7 CRITICAL Questions to ask before you BUY A BOAT

Рет қаралды 39,196

Күн бұрын

Do you know the 7 critical questions to ask before you buy a boat? DON'T GET SCAMMED! You can lose tens or even hundreds of thousands of dollars if you don't ask the right questions when buying a boat. These all have to do with paperwork and bureaucracy. Yes, engine hours are important, yes, the age of the sails are important. But where and how is the boat registered?
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Пікірлер: 202

@algamble Жыл бұрын

About liens....a lesson learned the EXPENSIVE way...We bought a brand new center console 22 foot power boat...brand new mind you. On the day we went to consummate the deal, the seller was very cagey about sharing the bill of sale.....I wanted my lawyer to review it but he hemmed and hawed and said "fine, if you don't want the boat, I have a waiting list of people ready to buy it right now". I relented and went to their offices (in a trailer...that should have been my second red flag...and reviewed the bill of sale. All looked normal except for the line that read that "the buyer assumes all liens". I pressed on that issue but again, the seller told me essentially "take it or leave it". I signed. A few hours later I got a phone call from the gentleman who built the boat over the winter...nice guy but....he was never paid for his work and yup.....I owed him $20K. The lesson.....do not sign any legal document without having it reviewed by a good lawyer....I let my passion overide my reason and got taken to the cleaners.

@TheOKellys Жыл бұрын

So sorry to hear this Alan. It has happened a bunch in the housing market as well...buyers feeling like they HAVE to accept a seller's terms. Many people don't understand that liens and other encumbrances typically follow the boat, not the owner.

@dpurrington Жыл бұрын

Ugh that sucks

@catamaranmentor Жыл бұрын

Sorry to hear that. Thats suxs!

@RappinIggyG Жыл бұрын

I look forward to the tale of sweet, cold revenge...

@PrepSail Жыл бұрын

Why did you sign after seeing that the buyer assumes all liens?

@bssdragon Жыл бұрын

So useful Just had a deal fall through where the dealer and owner concealed a past fire (insurance write off). I found out from walking the dock. Talk to dock neighbors if a local boat!

@TheOKellys Жыл бұрын

Excellent advice. It is truly amazing what people will fail to disclose.

@LJ-jq8og Жыл бұрын

Excellent video.... LIFE ADVICE: "Trust nothing, and hopefully, be pleasantly surprised" is my advice to my children.💪

@kdzidoc Жыл бұрын

so, this is what I got from this: Questions to ask used boats: 1. Has there been any damage/insurance claims? 2. How the title is held, where is the boat registered and are there any leins? Title, registration, and flagging? 3. Is the dingy a separate registration? 4. Have taxes been paid? 5. Electrical upgrades? Receipts 6. Have there been any structural modifications? 7. Escrow? 8. List of sale items and dates of transfer 9. Currencies/exchange rates THANKS!!!!

@tedcurtinsr.5354 Жыл бұрын

When I follow a sailing site, it's for sailing. So many sites go off on tangents I can't go with. This is the first time it was worth hanging in. This was the best advice I've ever heard for purchasing a boat. Well Done!

@shades1959 Жыл бұрын

Great overview - thanks guys - really appreciate all you do to support the sailing community.

@TheOKellys Жыл бұрын

Very kind of you to say. If we can help anyone, anywhere get out and do this successfully, we will try.

@GabrielDiaz-bq6rr Жыл бұрын

... and you will be rewarded.... My Very Best Wishes from the other end of the World ... south. .. south South

@RappinIggyG Жыл бұрын

Not tens of thousands, but I travelled to southern Greece, paid for a survey and sea-trialled the French-flagged boat. Once back in port and we were reviewing the documentation there was no certificate proving (the advertised) VAT paid status. The owners and the broker tried to convince me the booklet that showed some kind of French "motor tax" from the 90s was sufficient. I balked and went to Athens for a few days to weep then flew home with my tail between my legs. After hiring a lawyer in France to get my deposit back (yes) I was out $6,500. Can't say I enjoyed the trip but I DID learn lessons I'll keep forever. And maybe some of you can learn from it too. Great vid guys. Thanks.

@jon2016 Жыл бұрын

Really well done. You most likely saved quite a few people a lot of frustration. I have bought and sold with and without brokers. It's a minefield and rarely an enjoyable experience.

