I need a little advice.
First off let me state clearly I am casting no aspersions on any owner or his/her boat. My issue and request for information is about how accurate should one expect a yacht broker’s printed add and how much good faith and integrity should one expect.
I live in Alaska and responded to an add for a SLM FC-22 in a major and well known website that specializes in advertising boats. It was from a Brokerage that claimed to know and have sold many SLM BCC and FC-22. I emailed and called the broker and asked “Is the boat accurately represented in your add, is the boat in as good as shape as you claim.” The response I received was “Absolutely”. After viewing the web-page and completing a lot of research, I have been studying and researching FC for about 3 years now, I made a full price offer stating to the broker…“Out of respect for the boat, the owner and based on your reputation that the boat is as you claim, I will offer full price save the cost related to survey if the deal goes through” I signed the contract, sent it back with 10% escrow funds. And secured loan approval, insurance approval and quote, in essence did everything asked of me.
The add, marked "Last visited 10/20/09) stated, and coninues to do so,“In the past year, (Boat name deleted) has received the royal spa treatment and all of the exterior (and interior) woodwork have been completely refinished”
The add continues: “She spent the winter at an excellent yard that does restoration. Everything from the woodwork interior and exterior to all the mechanical systems, running gear, canvas, new cushions, new furlers, new sails, new epoxy bottom, new propane Force 10 stove, new GPS chart plotter. The list goes on. Her owner has spent $30,000 on a major refit making (Boat Name Deleted) absolutely perfect!” Again in another section, “…she is completely restored. Everything is perfect. Everything is ready to go. She is a bargain at the asking price. She is a gem!”
Perfect, right what a deal a SLM FC Factory finished with a year old complete and perfect restoration, a damn good deal at full price considering the yacht boroker said the owner just spent $30,000. Man I was so happy I had found “THE BOAT” probably the best built, best conditioned most beautiful 22 foot in the US…Then I got the survey…I will spare you the details save one or two…This is just in the forward cabin…teak in forward cabin (and there is a lot of it) was left unfinished, portions of trim were not installed, trim was missing in other parts as well. Lockers…in need of refinishing, there was no headliner installed… Not to mention (add says it is a Yanmar 2GM)even though I knew it to be 1GM by the picture in the add. After the sea trial, I call the broker, the broker stated " Motor was perfect was perfect ran perfect, you are lucky I am selling the boat to you…" Survey stated that the transmission fluid was checked prior to seatial, had to be changed due to water, was check after and still had water…steady leak from hose in engine compartment…I could go on and on.
I just need some advice: Am I wrong to expect when a broker says (documented on a webpage and when printed) that a boat has been completely and perfectly restored, exterior woodwork inside and out last winter was completely perfectly finished, etc., that I should expect that to be a true and accurate statement? Seems to me I could/should accept maybe the quality of the job was questionable, but the fact that the forward cabin was unfinished with trim missing and not installed and no head liner, just seems wrong. Especially when the broker made claims of sailing her from the home port to the broker’s yard. How can you sail a boat for several days and not know the forward cabin is “unfinished”?
When and how much should one expect integrity from a Yacht Broker?