind you. it may be that an initial inspection with a friend will tell you to run away without going to the expense of a surveyor. One thing for sure, lot more people trying to sell old boats than want to buy them.

Presuming Ed Send Private Message Find Member's Posts Really should get out more Joined: 26 Feb 05 Location: United Kingdom Online Status: Offline Posts: 641	Post Options Post Reply Quote Presuming Ed Report Post Quote Reply Posted: 28 Nov 15 at 10:47am
	Buying a boat - especially a large boat - is not so much acquiring an asset as exposing yourself to a liability. Make yourself very aware of costs to get this boat into usable condition, and ongoing running costs. Which won't be small.

terazzzu Send Private Message Find Member's Posts Newbie Joined: 26 Nov 15 Online Status: Offline Posts: 2	Post Options Post Reply Quote terazzzu Report Post Quote Reply Posted: 30 Nov 15 at 9:14am
	Thanks people, Surely, I will hire a good surveyor if I decide to purchase the boat. Well, we saw the boat. The owner admitted that the generator should be replaced. Besides, the basic electric items need the replacement too. So, this is the first problem we fund and he is ready to reduce the price for the refurbishment. Where to check the price for the electric stuff? I looked here https://www.mrosupply.com/lighting/lighting-fixtures/ but there are only some parts we will need. So it difficult to estimate now how much will I spend for the electric upgrade. After I hire a professional to check the boat, I think other problems will arise too.

Van Mentz Send Private Message Find Member's Posts Newbie Joined: 27 Aug 12 Location: West Wight Online Status: Offline Posts: 32	Post Options Post Reply Quote Van Mentz Report Post Quote Reply Posted: 30 Nov 15 at 12:29pm
	Is it American electrical installation or European? Big difference and you don't want the American system over here. It's not the purchase price that will break you it will be the re-build and upkeep. Think of your worse case price and double it, that will be about what it will cost you.