@svamour4574 Жыл бұрын

You have such a good show. I would like to offer this challenge. Sailboat title for title regarding a sail around the world. Your cruising Cat against my cruising Monohull, no engine allowed and I pick the route, non-stop solo sailor. Please let me know if you are all in. You are the professional marketers: Monohull vs Catamaran.

@kirkb3473 Жыл бұрын

These are all things that helped lead us to going ahead and building a new boat vs. trying to save a few bucks buying used. Great video!

@sailingwiththejamess Жыл бұрын

Really enjoyed watching your videos as we are currently boat shopping. We are moving from a monohull to a catamaran. The survey of the first catamaran we wanted to purchase didn't go well so we decided not to move forward with it. Really helpful to see that it happens to other people as well. Please keep up in the loop of your boat shopping, I know you guys probably feel like you want to keep it all private now until you have a boat but it's so helpful and we are rooting for you guys! The right one will come along! We have seen the outremer 49 in the yard at boatworks, we kept an eye out for you guys and then learned it didn't go through. Rooting for you guys!! 🙌💕😎 Can't wait to see what you end up with!!

@nojabjonny Жыл бұрын

You have the voice and manner of a VERY GOOD salesman mate, great info as usual, love your work guys.

@johnbarratt983 Жыл бұрын

Good luck with finding your next boat. Very sound advice. It is hard work buying a boat internationally as I found out last year, but worth it.

@robbryant Жыл бұрын

Both of you are so generous with information.

@patrickabas1112 Жыл бұрын

Excellent information, its a good checklist to start with.

@blackduck7851 Жыл бұрын

Just tickling the algorithm. as always good info and best of luck with the next boat.

@claudechernoff2091 Жыл бұрын

Again, such valuable information! Thank you for continuing to share your knowledge, experience and advice.

@carlosdias8404 Жыл бұрын

Thank you very much for the valuable advice. Always glad to watch your videos, and always learn sometbing new, whether you are sailing or nor. Best of luck finding your new boat.

@JibeTalking Жыл бұрын

Again, more great advice from the pros! Thank you for sharing your experience.

@andyp91 Жыл бұрын

always a pleasure to listen to you advice . Any single one of those points can be a 'lifesaver' when shopping.

@TheExumRidge Жыл бұрын

Good timing. I am headed to close on a Beneteau 323 this week.

@cgeorge6250 Жыл бұрын

Thank you, great questions to ask.

@WaterTrails Жыл бұрын

Really useful info, I'm sure I'll be re-watching this someday in the future as a reference. Thanks!

@scvshow Жыл бұрын

Great part, open my mind for many new spec. Many thanks please keep going with your journey 🌊⛵

@GR8TDUCK Жыл бұрын

Thanks, Okelleys. Great info.

@ThoughtfulWander Жыл бұрын

Great episode! Thanks for the information! 👍👍

@richardheath8013 Жыл бұрын

This is a great subject and super coverage. Thank you

@michellebrown5006 Жыл бұрын

Thankyou for video and sharing your experiences / knowledge. Very worthwhile watching .We currently on the search for the cat of our dreams and have our current boat for sale so we appreciate sharing experiences as we are always learning . Good luck and stay safe and healthy .⚓️🐾

@erents1 Жыл бұрын

Awesome info and not a moment too soon as my offer on a Morgan was just accepted, thanks so very much!

@jud2820 Жыл бұрын

This is so great, always learn so much about boats. Boat maintenance, repairs., things to look out for and things to not look out for. Your video today is like the icing with the cherry on top, the creme de la creme as it were. I don't believe I would still have an interest in looking for a boat if it wasn't for the diligent manner in which you guys lay things out and the humour you both bring to the subject matter. Love you guys

@TheOKellys Жыл бұрын

Thanks! Buying and owning a boat isn't a super-simple thing. Obviously we think it is worth it though!

@TerryKeever Ай бұрын

Good info. Thanks for sharing.

@peterolsson8335 Жыл бұрын

Thanks, Great information 🙏👍🏻

@abbybalderas1639 Жыл бұрын

Thank you guys! Always a wealth of knowledge. 👍

@normanheise2113 Жыл бұрын

Thank you for the invaluable walk through of “Buying A Boat”. And a good summary of the Complicated Process and Due Diligence required in Purchasing An Offshore Cruiser especially if it is Foreign Flag registered. What you described I found both a little overwhelming and intimidating! Thanks for the “Heads Up”!

