Survey Says

The survey came back and it looks....positive?

I've never seen a marine survey before, but mine looks good considering it was a dry land survey with no actual disassembly involved.  The market value estimated by the surveyor was actually more than we're paying for the boat and far more than we're actually borrowing (although I believe the lender said 80% of survey value was what they would loan, so it's not that far off).

On the good news side, the survey didn't find anything wrong with the boat that the mechanical inspection didn't cover, and it included some structural issues that would be long term problems as well as evidence of other mechanical issues that could be hidden (like oil/fuel residue in the bilge) as well as water infiltration in the interior.

On the bad news side, the condition of the boat only rated fair based on the minor skeg dings and zinc replacement needed.  The zincs are getting replaced and I don't actually see the extremely minor prop and skeg wear as worth the rework costs right now.  They probably would be if the boat was going to be run hard and fast in big open water, but I doubt we will run hard and fast that much and it won't be for a ton of distance, so that work can wait.

The other "bad news" aspect of this was cost of the survey vs. useful information.  This survey was primarily for the bank's benefit for underwriting purposes, not what I would consider a "real" marine survey to be about.  That being said, the survey did cover some useful mechanical condition details, and it's winter and it's on dry land, but I wish it didn't cost what it did.

Overall, though, it's all good news because now we have the go-ahead to close on the boat!