Expert tips to boat buyers on marine surveys

This episode covers the importance of boat buyer expectations, pre-purchase marine surveys, what they entail, and how they differ from other types of surveys like insurance surveys. Randall shares insights from his 35 years of experience, including common misconceptions and red flags to watch out for when buying a boat.

Contacts and Resources:

📲 Randall Boiko: https://stage.currentyachts.com/resources/directory/admiralty-services
📖 Society of Accredited Marine Surveyors®
⛵️ Hire Current Yachts to represent you as a boat buyer
🛥️ Work with Current Yacht to sell your yacht

Key takeaways

🔍 A marine survey is essential for understanding a boat's condition before purchase.
🛠️ Pre-purchase surveys focus on identifying issues that may require repair.
✅ Insurance surveys are more about safety checks and liability concerns.
ℹ️ Buyers should not rely solely on surveyors; personal research is crucial.
💰 Survey costs vary by boat size and geographical location.
⚓️ A surveyor's experience can greatly influence the quality of the survey.
🤔 Deferred maintenance is common and should be factored into the purchase decision.
📋 Survey reports include detailed recommendations and inventory lists.
🗣️ Communication with the surveyor is key to understanding the report.
🛥️ Even new boats can have issues that a survey can uncover.

About Current Yachts

Current Yachts revolutionizes yacht sales by offering a transparent, service-based pricing model that puts the consumer first. How?

1️⃣ We replace traditional high commissions in yacht brokerage with flat-rate selling expenses, and the buyer-side commission (co-brokerage) only gets paid when a co-broker is present -- saving our sellers money.

2️⃣ We are a full service yacht brokerage company with licensed and bonded professional brokers assisting yacht sellers and buyers every step of the way.

3️⃣ Current Yachts is also the first yacht brokerage company to offer a buyer representation agreement.

💻 Our modern platform streamlines the listing intake process, and ensures real-time communication and analytics for all parties. Our team is focused on transparent yacht sales and facilitates faster, more efficient transactions. We've set out to build a genuine community that offers exclusive insights and resources, empowering yacht owners and buyers alike. And our podcast Full Displacement is designed to educate yacht sellers and buyers, and to share what is happening in the yacht brokerage market.

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