DIY Boat Sale (part1): the process

Рет қаралды 1,178

3 жыл бұрын

The video outlines the process of selling a boat when you handle the sale yourself. You can find a copy of the DIY Boat Sale Process chart at
drive.google.com/file/d/1wKrx...
The video references the BoatUS sale contract which you can find here:
www.boatus.com/-/media/files/...
If you use this contract I would consider adding some wording to manage the situation where the buyer has not explicitly rejected the boat, but does not proceed with closing. Perhaps return the deposit and void the contract...
The Yacht Brokers Association of America also has a contract form you can review, do a Google search for YBAA purchase and sale agreement.
If you'd like boat valuation spreadsheet, check out the form available from Sailing Soulianis sailingsoulianis.com/boat-buy...

Пікірлер: 2

@daneulekowski929 3 жыл бұрын

One thing I disagree with is returning the deposit, when I sell something I always get at 10% non refundable deposit to hold the item. Learned my lesson the hard way, when I held a camper, for a couple for over a month. They had broken up, and decided they didn't want it. I gave them their deposit back , and then was unable to sell the camper, without including winter storage to the new buyers. If the same scenario happened now, I would've kept the $1100 deposit, until I was able to sell the camper for my original price. The nice part is you can always return the money, if you end up not losing out on the deal.

@SailFanatics 3 жыл бұрын

Dane You certainly can include in your agreement any provision that the other party will accept, such as a non-refundable deposit. I would doubt many boat buyers will commit to turning over 10% of the purchase price for the opportunity to spend more money on the inspections of a boat they are interested in purchasing. That's why I suggest keeping the acceptance period short, it minimizes the risks to the seller.