@hlynnkeith9334 Жыл бұрын

Valuable video! Keep 'em coming.

@mark_dowling 12 күн бұрын

Great advice thanks guys!!!

@mikaeelshabazz5376 Жыл бұрын

Great information, thanks for sharing

@dkbauman6982 Жыл бұрын

Awesome info. Thank you

@BrandonSchmit Жыл бұрын

Great information! Thank you!

@HopeOfJoe Жыл бұрын

Thanks guys. This one in particular is a real keeper as we move forward to ownership. 🎉😊

@MCMaxwell100 Жыл бұрын

Good info. Thanks guys!

@MrJohnBos Жыл бұрын

Fantastic advice. Thank you.

@thomasbrasse3145 Жыл бұрын

great video for newbies! Thanks

@ChezTeam Жыл бұрын

Thank you for the useful and really interesting info as we are planning to buy a boat. Cheers!

@lisaball9567 Жыл бұрын

That was really useful thanks.

@v.psanchez3933 10 ай бұрын

Some of these questions were never thought of. Thanks

@maximaleffort 10 ай бұрын

Good stuff. Thank you.

@richb313 Жыл бұрын

Thanks for the information.

@dpurrington Жыл бұрын

You guys. This is a gem. Reminds me of the cat v monohull video. Very very useful.

@tedrick4713 Жыл бұрын

Good stuff. Thanks

@crowdfundcrew Жыл бұрын

Great information. I had a hard enough time just getting a Jon boat I got when my dad passed, titling with different state rules. I can only imagine across countries.

@playb4work447 Жыл бұрын

Very valuable information. Excellent video. 👍🏼

@TheOKellys Жыл бұрын

Glad it was helpful!

@MK-gr9qz Жыл бұрын

Thanks my friends, some really good one🏋🏻‍♀️🤗🏋🏻‍♀️

@Four_Words_And_Much_More Жыл бұрын

Another solid and useful package of information about sailing. I have a break through solution to buying a boat! You have the Kelley's buy it for you and give it to you. That was a joke so laughter all around please.

@mikehill4940 Жыл бұрын

Good Stuff. Thanks!

@yogawitherika Жыл бұрын

Thank you so much!!

@MrJoelkamins Жыл бұрын

I wish you put this out a year ago, before I bought my boat... I have learned more than I ever wanted to know... I also did not ask the right questions...

@TheOKellys Жыл бұрын

Really sorry Joel. Live and learn...that's all we can ever do.

@TheRiseofSuperman Жыл бұрын

Thank you for this channel. I am positioning myself to purchase a boat. My long projection is two years, but it can be anytime before that.

@davidsfollys Жыл бұрын

Now that was extremely useful. THANK you

@TheOKellys Жыл бұрын

We try! Thanks David.

@mbatts731 Жыл бұрын

Just found your channel, loving its simplicity and informal style… Did you enjoy Australia what did you think of our country

@YachtInsuranceGuyFL Жыл бұрын

Great question to ask, currently trying to get insurance for a client who bought a boat with a salvaged title thinking they would be able to get insurance. They bought it before contacting me before i had a chance to do research for them. I have not been able to place them with anyone of the several carriers (worldwide even) I have access to and feel terrible for this older couple who own an uninsurable boat...can't even get them a liability only policy. If you or your followers have a salvaged titled boat and know of a carrier i would love to pass it along to this couple. Thanks!!! great videos...all of them!!!

@pdgadventures Жыл бұрын

Thank you for sage words from salty sailors. We will pull this video up again when we are more serious about buying. Will you please put it in a playlist?

@mojoneko8303 Жыл бұрын

Thanks for the information on boat buying. It can be a daunting process with mine fields everywhere and buying a boat in a foreign country just adds more complication. Don't a lot of countries impose a sales tax on the sale of a boat? I have heard of people making the deal in International waters to avoid that but I would be Leary of taking a brief case full of cash out to sea... I considered building a boat at one point until I learned that a typical 40 foot monohull takes about 10,000 man hours to complete. That would have taken me years... Thanks for the video. Good Luck with the search. If I ever buy another boat I would hire you two as consultants if possible... 🙂

@petebarber6778 Жыл бұрын

so valuable. thankyou.

