Our Boat Purchase Update

This morning we drove down to Seattle to the Queen City Yacht Club where our prospective yacht was waiting to be surveyed. We expected a long list of items that needed to be looked into and fixed but didn't expect to hear the news we received early into the survey. As our surveyor tapped on the hull along the transom in the engine room, he noted inconsistant sounds in 75% of the transom wall meaning that the interior had been exposed to water. He also found the same issues in the bulkhead just aft of the master stateroom and in a support beam in the engine room. So the issue now is what more might be found as repairs are made? What will the costs be to do the repairs? And who will pay for those repairs?

The rest of the survey went well actually. No other deal breaker issues were found. However, we did elect not to go ahead with the pull out so the bottom of the boat wasn't inspected. Nothing too extreme was expected to be found in that part of the survey but we chose not to pull it out pending the outcome of the major issue. If that can be resolved satifactorily then the pull out can proceed. Otherwise, there is no use in spending the money to have the boat pulled out.

We are heartbroken. We absolutely love that boat but can't see spending thousands to repair something so serious that should already be in good working order. So we wait. Our broker will get a bid for having the work done and then approach the seller with the problem and a request him to repair the problem. We have no idea what the outcome of all this will be. If it comes to it we will renew our search and attempt to purchase another boat. We are in a wait and see mode now. So sad!