When seeking financing for a new or pre-owned vessel, the Appraisal Marine Survey is most often used to give the lender an honest understanding of the value of your boat. This boat survey can ensure the lender they are providing financing that matches the vessel’s true value. With recent changes in the banking industry, the Appraisal Marine Survey has become an increasingly important document to justify financing requests.
An Appraisal Survey is also often required for a number of other reasons, including legal cases, estate settlements, or donations to charity. While similar to a condition and valuation marine survey, the Appraisal Survey is usually an abbreviated version of that report, focused on determining or justifying the vessel’s fair market value.
We follow a standard method of determining your boat’s value. This includes analyzing comparable boats currently for sale and recent sales of comparable boats, and comparing these numbers with the book value of your vessel. And we'll complete your marine survey in 96 hours!
For more than 25 years, buyers, sellers, and lenders have trusted Collier Marine Enterprises for honest and fair evaluations of true worth.
Call today to put our experience to work for you! 404-312-0445