@BCS2023 Жыл бұрын

Great info! Like that really old Lloyd Bridges show, you two are on a “Sea Hunt”

@TheOKellys Жыл бұрын

lol

@njsarn Жыл бұрын

Very valuable info. Thanks a bunch! MegaNick, what happened to the Cat deal in Ausy?

@TheOKellys Жыл бұрын

We were not able to come to an agreement.

@CaptPauly Жыл бұрын

Always outstanding ❤️ Yes buyer beware. The bait can fool you into a dream of endless issues and never ending problems. A deal is probably to good to be true.

@davidwebber6956 Жыл бұрын

Great video. OMG .. its the wild west only on a global sale .. Guessing the "partner" in Panama was in on the deal from the start . 🤔

@erickramer9291 Жыл бұрын

what possibly could go wrong? Love your show Eric

@chriswatt38 Жыл бұрын

Love you guys :)

@michaelneitzel5634 Жыл бұрын

GREAT information!! Sure hope you guys get the chance to ask these serious questions to some seller who has the PERFECT boat for you two!!! AND SOON!!

@TheOKellys Жыл бұрын

Us too!

@thornblackwell5749 Жыл бұрын

Like it, great stuff, but every time I see you guys have a new video I'm hoping you have news about a new boat. I guess I need to stop hoping and start praying for you guys to find the perfect boat for you.

@TheOKellys Жыл бұрын

Thanks Thorn. The right boat will come along at the right time. For now, we will just do what we can. Hopefully we can provide some value in the meantime.

@v.psanchez3933 10 ай бұрын

❤️ this info

@davidhamilton5332 Жыл бұрын

awesome video

@markgrant1933 Жыл бұрын

Great video as always. I am looking at a catamaran that has had front and rear hull extensions, along with a shortened mast for the ICW. How do you know if it was done correctly and will not adversely impact the safety or other aspects of the boat? Thank you very much. Long time fan.

@angela1984a Жыл бұрын

Guessing: You'll need a reputable naval architect or some such with the equivalent knowledge. Also guessing that the naval architect will have to examine the original drawings for that boat and also the drawings that were made for this redesign. Finally that naval architect will have to examine the boat in question to see that the actual work was carried out to spec. Alternatively you could contact the naval architect who did the actual work of this redesign directly. Depending on who that naval architect is, you could either trust that person or choose to have another naval architect double check the work and design.

@billkoetting5197 Жыл бұрын

Thank you both. I have watched a lot of your vides. I know its cheaper to buy in the Crib. Could you do a vid of the difference between USVI and BVI and the other islands?? I wouldn't go to the west Crib to buy, too many what ifs. Like your sailboat outside San Fran so no Taxes lol.

@octopusiicaptn8632 Жыл бұрын

I guess sellers (some) confuse escrow with escroc (crook in French) it seems, always the same they put you in a rush (similar to phone hacks) and your done, and sadly usually you don’t have too much leverage even if it is obviously an illegal sale contract. GOod luck with your search, cheers from Montreal

@josephinemiller68 Жыл бұрын

I bet your children are so proud of you both and I’m sure you have passed the adventure bug onto them. What a great legacy. I imagine your grandchildren having the same ambition.

@phillipdelatour7729 Жыл бұрын

No children. Has allowed them to pursue the "adventure bug" through their youth. What an assumption.

@thewedword Жыл бұрын

Great information that can save thousands of dollars 💸 if ignored. Thanks for sharing.

@TheOKellys Жыл бұрын

Thanks DJ.

@philgray1023 Жыл бұрын

Sage advice. Some brokers like our first would make Ned Kelly look like a gentleman. He couldn't lie straight in bed, could hide behind a snake etc. I was accompanied by a practising barrister and he just couldn't help but continue lying (He stated he had taken another deposit on the boat and would sell it from under us if we didn't go ahead and we would have to go to court to get the deposit back.) Complain to the Queensland Marine Brokers Association, said someone. He was the president of that association. However my last experience with a broker really restored my faith. Prior to that our private boat sale contract was handwritten and made up on the spot between us and the purchasers. It went well, but the deposit holding is not a comfortable thing.

@billwilliams9527 Жыл бұрын

Holy Smokes, this is very complicated. Good luck, I want to see you guys sailing, but of course, you want to brr out there too.

