On Sun, 02 May 2004 00:03:22 GMT, "sciman"
wrote:
This is probably a pretty newbie question, but I have found a boat I like at
a somewhat reasonable price. We are talking a 40FT boat that is 5 years old
so this is a considerable investment. In my offer, what should I be asking
for? The obvious is pending an independent survey, but are there other
things? In today's market, assuming this is an average asking price, is
coming in with an initial bid at 80% too low?
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80% is not too low, might even be a bit on the high side for an
initial offer. You can always increase your offer but it's difficult
to go down.

Standard procedure is to make you offer subject to survey and sea
trial, with acceptance or rejection by a certain date, usually two or
three weeks. If you are putting down a deposit with your offer, make
sure you have the ability to reject the boat for any reason and get
your deposit back.