When you are considering refinancing your boat loan, there is a lot to take into consideration. One essential factor when refinancing your boat loan is to consider whether you need the services of a marine surveyor. A marine surveyor can help ensure that your vessel meets the credit requirements of banks and other lenders, and will also provide a valuable asset appraisal. If you live in or near 33702, then you should consider hiring a qualified Marine Surveyor 33702 from Suncoast Marine Surveying.
A Marine Surveyor 33702 from Suncoast Marine Surveying conducts inspections on boats for sale, appraisal, damage/purchase surveys, abandonment/salvage surveys, finance surveys, pre-survey inspections, etc. During a marine survey, the surveyor will check items such as engines, sails, electrical systems, fuel tanks, and ancillary equipment, and will also inspect the hull, deck, and superstructure.
Having a qualified marine surveyor conduct these checks provides invaluable information before deciding on whether to purchase or refinance your boat. Without knowing the condition of the vessel before proceeding with the sale or loan financing process, you may find yourself in a difficult financial situation downstream later.
If you decide to hire a marine surveyor from Suncoast Marine Surveying to inspect your vessel prior to refinancing, there are several steps you should keep in mind. First, it’s important to do your research and make sure you are hiring a qualified surveyor. You should also understand that a marine survey is a visual inspection only and does not guarantee the condition of any item or system. It is accepted practice that items that cannot be easily seen (such as engine oil levels) will be judged to be in ‘good operational order’ unless noted otherwise on the report.
Once you have hired a surveyor to conduct the survey, you must disclose all known defects before the survey appointment. This will give the surveyor time to review and discuss the findings prior to issuing his report. The Marine Surveyor will then issue a written report outlining the condition of the vessel which will include both good and bad points. The report should be signed by the surveyor and witnessed by you.
Lastly, don’t forget to obtain pictures of the vessel taken during the survey as this provides clear evidence in case there is any disagreement about the condition of the vessel at the time of the survey.
In conclusion, when considering refinancing your boat loan in 33702 it is wise to retain the services of a qualified marine surveyor from Suncoast Marine Surveying. Our team can provide comprehensive advice and asset appraisal along with a reliable report on the condition of your vessel. Get in touch to find out more about our services.