@lowellmccormick6991 Жыл бұрын

NIck, do you provide backing music for other youtube channels, TV shows or movies? Your music is really good.

@TheOKellys Жыл бұрын

That's very nice. No, I don't license any of my music. Have not been asked yet though!

@jeffpiper7147 Жыл бұрын

I know that this is completely off topic but I’ll feel the need to share it with you there is a fitting song for many couples cruiser it’s Hearts by Yes from their 90125 album check it out much better with headphones or a good stereo

@petebarber6778 Жыл бұрын

Thankyou.

@jenfirth8032 Жыл бұрын

In the UK you need to know what the VAT status is of the boat you want to buy. Regardless of the boat’s age. There is lots of chatter about boats that have been kept in the EU and VAT and brexit which has complicated factors etc.

@buzzbladz7142 Жыл бұрын

The start was so funny

@patrickjames1080 Жыл бұрын

Use a title company to hold the $ in escrow

@whitneylake2107 Жыл бұрын

Given your determination and experience during this process was there ever a time where building your own was a consideration ? As I sip my coffee in my "O'Kelly" mug .. I say this only because it seems like shopping for a new or used craft is quite a lengthy affair. Thank you !

@helimx Жыл бұрын

They discussed this recently. I think on their last video. They considered it, but the time frame is well over a year, so they aren't building one

@TheOKellys Жыл бұрын

Never say never, but building a boat is really beyond our interest and abilities. Much respect to anyone who goes that route.

@IrishTrekkie Жыл бұрын

Also, another great question, How’s the acoustics for playing guitar ;P In all seriousness, great insights shared folks, nice work.

@TheOKellys Жыл бұрын

First question I ask. LOL

@PeterAcrat Жыл бұрын

✨👍Thank you.☮

@claytonrjohnson Жыл бұрын

Does it make sense, if the timing can be arranged, to buy a new boat, based on all the challenges you listed?

@t1corvette Жыл бұрын

Was that a Australian Yacht sale negotiation at the end of this video? 🧐

@pmangeri Жыл бұрын

Are you guys going to the Annapolis sailboat show this spring?

@TheOKellys Жыл бұрын

No, we are in the wrong hemisphere.

@OZ1DK Жыл бұрын

You guys scray me:) I'm also in the market. Looking for 42-44f cat.... Don't you guys have a reminder/remember list for paper work, work flow, what to ask the seller, and what to tjek self on the boat:)

@niceguyrides Жыл бұрын

Good stuff. Glad you are off boat creating opportunities to think of unique things to talk about. ;) praying for your skin cancer issues.

@oglaucio Жыл бұрын

That was very valuable. Thanks for sharing. Are there any countries that are more of a "problem" if the boat is flagged there vs another country? Or any jurisdictions that a first time buyer should avoid while looking for a boat? Cheers!

@TheOKellys Жыл бұрын

Wish I could say we are experts in all things everywhere, but we are not. I can tell you that if a boat is USCG documented in the US, it is usually a fairly straightforward process. If held in an corporation in a foreign country, you need to do a lot more research and talk to an attorney familiar with those laws.

@oglaucio Жыл бұрын

@@TheOKellys Thank you!

@greencoastdesigns9492 Жыл бұрын

Engine oil sample !! 35$ US, worth $35,000 US

@jaymacpherson8167 Жыл бұрын

Teachers, my brain is exploding. Can we talk about margin calls now?

@_Daio_ Жыл бұрын

The only boat I could afford would be from fissure-price, and they have a good return policy.🤣

@clifbradley Жыл бұрын

The O'Kelly's taking us to school. Are you all adjusting to being on land full time now? I had asked Wiley about you all and he said that there are boats out there, but nothing that meets your criteria and kind of stated you all were doing your own search. Sailng Doodles had that friend that had an amazing catamaran but they did a lot of work to it and even got a specific year because it had special rigging. Probably outside your price range.

@TheOKellys Жыл бұрын

With boat #5, we are now incredibly specific about what exactly we are looking for. On top of that, we feel the boats that do meet our criteria are overpriced by about 15-25% and that a market correction is just getting started. So as much as we would LOVE to buy a boat tomorrow, we know from first-hand experience (mistakes) what happens when you get desperate. The right boat will work when the time is right. Between now and then, I would say land life has its benefits and drawbacks. We will enjoy the benefits for now.